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Is it Me?
Quote:
Originally posted by Cletus Miller
In a lot of places, yes. There are several new condo buildings in Chicago where, a few months after the initial closings, about 30% of the units are listed for re-sale. Parts of Florida and Las Vegas are likely worse. No doubt, the foreclosures in Michigan ad Ohio aren't being driven by flippers.
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Most of the forclosures in my neighborhood have been one very crappily built building that went up about three years ago.
BTW, every city should have a real estate blog like Swamplot. It's great for keeping an eye on what's going on in your community.
ETA: Recent post on swamplot about forclosures and crappy new construction. With video!
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Last edited by Replaced_Texan; 12-14-2007 at 06:04 PM..
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