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November 5, 2009 at 2:58 PM in reply to: Advantages and Disavantages of Buying Affordable Housing for Low Income People #478126November 5, 2009 at 2:58 PM in reply to: Advantages and Disavantages of Buying Affordable Housing for Low Income People #478297weberlinParticipant
I speak from experience. I lived in low income housing as a college student. It sucked. I’ll speak to the disadvantages:
Your low income neighbors:
1. are more likely to steal from you/other neighbors
2. are less likely to maintain their property
3. will probably cram 2 people per bedroom, and 3 in the living room
4. will constantly invite their shady friends over ( this is usually what leads to the theft and property damage )November 5, 2009 at 2:58 PM in reply to: Advantages and Disavantages of Buying Affordable Housing for Low Income People #478663weberlinParticipantI speak from experience. I lived in low income housing as a college student. It sucked. I’ll speak to the disadvantages:
Your low income neighbors:
1. are more likely to steal from you/other neighbors
2. are less likely to maintain their property
3. will probably cram 2 people per bedroom, and 3 in the living room
4. will constantly invite their shady friends over ( this is usually what leads to the theft and property damage )November 5, 2009 at 2:58 PM in reply to: Advantages and Disavantages of Buying Affordable Housing for Low Income People #478744weberlinParticipantI speak from experience. I lived in low income housing as a college student. It sucked. I’ll speak to the disadvantages:
Your low income neighbors:
1. are more likely to steal from you/other neighbors
2. are less likely to maintain their property
3. will probably cram 2 people per bedroom, and 3 in the living room
4. will constantly invite their shady friends over ( this is usually what leads to the theft and property damage )November 5, 2009 at 2:58 PM in reply to: Advantages and Disavantages of Buying Affordable Housing for Low Income People #478963weberlinParticipantI speak from experience. I lived in low income housing as a college student. It sucked. I’ll speak to the disadvantages:
Your low income neighbors:
1. are more likely to steal from you/other neighbors
2. are less likely to maintain their property
3. will probably cram 2 people per bedroom, and 3 in the living room
4. will constantly invite their shady friends over ( this is usually what leads to the theft and property damage )weberlinParticipantI don’t understand the report’s argument that “Bottom line- there is no ‘shadow’ inventory of bank owned homes being intentionally withheld from the market.”
“With 90,365 properties in inventory, banks currently carry about 4.77 months of supply, however, it
takes the banks on average 7.33 months to dispose of a bank owned home, thus current inventory is less
than should be expected…”What? If it takes 7 months to get rid of a property, and there is a 5 month supply, wouldn’t that lead to an increasing inventory of bank owned homes in the future?
Someone help me out here….
If this is true, that there is no shadow inventory, then what? Has a price floor been set?
weberlinParticipantI don’t understand the report’s argument that “Bottom line- there is no ‘shadow’ inventory of bank owned homes being intentionally withheld from the market.”
“With 90,365 properties in inventory, banks currently carry about 4.77 months of supply, however, it
takes the banks on average 7.33 months to dispose of a bank owned home, thus current inventory is less
than should be expected…”What? If it takes 7 months to get rid of a property, and there is a 5 month supply, wouldn’t that lead to an increasing inventory of bank owned homes in the future?
Someone help me out here….
If this is true, that there is no shadow inventory, then what? Has a price floor been set?
weberlinParticipantI don’t understand the report’s argument that “Bottom line- there is no ‘shadow’ inventory of bank owned homes being intentionally withheld from the market.”
“With 90,365 properties in inventory, banks currently carry about 4.77 months of supply, however, it
takes the banks on average 7.33 months to dispose of a bank owned home, thus current inventory is less
than should be expected…”What? If it takes 7 months to get rid of a property, and there is a 5 month supply, wouldn’t that lead to an increasing inventory of bank owned homes in the future?
Someone help me out here….
If this is true, that there is no shadow inventory, then what? Has a price floor been set?
weberlinParticipantI don’t understand the report’s argument that “Bottom line- there is no ‘shadow’ inventory of bank owned homes being intentionally withheld from the market.”
“With 90,365 properties in inventory, banks currently carry about 4.77 months of supply, however, it
takes the banks on average 7.33 months to dispose of a bank owned home, thus current inventory is less
than should be expected…”What? If it takes 7 months to get rid of a property, and there is a 5 month supply, wouldn’t that lead to an increasing inventory of bank owned homes in the future?
Someone help me out here….
If this is true, that there is no shadow inventory, then what? Has a price floor been set?
weberlinParticipantI don’t understand the report’s argument that “Bottom line- there is no ‘shadow’ inventory of bank owned homes being intentionally withheld from the market.”
“With 90,365 properties in inventory, banks currently carry about 4.77 months of supply, however, it
takes the banks on average 7.33 months to dispose of a bank owned home, thus current inventory is less
than should be expected…”What? If it takes 7 months to get rid of a property, and there is a 5 month supply, wouldn’t that lead to an increasing inventory of bank owned homes in the future?
Someone help me out here….
If this is true, that there is no shadow inventory, then what? Has a price floor been set?
October 15, 2009 at 12:24 PM in reply to: Mortgage/Housing Industry Insiders See another Leg Down #469441weberlinParticipantI don’t think there are many bulls on here. Anyone?
October 15, 2009 at 12:24 PM in reply to: Mortgage/Housing Industry Insiders See another Leg Down #469622weberlinParticipantI don’t think there are many bulls on here. Anyone?
October 15, 2009 at 12:24 PM in reply to: Mortgage/Housing Industry Insiders See another Leg Down #469978weberlinParticipantI don’t think there are many bulls on here. Anyone?
October 15, 2009 at 12:24 PM in reply to: Mortgage/Housing Industry Insiders See another Leg Down #470050weberlinParticipantI don’t think there are many bulls on here. Anyone?
October 15, 2009 at 12:24 PM in reply to: Mortgage/Housing Industry Insiders See another Leg Down #470260weberlinParticipantI don’t think there are many bulls on here. Anyone?
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