Real Estate and foreclosure thread

searcher said:

Update

Real estate agents from major brokerages arranged questionable property deals around Temple University​

More than two dozen Philadelphia-area real estate professionals helped arrange $45 million worth of questionable deals around Temple University in which student rentals that had sat on the market for months abruptly sold for about double their asking prices, an Inquirer investigation has found.

In 52 settled or still-pending sales over roughly the last year, apartment buildings were listed for sale at an average price of $450,000, but found no takers. Within days of being re-listed for a higher price, the same properties sold for as much as $905,000 — at least on paper — to buyers who took mortgages that far exceeded the original asking price.

More:

https://www.msn.com/en-us/money/rea...emple-university/ar-AA1Vnj6Z?ocid=socialshare

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Mounting foreclosures around Temple U spotlight questionable real estate deals​

• Home buyers in the first quarter were more concerned about the economy and mortgage rates than they were about home prices, according to the CNBC Housing Market Survey.
• The average rate on the 30-year fixed mortgage hit a low of 5.99% the day before the Iran war started and is now hovering around 6.5%.
• Affordability is not improving as much as most experts had forecast, which means buyer demand is dropping and homes are sitting on the market longer.

To afford a four-bedroom house in West Chester, they moved in with their parents | How I bought this house​

Voodoo said:

More details on just how bad Commercial Real Estate has been.

Downtown Baltimore CRE Crash Signals Deeper Fiscal Crisis Ahead<!-- --> | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

4,085 out of 14,027 - saw their assessed values slashed on average by 28.7%.

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When The Paychecks STOP, THIS is What Happens Next​

23 Things You Only Find Out AFTER You Buy The House​

Philadelphia judges order Sheriff Rochelle Bilal to fix deed problem — or they’ll appoint someone who will​

State Fights to Keep Surplus from Tax Foreclosures​

searcher said:

Samurai vs. squatters: On the street with the hired swords reclaiming California property owners' stolen homes

California has failed to protect private property from squatters. Desperate owners are turning to katana-wielding enforcers to reclaim their homes.

reason.com

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Florida Economic Warning - Debt, Foreclosures and Bankruptcies​

Casey Jones said:

Eventually these dynamics shift.

With DeSantis out, and with a whole phalanx of RINOs (including the Jeb-Shrub retreads) waiting in the wings...AND with the Left now feasting on their newest power base, real-estate taxation and HOAs (an unconstitutional, unelected stealth-government structure) the allure of Florida is rapidly dissipating.

I never fully understood it. Yeah, it's great in the winter. And beaches are nice, particularly when they're decorated with bikinis during Spring Break.

Balance that. The ground is unstable, with sinkholes manifesting from time to time. That's nothing new; I remember a summer resident (former resident, retired high-school phys-ed teacher) talking to us kids over coffee on the back patio of the pro shop, about the emergence of sinkholes. George blamed all the new housing draining the aquifers. It hasn't gotten better - now Florida has mega-apartment high-rises.

Then, the weather. Sunshine in February, is nice. Trying to evacuate as a hurricane is bearing down, with a carload of valuables, kids, cranky wife, and two dogs...and HOPING to find a motel that will take all of you...that ain't fun. Nor is the cleanup later.

Nor the cancellation or the legal-gymnastics the "insurance" companies now use to only partially pay, or refuse to pay.

Even the bikinis. Now it's not blonde coeds, mostly. It's female hood rats, shakin dat outsized booty for anyone wif a camera. When dey not chimpin out at the Popeyes or quick-stop. Drinkin in publick; actin out, "street takeovers" and SHOOTINGS.

Yah. Dat da kinda peepul we wanna run t'ru koledge, fer sure.

So. Florida's near-overnight appeal as a holdout of conservative America, is eroding - fast.

I'd seen it before. New York, when I was a kid, was "progressive" but well run...it wasn't expanding industry but it was holding its own. Upstate, was still conservative - they tolerated (the slimeball) Nelson Rockefeller, because he (his underlings; the man was a simpleton) wasn't screwing things up. High taxes were the cost of having reliable road-paving and snow removal.

Of course, anyone who has looked at the history of "progressive" government, knows, this won't last. It only runs one way.

Now the Vampire State is Leftist anarcho-tyranny.

Colorado. Thirty-five years ago it was a small-government, low-tax Blue State. Thirty years of Califfornistan burping up its Leftists, who like to spout their dogma, vote as they chatter, but don't like taxes or chaos...well, they didn't change how they voted, and now Colorado's exceeding even the California collapse.

Ohio, just in the last 15 years. ENDLESS Somali and then Haitian waves of "migrants," coupled to people who tired of the increasing dysfunction of government and disappearing employment opportunities...these go-getters have left. Young people in state colleges, quickly leave. Their parents stay put, but only until they retired (retirement was A Thing until recently). Then they would go to...where? FLOOR-I-DAH.

Now Ohoho is rivalling Minnehaha in Turd-World corruption and beholden government. Wait until Vivek is elected gubbernator - MOAR waves of aliens, this time from India (and Pakistan) coming in.

So. We're running out of places, but all these refugee regions, like Texas, like Arizona, like Floriduh...going bye-bye.

Nor is there a clear place we can go to - unless the Left manages to completely empty Haiti into the Midwest. I think Euro-Americans could do real well in Haiti, once its cleared and all the feces and flotsam removed...

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