patrick.net

I know someone in Florida who said that there are an awful lot of single family houses that hadn't sold now being occupied by multiple people with multiple vehicles. What is that about? Aren't there occupancy laws if not relatives? I am talking a GOOD waterfront area not a ghetto. WTF is THAT about?

This is common practice... and I appraise in the Bay Area... some in the Monterey County area as well.... (South San Fran to Monterey..)... You would be shocked at what I have seen.. and reported, BTW.. the lender's don't seem to want to acknowledge that. This is the number one reason why I carry a different tool these days... Just say'in...

Yet another sad consequence of the Fed propping up house prices ("helping homeowners") and the endless failed drug war. Advocates and apologists for those policies talk about the dubious horrors that they claim to be preventing, but they fail to acknowledge the obvious consequences that they are actually causing. Overpriced houses stand empty, where they attract crime. Illegal chemical manufacturing operations need a place to hide, where they evade the "drug war" and environmental regulation, so of course they move into empty houses. People can't afford a place to live because house prices are propped up above what income levels would support, so those people feel depressed and are more likely to use drugs (either toxic Rx drugs that make things worse, or illegal drugs that also make things worse). The predictable result in this case: another house that stood empty, got turned into a meth lab, ruined by toxic waste, now it may need to be torn down. "We're from the Fed, we're here to help homeowners."