European Tribune - Comments - LQD: housing price trends

LQD: housing price trends | 25 comments (25 topical, editorial, 0 hidden)

Re: LQD: housing price trends (4.00 / 3)

BTW, the ever-amusing Dmitry Orlov points out that things should get interesting when the market value of the scrap and fittings in these abandoned houses becomes comparable to their market value as real estate. He reckons a point will come where they turn into "anti-houses"... valuable only for their copper wiring, fixtures, etc.

The difference between theory and practise in practise ...

by DeAnander (de_at_daclarke_dot_org) on Sat Apr 5th, 2008 at 11:22:18 PM EST

Re: LQD: housing price trends (4.00 / 3)

There's already a fair bit of robbery going on for the copper and fixtures. (I'd guess there's usually two or three mentions of it in the local crime stats in the WaPo every week.) It's just a question of whether it becomes viable for the actual homeowners. I do think that kind of crime is going to rise quite a bit, because abandoned homes are going to become a lot more frequent as more and more people have negative equity and decide to just mail the keys in.

Can't happen in DC, though. We're different....

WHEEEEEEEEEEEEEEEEEEEEE!

by Drew J Jones (blahblahblah@blahblahblah.com) on Sat Apr 5th, 2008 at 11:52:20 PM EST
[ Parent ]

LQD: housing price trends | 25 comments (25 topical, 0 editorial, 0 hidden)

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