For areas now experiencing high levels of foreclosures, here’s a great instructional video from the city of Dayton– How to make boarded up properties look less like they are boarded up.
Who knew that homes could be boarded up so tastefully?
Mish's Global Economic Analysis
Bubble Meter
Ohio Fraudclosure
UK House Bubble
Northern Virginia Housing Bubble Fallout
Breaking News Relevant Articles© Copyright 2012 Housing Doom | Copyright© 2011, AuthentiCraft, Inc.
lipstick on a pig……..
Entropy-
Yeah, but I bet the lipstick business is going to be good for awhile!
At least the City of Dayton is still solvent. Check out how the housing market has contributed to this city filing bankruptcy:
http://www.foreclosureexpert.info/2008/05/declining-home.html
Today’s news: Standard and Poors says that defaults are still INCREASING. So much for the crisis being over with!
I forgot to include the link. Here it is:
http://biz.yahoo.com/ap/080522/s_p_delinquencies.html?.v=1
@foreclosure_expert
Vallejo was going to be screwed even without the housing collapse. Check out . 261 city workers (mostly fire and police) make $100,000-$199,999 a year. 28 city workers (22 of them in the fire department) make $200,000-$299,999 a year. And I don’t think that includes benefits/pensions. The city council claimed 74% of the general fund went to salaries. Firefighting and police are tough jobs, but you better be some sort of superhero to make $200k/year as one. And 22 of them making that much? That’s just stupid crazy.
We were doing this 20 years ago when I was working property disposition for the RTC. We used mostly painted window panels since they could be moved from house to house. Oh, and mowed the lawn. Once a week was mandatory. The painted boards were more than just cosmetic, they kept the crackheads out of the houses because they thought they were occupied.
Three years ago an associate of mine installed hurricane panels instead of just plywood boards (we are in FL) and sold the repos with the panels as a feature.:)
Lipstick on a pig-now that’s the ticket! Florida bills them as storm shutters, here in Arizona we could use those painted boards and call them dust barriers, or super duty sun shades…I like it!
super duty sun shades…….love it!!! goin to home depot right now!!! (i’ll list them as 100% uv ray protectant windows)
Interesting article on “Megabubble awaiting new president in 2009″:
…..
“the use of deceptive statistics has played its own vital role in convincing many Americans that the U.S. economy is stronger, fairer, more productive, more dominant, and richer with opportunity than it really is. The corruption has tainted the very measures that most shape public perception of the economy,” especially three key numbers, CPI, GDP and monthly unemployment statistics.
…..
“Based on the criteria in place a quarter century ago, today’s U.S. unemployment rate is somewhere between 9% and 12%; the inflation rate is as high as 7% or even 10%; economics growth since the recession of 2001 has been mediocre, despite the surge in wealth and incomes of the superrich
…..
The biggest of all lies is with inflation. Understating inflation “hangs over our heads like a guillotine,” says Phillips. Yet if Washington told us the truth “it would send interest rates climbing and thereby would endanger the viability of the massive buildup of public and private debt (from less than $11 trillion in 1987 to $49 trillion last year) that props up the American Economy.” So we keep sipping the Kool-Aid.
…..
http://www.marketwatch.com/news/story/governments-numbers-racket-about-blow/story.aspx?guid={F91A0843-69B4-4C0C-92CE-B835D9907945}&dist=MostReadHome
Sorry twist but as stupid as it sounds it actually creates a better feel in the neighborhood. You just have to see it at driving speed. The Bronx were loaded with these kinds of painted window neighborhoods, you had to look closely at driving speed to see they were empty buildings. Now they are making millions for the landlords.
(caveat: These results may vary from neighborhood to neighborhood. A neighborhood may need another NCR to boost local economy etc.)
Metro-
I don’t disagree with the idea of making the boards attractive. Nothing screams “crack house” like bare plywood.
I saw that video and thought I’d give it wider exposure- I think there are newer sunbelt communities that could use a few pointers in this area. : )