Nanny Goats Soap Box
boy, you sure got up cranky.
Nanny, Just putting in your place. Enjoy this post and agree so much. When I worked in property management there would be people who had credit scores that were okay at best buying homes because after all they could pay the same amount for the mortgage as rent. They didn't want to hear about maintenance, insurance, utilities, etc.
I also remember how hard I worked to keep my Oregon McMansion and was too tired and stressed to enjoy. But for once I was on the right end of selling if not buying.
Big piece on Elk Grove in Time magazine, 100 Most Influential People issue. Not news to you, maybe.
Onedia - I envy you. We had a McMansion for a whole year, then took a whole year to sell it, taking it in the shorts. We bought high and sold low. We'd be a lot better off financially if we'd done the zero down payment thing, and walked away like some people we know, but instead we lost the huge down payment we did put in. So, you know, I'm not upset about it or anything. But right now, my grapes are sour and I'm vowing to never buy another house as long as I live. We'll see how long that attitude lasts though.
Well, I did that also in San Diego . Bought in 1988 then started to try to sell in 93 and finally sold in late 94 at a considerable loss. So, my little yellow house is just great as there is plenty left after the payment and we did it on a no down which has been so since that San Diego house.
Ugh! We had a nextdoor neighbor who did that very thing you speak of... bought a house she had no business buying, rented out every room to an assortment of thugs, then when she was foreclosed on she vandalized the crap out of the house and left us with the eyesore. It took a year to sell the damned thing and now we finally have neighbors that we enjoy. I could strangle the people that do this. Grrrrrrr!
floridian - I found the story on Time.com you mentioned. The neighborhood association that they refer to (FRNA) was our neighborhood and I had joined the group, although we bailed out of the area shortly thereafter.
Hey, y'all--I'm the treasurer of that there FRNA. And Steph--she used to be the Veep. We know blight when we sees it.
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