Turn Real Estate Situation Around

By
Real Estate Agent with Watson Realty Corp.

Freeze on foreclosures, and offer New Home Builder's government incentives to purchase foreclosures/short sales and renovate, update, remodel, with green and energy saving materials and solar production.  This would deplete abundant foreclosure properties depressing neighborhoods, reduce urban sprawl, make homes more energy efficient and less of a drain on power sources, and provide these efficient homes to consumers that would cost less to maintain and reduce burden of other aspects of economy that are increasing.  These homes within the urban core would decrease travel time and gas usage also.

Comments (5)

Jack Loughborough
PrimeLending, A PlainsCapital Co - Austin, TX
Mortgage Loans Without The Obstacles

Awesome Idea.  You should contact your local congressman about this.

Aug 01, 2008 05:09 AM
Travis Newton
Salem and Bend Oregon FHA, VA & USDA 503.931.4490 - Salem, OR
FHA, USDA, VA, LOAN EXPERT - Salem OR Homes For Heroes SALEM OREGON

I think that's a fantastic idea....Somthing needs to be done....and soon

 

 

Aug 01, 2008 05:10 AM
Evelyn Panning
Property Connections Realty Inc. - Alturas, CA

Ok, and if most folks just realized that we are going through a cyclical pattern and didn't over react to "the sky is falling" mentality, then perhaps the problem doesn't have to be as bad.  Some of what we are experiencing is perception becoming a self fulfilling prophecy. ~Evelyn

Aug 01, 2008 05:10 AM
Aaron Fox
Century 21 Looking Glass - Grand Ledge, MI
e-PRO

Jim, I agree. A problem I am encountering in my area is that buyers are able to qualify but the homes are not. Majority of the homes are foreclosures, the banks won't do repairs, the lender wont lend the money and the buyers can't add the added expense of a 203k loan. That leaves investors buying the homes and flipping them. Very frustrating but signs of the times.

Aug 01, 2008 05:15 AM
Kevin Pierce
Cascade Builder Services - Tacoma, WA
New Construction Warranty Management

Builder's here difinitely need some government incentives.  I use to work for many new construction builders throughout my area and A LOT of them are ready to throw their hands up and call it quits.  Any kind of new angle/law could possibly help a great deal.  Great idea!

Aug 01, 2008 05:23 AM