The untold story of the current real estate crisis …Shoddy construction.

Reblogger Maureen McCabe
Real Estate Agent with HER Realtors

"the current real estate crisis"

Thanks to Richard Weisser in Georgia for allowing his post about shoddy construction to be Re-Blogged... 

Village of Worthington sign Decisions, decisions, decisions.... where to post this?  Worthington Old and News?  about Worthington real estate?  Or Discover Columbus Ohio about Columbus Ohio real estate?  I'm going with Worthington Old and News... a community that has cherished and cared for the old homes over the years... yes there have been some foreclosures in Worthington, even Old Worthington in the past few years.   Not as many as in other parts of Central Ohio.

Historic homes

Not pointing any fingers at local builders or other communities including the city of Columbus ... there are some glorious old neighborhoods in the City of Columbus, Victorian Village, Old Towne East, German Village, Italian Village. In German Village, the brewery workers cottages remain today.  The shoddy construction of the Flytown neighborhood where other immigrants lived in the 1800s was replaced by 670 and the Arena District, I believe.  I have heard Flytown in Columbus got it's name because the houses there "flew up."  There was shoddy construction before.  It's gone.

the current real estate crisis 

The story of Worthington's growth or lack there of is a story of one real estate crisis after another.  The Worthington Historical Society has wonderful information about how the Village of Worthington was preserved by time.

 

Original content by Richard Weisser

Tract houses in Newnan GAOver the last few years, I have visited countless foreclosed homes. The majority of these homes were built in the last three decades.

And based on my personal experience, many of these houses suffer from incurable obsolescence. They simply need too much work to make them an affordable option for a purchaser.

In many cases, the scenario of the courthouse steps sale is not due to the loss of a job or the inability to pay. The homeowner simply needs to sell but the house is falling apart and nobody wants to buy it. The house has essentially outlived its useful life.

I live in a town where many historic homes are over a hundred years old. Some were even constructed before the Civil War. These houses were built to last for generations in an area conducive to every destructive element from termites to tornadoes.

On the other hand, the modern tract house was designed to be quick to construct, affordable, and temporary. They will NOT stand the test of time.

It’s the untold story of the collateral damage of the housing boom. And the solution may involve demolition.

And the implementation of a wave of new construction standards.

100 year old homes in Newnan Georgia have withstood the test of time

Follow Me on Twitter Follow Me on Facebook Lets get Linkedin My Outside Blog Watch my Videos on YouTube

All content, including text, original art, photographs and images, is the exclusive property of Coweta Fayette Real Estate, Inc., and may not be used without the expressed written permission of Coweta Fayette Real Estate Better Homes and Gardens Metro Brokers, Newnan Georgia. All information is believed to be accurate but is not warranted, Copyright 2003-2009. Richard Weisser REOS, E-Pro. licensed Auctioneer. 770-827-6225.
Learn more about Coweta County and Fayette County Georgia Real Estate, and to search the entire Georgia MLS for free with no registration required visit CowetaFayetteRealEstate.com! Photos of the Great Smoky Mountains National Park.

 

North Georgia Photos

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate General Information
Tags:
new construction
appraisal
old worthington

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainer
321,498
Jack Mossman - The Nines Team at Keller Williams in Lodi
The Nines Team at Keller Williams in Lodi - Lodi, CA
The Nines Team in Lodi

Maureen - I fear that this may be more right-on than we would like to admit.  When demand was so high ... quality seemed to suffer .... and now that these homes are "reselling" ... it's time to pay the piper!  Thanks for rebloging!

Jan 29, 2011 07:28 AM #1
Rainmaker
276,282
Tony Morganti
RE/MAX Crossroads in Cuyahoga Falls and Stow, Ohio - Cuyahoga Falls, OH
CRS, ABR, SRES - Cuyahoga Falls, Stow

Maureen - there is so much truth to this.  So much of what was built in recent years will not stand the test of time.  There is not nearly the quality of work that once was.  There is not pride in workmanship, either.  Sad, but true.

Jan 30, 2011 11:26 AM #2
Rainmaker
1,478,261
Maureen McCabe
HER Realtors - Columbus, OH
Columbus Ohio Real Estate

I have mixed feelings about this... we are a very affordable market in part because of builders competing on price. 

Thanks for the comments.

 

Jan 30, 2011 10:56 PM #3
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
1,478,261

Maureen McCabe

Columbus Ohio Real Estate
Ask me a question
*
*
*
*
Spam prevention

Additional Information