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View Poll Results: Which one would you be most likely to buy?
North Las Vegas - 1600 sq ft - $79,000 12 14.29%
East English Village (Detroit) - 1500 sq ft - $15,900 2 2.38%
Royal Palm Beach, FL - 3 BR, 2 BA - $62,500 26 30.95%
Lawrenceville, GA (Atlanta Metro) - 3 BR, 2 BA - $67,500 2 2.38%
Park Meadow (Phoenix) - 3 BR, 2.5 Ba - $82,000 16 19.05%
West Lawn (Chicago) - 1400 sq ft - $64,900 3 3.57%
Lancaster, CA (LA Metro) - 5 BR, 3 BA - $154,900 9 10.71%
I would rather die tangled underneath a sofa bed than live in any of these places. 12 14.29%
I have a hard time making this type of decision. At least, I think I do. 2 2.38%
Voters: 84. You may not vote on this poll

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Old 03-03-2012, 12:45 PM  
Rain Man Rain Man is offline
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Steal this house - foreclosure neighborhoods

I'm presuming this isn't a DC thread, but I thought it was interesting. They show one house for sale in each of ten hard-hit housing markets.

Looking through them, which one would you buy if you were going to retire and had to buy one of them? Poll coming if I can only get the bank off my back.

http://money.cnn.com/galleries/2012/...mes/index.html
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Old 03-03-2012, 12:48 PM   #2
Count Zarth Count Zarth is offline
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Too bad this is in Detroit. I like brick.

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Old 03-03-2012, 12:49 PM   #3
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Definitely NOT the one in Detroit!
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Old 03-03-2012, 12:50 PM   #4
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Old 03-03-2012, 12:51 PM   #5
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Bought our house as a foreclosure. It was an absolute steal.

It needed a little TLC...nothing I had to hire-out to get done. When/If we buy again, I will def. check out the foreclosures first...
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Old 03-03-2012, 12:52 PM   #6
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Old 03-03-2012, 12:52 PM   #7
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I'd never choose to live east of the Mississippi or in California. I'd take Phoenix before Las Vegas.
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Old 03-03-2012, 12:57 PM   #8
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Quote:
Originally Posted by Satanic Goat View Post
Too bad this is in Detroit. I like brick.

I was trying to figure out if that's real brick or a veneer. Given the era of the house I'd lean toward real brick, but something about it doesn't look real.
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Old 03-03-2012, 01:01 PM   #9
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I'd never choose to live east of the Mississippi or in California. I'd take Phoenix before Las Vegas.
I'd have a very hard time living east of the river, too. I suspect there are places I'd like, but I'm ignorant about them.

I think the Vegas one seems like a screaming steal if you were going to live there. Even if not, if a dozen of us got together and formed a corporation, it seems like something like this would be a good speculative investment. Rent it out until the market recovers and then sell it.

If you want to live in LA, that Lancaster one seems like a deal, too.
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Old 03-03-2012, 01:01 PM   #10
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Quote:
Originally Posted by Rain Man View Post
I was trying to figure out if that's real brick or a veneer. Given the era of the house I'd lean toward real brick, but something about it doesn't look real.
It looks to me like some builder used all the various leftover brick from his previous dozen or so houses. I love brick but that is freaking ugly.
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Old 03-03-2012, 01:03 PM   #11
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Quote:
Originally Posted by Rain Man View Post
I'd have a very hard time living east of the river, too. I suspect there are places I'd like, but I'm ignorant about them.

I think the Vegas one seems like a screaming steal if you were going to live there. Even if not, if a dozen of us got together and formed a corporation, it seems like something like this would be a good speculative investment. Rent it out until the market recovers and then sell it.

If you want to live in LA, that Lancaster one seems like a deal, too.
I've been considering the corporation angle as well. There are never any guarantees, but it might be a good time to buy.
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Old 03-03-2012, 01:05 PM   #12
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And to answer the question, I suppose since we're talking about retirement where I could sit inside in the air conditioning all summer long I'd go Vegas. Yes, it's a desert shithole but it's fairly close to some very cool places. No way I'd go south or to the west coast.
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Old 03-03-2012, 01:07 PM   #13
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Quote:
Originally Posted by Rain Man View Post
I'd have a very hard time living east of the river, too. I suspect there are places I'd like, but I'm ignorant about them.

I think the Vegas one seems like a screaming steal if you were going to live there. Even if not, if a dozen of us got together and formed a corporation, it seems like something like this would be a good speculative investment. Rent it out until the market recovers and then sell it.

If you want to live in LA, that Lancaster one seems like a deal, too.
No one here is brave enough to move from their comfortable, uneventful lives to move to LA. It's OK, the world has to have a balance between winners and losers, and without lower class people like those that live around Kansas City and Missouri and aren't brave enough to venture somewhere real, we wouldn't have garbage people and the people that make shoes.[/DaneMcCloud]
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Old 03-03-2012, 01:11 PM   #14
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I'd sit tight on buying any foreclosure. The robo-signing fiasco that was recently resolved is going to dump a boat load of foreclosures on the market. They're expecting a minimum of another 10+% price reduction.
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Old 03-03-2012, 01:34 PM   #15
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Phoenix because there are a shit ton of old people who will look to retire in the south. My other thought was Florida, but why relocate and have to deal with Hurricanes.
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