Cantide756

Cantide756 t1_j7pukj9 wrote

I know of 6 houses in a development that were finished right before the 08 mess, guy won't drop the price from 350k, and they've been raided for copper from the meter and furnace out, sheet rock is trashed, and exterior has never been redone. I can see the value of the land itself might be high, but the amount of money going into making it livable, that shouldn't be the asking price. Most he does is mow the lawns, they've never had occupants other than the occasional squatter.

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Cantide756 t1_j7nctat wrote

It's also a huge problem with the market, houses that are condemned still go for way more than they are worth, since they have "potential". Property value going up is one thing, but the value of it skyrocketing because of a building on it that is better off demolished is idiocy.

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