Mrcauser’s Weblog

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AH the good old days……

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Wait until it dawns on people that all the Blue states are bust and Democrats are in charge, and have been, then let’s see if OB can survive. He’ll be busy taking care of all those broke dick voters. Union bosses, bureaucrats, and various ass kissers.

Need more small oil producing countries to pay for this. No problem!

Tax cuts for everyone. Free tax credits. Debt moratoriums.

Everybody join a union or else! All radio and TV stations get in line and no more government bashing if you want your check.

Yes! let the good times roll.

Can’t wait to buy one  or two of these beauties.

Radical cheap: $1,000 homes – Jan. 8, 2009

NEW YORK (CNNMoney.com) — The real estate market is so awful that buyers are now scooping up homes for as little as $1,000.

There are 18 listings in Flint, Mich., for under $3,000, according to Realtor.com. There are 22 in Indianapolis, 46 in Cleveland and a whopping 709 in Detroit. All of these communities have been hit hard by foreclosures, and most of these homes are being sold by the lenders that repossessed them.

“Foreclosures have turned banks into property management companies,” said Heather Fernandez, a spokeswoman for Trulia.com, the real estate Web site. “And it’s often cheaper for them to give these homes away rather than try to get market value for them.”

In Detroit for instance, Century 21 Villa owner Randy Eissa has a three-bedroom, one-bath bungalow of about 1,000 square feet listed at just $500. It’s a nice place with lots of light, but it needs a total rehabilitation inside, which Eissa estimates will cost between $15,000 and $20,000. But that’s not bad, considering that the home last sold for $72,000 in late 2007, according to Zillow.com.

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Written by mrcauser

January 15, 2009 at 10:08 pm

Posted in Uncategorized

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