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The fix is ugly

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October 03, 2008 – Comments (9)

But at least the prices are getting dropped toward where they deserve to be. I don't have a lot of sympathy for anyone who borrows that much more than they can afford, then piles more debt on top of it, for Pier 1 crap, then ditches it all, including the kids' toys.

9 Comments – Post Your Own

#1) On October 03, 2008 at 9:27 AM, Zanibel17 (96.98) wrote:

I think this is the saddest thing I've ever seen.

For all my fellow Ron Paul fans: there is a homeowner with a Ron Paul Revolution sticker on his fridge at about 8:00 minutes in.  He's trying to keep making payments on a house he bought for $399,000 that's now worth $180,000.

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#2) On October 03, 2008 at 9:45 AM, ByrneShill (76.36) wrote:

180k for a nice house with a pool, not bad at all. Could probably be rented at a profit in the long term.

If it gets worse I might make a trip to california and see if I can buy a vacation/retirement home/condo while the loonie is high and the housing prices are low. The view from that foreclosed house is quite nice too.

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#3) On October 03, 2008 at 9:47 AM, ByrneShill (76.36) wrote:

180k for a nice house with a pool, not bad at all. Could probably be rented at a profit in the long term.

If it gets worse I might make a trip to california and see if I can buy a vacation/retirement home/condo while the loonie is high and the housing prices are low. The view from that foreclosed house is quite nice too.

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#4) On October 03, 2008 at 10:17 AM, FoolishChemist (97.18) wrote:

They really should make a better effort to hook up with charity.  Have their own truck and drop it off at the Salvation Army or something.

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#5) On October 03, 2008 at 11:00 AM, TMFBent (99.81) wrote:

Seems like there's a business waiting to happen out here, which is: Get paid to collect this "trash" from the trash-out companies. Charge less than dumping fees.

Pay folks to separate out the stuff that can be sold on eBay, on street corners, whatever for a nickel on the dollar.

Haul the remainder to the dump.

Heck, if you took the stuff free, the trash-out folks might make an effort to sort the absolute crap from the salvageable stuff, and maybe not break it all to pieces.

Sj

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#6) On October 03, 2008 at 11:01 AM, kdakota630 (29.64) wrote:

Wow.  Unbelievable.

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#7) On October 03, 2008 at 11:29 AM, Hoglum (88.04) wrote:

If I had a work policy of loot whatever I want, I'd show up every day in a U-Haul.

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#8) On October 03, 2008 at 12:37 PM, ByrneShill (76.36) wrote:

Not sure every house is filled with 50 inches TVs and nice stuff like the one in the video. I'm fairly certain you'd find a lot more crap than good stuff in there.

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#9) On October 03, 2008 at 2:15 PM, TMFBent (99.81) wrote:

I doubt that 50-inch didn't go home in someone's truck, but even the clothes are worth more than nothing. Guess it all depends on the usual ratio of crap to salvage. This particular house had to be a very rare specimen, that's for sure.

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