foreclosures: Buying Foreclosures and Karma
- 08/31/11 03:16 AM
Someone once said that buying a foreclosed home would create "bad" Karma. Losing your home and having to move must be incredibly difficult. To think that the buyer would benefit from someone else's loss seems somewhat immoral. On the other hand, I would think that fixing something that is broken would create "good" Karma for the universe. Thoughts? … (0 comments)
foreclosures: Say it isn't so...
- 08/31/11 02:35 AM
Henry Blodget from the Business Insider wrote that 31% of the nations securitzed loans are non-performing (in default). That just doesn't seem realistic. Does anyone have a better number? If not, then the sky is definitely falling. … (1 comments)
foreclosures: Home Buyers: Head vs. Heart
- 08/29/11 12:45 PM
Recently, I helped a young couple purchase a home. They told me they wanted a foreclosure so they could get the "instant equity" associated with a buying a distressed home. They said they were not afraid of doing some work, and gutting the place if needed. I showed them house after house, but couldn't find them anything they liked. After a little digging, I found out they had always lived in newer homes. But they had read that buying a fixer upper in an established neighborhood was the way to wealth. I realized that their head was telling them one thing, and their heart … (6 comments)
Someone once said that buying a foreclosed home would create "bad" Karma. Losing your home and having to move must be incredibly difficult. To think that the buyer would benefit from someone else's loss seems somewhat immoral. On the other hand, I would think that fixing something that is broken would create "good" Karma for the universe. Thoughts?
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