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Foreclosures and Communities

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Between those kinds of properties, and neighborhoods where most homes see infrequent vacation use, it would seem like more proactive code enforcement is looking a little bit better.

Prices stabilizing lower than they were in 2004 for non-exclusive properties might not be a bad thing. Good and varied housing options in the 300K-500K range in an area as attractive as SoWal will help bring in the kind of long term professionals and small businessmen that you want as long term permanent residents of an area. Go after more of the mid-career types who can telecommute or consult from home, and who can live just about anywhere, and offer them a high quality of life at a price that is seen as not cheap, but a good value, and over time you build a healthier local economy than the current tourism and real estate dominated one.
 
beachmouse said:
Between those kinds of properties, and neighborhoods where most homes see infrequent vacation use, it would seem like more proactive code enforcement is looking a little bit better.

Prices stabilizing lower than they were in 2004 for non-exclusive properties might not be a bad thing. Good and varied housing options in the 300K-500K range in an area as attractive as SoWal will help bring in the kind of long term professionals and small businessmen that you want as long term permanent residents of an area. Go after more of the mid-career types who can telecommute or consult from home, and who can live just about anywhere, and offer them a high quality of life at a price that is seen as not cheap, but a good value, and over time you build a healthier local economy than the current tourism and real estate dominated one.
Click to expand...

Imagine all the people...sharing all the world...

In the meantime, the lack of stability is making it impossible for people to get a foothold here, and stay here. Even if you take good financial advise and rent, you might still find yourself caught up in this whole mess. Moving every few months (with all the stress that entails) and losing deposits just doesn't make any sense. Nor does buying a home when the prices are all over the map and the overall trend is still downward. In our neighborhood, professionals are moving away and some are talking of walking away from their mortgages as though that's a totally logical and expected sort of thing.

It boggles the mind that anyone would want to become sheriff in this county.
 
All of those Walton Rose unfinished houses have been forclosed on. First Tennessee in Memphis owns 3 (including one that is only a slab) and the others are owned by a lender in Ohio. I know people who have tried to buy them and the lenders are not really trying to make a deal. I would like to find a way to force the county to do something about it because it has to be a hazard. The houses will need to be demolished if they stay unfinished much longer (or they may be beyond hope now...)
 
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Since we don't have a pro-active code enforcement, maybe if we all call, someone will do something.

622-000. It is the development on Walton Rose

I called a few weeks ago.:bang:
 
waterst1 said:
All of those Walton Rose unfinished houses have been forclosed on. First Tennessee in Memphis owns 3 (including one that is only a slab) and the others are owned by a lender in Ohio. I know people who have tried to buy them and the lenders are not really trying to make a deal. I would like to find a way to force the county to do something about it because it has to be a hazard. The houses will need to be demolished if they stay unfinished much longer (or they may be beyond hope now...)
Click to expand...

We were told a while back that there was a law suit pending between the developer and the buyer which would now be the bank. Apparently the developer was never pd....just what we heard. BTW this is franny posting under Canuck's name. My computer is under the weather.
 
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