Foreclosures – there is some sorta glamour about it now a days. Its the new “fluff and flip” where the new clowns think they can throw on a coat of paint and sell it for 20% more than what the previous clown tried to sell it for.
Wait till banks have a hige stack of properties hanging on the wall and credit rules so tight that you toss in a peiece of coal and it comes back as a diamond. Then walk in with 10-20% of previous list price in cash and walk out with the title deed.
Dont think that will happen … it did in 96-97 in sacramento. I was there, just didnt have the 40K or so needed to buy one in my favorite greenhaven area.
I’d do elk grove now cos I’d rather have a newer house without lead and asbestos in it than old, even if its cookie cutter.
Cool.
Cow_tipping.
