Quote:
Originally Posted by Mutt
something very immoral about those photos - you have a community there that to 95% of the world is the American dream - and it's a ghost town. surely it would be better to have people living in those homes even if they were only paying the utilities and a nominal rent, until a house is actually sold people shouldn't be forced out, as long as they take care of the property. even if they're jobless and on social assistance, better to have them in that community, so the remaining businesses get some of that money. this solution depicted in Rochard's photos serves NOBODY well. they now have home staging companies for a reason - an empty house is much harder to sell than a lived in home. who would choose to move into a neighborhood like that now, it's too depressing.
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You would never be able to get the freeloaders out when it was sold.
There are laws that protect them. Like stray cats.
Quote:
Originally Posted by Rochard
My point is this is an average town in the United States with nearly half the houses on vacant because they foreclosed, and businesses are going out of business left and right.
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I am sure I can expect an interesting answer. How did you come to the conclusion that Lincoln, CA was an example of the average town?
Quote:
Originally Posted by Elli
You know what's interesting? I was just talking to a mortgage broker yesterday. She said that banks right now in CANADA are looking to lend mortgage loans to entrepeneurs. That old requirement that you have 3 - 5 years of tax forms to prove your income if you're self employed? They don't care any more. If you've got enough gumption to strike out on your own, the banks LOVE THAT and want to get you into a mortgage.
Now, call me crazy, but that sounds like Canada's own version of a subprime / nodoc/l lowdoc crisis.
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Yep, sounds like what caused our problems.