There is plenty of finger pointing when it comes to the question of responsibility for the current housing crisis. And there is plenty of blame to go around.
But rarely is anything said about the decline in market values and the loss of equity that is the direct result of lack of maintenance or the failure to perform needed repairs. Many of these houses became unsellable simply because the occupants did not take any proactive action to protect their investment and the houses are literally falling apart.
And since they can't sell by conventional means, often these homes will eventually face foreclosure.
And often, severe damage is the result of a relatively inexpensive repair that was simply ignored as the problem escalated day by day to the status of “incurable.”
Often, a short list of weekend chores will easily address most minor maintenance issues. It does take time and a little effort and the recognition of responsibility for the condition of one’s own property.
The alternative is a house doomed to perish in the tsunami of foreclosure.
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