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53 Comments
- inactive, on 05/27/2008, -1/+46I always wondered how people who made less money than me could afford a house while I still rented a one bedroom.
Idiots - Dumbledorito, on 05/27/2008, -0/+18I was listening to NPR this last weekend, and they were reporting on this kind of thing in Cleveland. Apparently, it's no longer druggies that are doing this, but pros who know how to use tools. They'll pull up in trucks, strip the homes and leave to sell the scrap they've "harvested." It's cheaper than mining it, and on the up side your home will now help China, India and Dubai with their explosive growth.
- WilliamDavis, on 05/27/2008, -1/+16This is a ***** article. The featured house has been vacant for several years, meaning it was also vancant during the boom. And wtf? "overgrown lawns infested with snakes??" Is that supposed to seem real or scary?
- inactive, on 05/27/2008, -1/+15Homeowners, easily.
Stealing ***** is one thing, but leaving behind your pet? What the ***** is the excuse for that?
Just another example of why these worthless ***** were the kind of ***** that should never have owned a house in the first place, decent people dont leave their dogs to die. - inactive, on 05/27/2008, -0/+12We got *****' snakes on a *****' lawn!
- inactive, on 05/27/2008, -1/+12What's sicker, the vandals stripping out the plumbing, or the homeowners who leave behind their pets to starve?
Horrible story all around. - dinobot, on 05/27/2008, -7/+18I'm sorry but am I supposed to feel sorry?
- teddyrux, on 05/27/2008, -1/+9I feel worst for the pets. You should feel some empathy if you are human, yes.
- inactive, on 05/27/2008, -1/+8I bet I make close to what you do, and I can easily afford the house I bought.
Try living outside of CA sometime, you will find lots of places with houses that arnt stupid expensive. - xero69, on 05/27/2008, -2/+8There should be laws against abandoning ANY animal to die of neglect in a foreclosed home. Oh wait, there already are animal abuse laws! So why are these laws not being enforced? Banks or contractors need to get in touch with local shelters and law enforcement to discourage this kind of cruelty.
- oatmeals, on 05/27/2008, -0/+6This is the reality of life. Many of these people lived way beyond their means. Let them serve as a reminder to all of us to adopt better spending and saving habits.
- inactive, on 05/27/2008, -3/+8Dont get your panties in a bunch, its not exactly that bad.
A few areas are having problems because houses were vastly overpriced (like CA and FL), and for some reason these same places seem to attract a lot of ***** idiots.
Most of the country is just fine. - snotrokit, on 05/27/2008, -0/+4on another front, if the job market craps out, this could be a good career for a few years to make ends meet.
- Kenzan, on 05/27/2008, -2/+6"family dogs left behind to starve."
Damn, that's cold-blooded. - dislexicllama, on 05/27/2008, -0/+4I work in property insurance and have seen some pretty decrepit places, but they are always inhabited.. Something like this must be unreal, to be trudging along in the wake of someone's life.
It's a shame, and an unfortunate reality, but a reality nonetheless. - yunus, on 05/27/2008, -0/+4I feel sorry for the neighbors that pay their bills on time and didn't buy a house they couldn't afford. Their property values drop from the stupidity of others.
- anillop, on 05/27/2008, -1/+5Well they never should have borrowed money they couldn't pay back. Just like the bank shouldn't have lent it to them in the first place. People don't like to admit it but this whole thing was everyones fault and frankly no one should get bailed out because they made stupid decisions. We are all grown ups and if you want to play with the big kids you have to educate yourself and make sound decisions.
- crapmatic, on 05/27/2008, -0/+3A friend just outside of Austin said several vacant houses on their rural road had the wiring stripped out this month. Everyone likes to say it's for the raw copper, but I have a sneaking suspicion that it's done by deadbeat electric contractors trying to survive in the tough residential construction market. Go to Lowes and look at the price on 100 feet of standard 12-gauge NM wire.... I wouldn't want to be buying that stuff.
- Barackalypse, on 05/28/2008, -0/+3"family dogs left behind to starve"
If you need any proof that these are truly irresponsible people who deserve zero help from the rest of us, here it is. If you have that little respect for the life of your family pet and the safety of the neighbors by leaving dogs to run feral, you don't deserve any sympathy. Rot in hell scum. - form3hide, on 05/27/2008, -0/+3Well, owning a house through a mortgage is a risk. But it's a risk many take, and a risk that many succeed with. I wouldn't consider people idiots for taking a risk. But if they knew they couldn't afford a mortgage when going into buying the house, then that's just pretty idiotic.
- kingdomdude, on 05/27/2008, -0/+3Well at least he was only missing ONE copper pipe.
- Chakat, on 05/28/2008, -0/+2@troye: San Diego. Summers in the mid-80s at most. Plus a 15 minute trip from the beach.
- pstroll, on 05/27/2008, -1/+3The only reason the lenders are still holding these shacks is to claim them as assets and use the bubble era appraised values to prop up their books. Reality is that many of these homes are gutted shells and would cost more to renovate than tearing down and rebuilding.
- dinobot, on 05/28/2008, -0/+2Yeah, I shoulda have mentioned I do feel sorry for the pets - but I don't feel sorry for the contractors, the home builders and the banks - and actually I wish the stupid homeowners that got into the mess in the first place would DIAF
- drplump, on 05/27/2008, -0/+2I live in Florida and this seems like an interesting job only I have no idea what to look for in the hiring section what would it be called? Whenever I am at the scrap place I see people taking in brand new copper and such there is literally no regulation on it in Florida. People who are leaving pets to die are scum.
- Dumbledorito, on 05/27/2008, -0/+2Why not both? Contractors could be buying from shady dealers who strip houses; it's much easier than getting your hands dirty yourself...
- qetuo, on 05/27/2008, -0/+2How could you leave your animals, where is your compassion, love etc. etc. for these creatures?
- inactive, on 05/27/2008, -1/+3This isn't the free market's fault, this is total lack of oversight during a boom plus record-low lending rates thanks to the geniuses at the Fed.
- qetuo, on 05/27/2008, -0/+2I can't understand how you could leave your pets, i would not be able to live with my self, i would explore every single option to keeping my pets and then if i had to i would try my up most best to find good homes for theme with people i trust to look after theme.
When you take on a pet, you take on a life time responsibilities, that can not be forgotten about just because times are bad. - ashfish, on 05/27/2008, -0/+1Look for work with general contractors, they normally will be requesting manual/physical laborers, and/or skilled craftsmen (dunno if you have to be in a union or anything in FL).
- StickWST, on 05/27/2008, -1/+2As a teenager. I do not yet need to care about real estate. A couple years ago an "abandoned" house around my area became a target of my friend groups exploration. Its fun. This house was mad creepy, it had this in ground swimming pool that was giving way to nature, half destroyed and overgrown.
We climbed in the house through a window, and the only contents other than the kitchen, were candles on the floor, and a single Michael Jackson poster. We fooled around, some ***** dudes with us started breaking everything, kinda dumb. It looked like the family had attempted to burn down the house, the basement was terribly burnt
We got caught by neighbors, and the contractor who decided to buy the house "punished" us by giving us sledgehammers and crowbars and told us to start demolishing. Great times. - X9001, on 05/27/2008, -0/+1I have a similar story, good times...
- korvan504521, on 05/27/2008, -0/+1I bet a lot of these were winter or vacation homes though. And how many of the forgotten pets were just strays that took up residence.
hard to imagine anyone just dumping their dog. =/ - mobislink, on 05/30/2008, -0/+1Your correct. There is no problem.
http://www.startribune.com/local/16731556.html - qetuo, on 05/27/2008, -0/+1Animals should never take a low priority, where i am from, people run into there burning house to save there animals.
- mabhatter, on 05/28/2008, -0/+1realize that almost all rentals are now part of the mortgage problem as well. It used to be you'd be renting from a "paid off" house but nowdays most apartments are financed for nearly as much as a house. So most renters are simply paying somebody else's morgage plus upkeep fees, so owning a house can actually be more efficient.
- Synchro, on 05/28/2008, -1/+2And how is the company supposed to know each and every story of every single person who got themselves into trouble? Many of the companies are trying to work with people. One thing you have to realize is that mortgage companies and the other companies that service loans are simply not set up to handle the kind of load of forclosures that are out there. Many have no process for doing it in the volume that is out there. Heck for mortgage service companies (the ones that actually collect the money and send out notices on behalf of the holder of the mortgage) have incentives in place NOT to help out people. It took many of these companies YEARS to develop a process to effectively deal with the volume of loan applications during the boom and it will take a while to develop processes to effectively deal with the volume of foreclosures during the bust.....yet there is no real incentive to deal with the bust as there was with the boom.
BTW, I find your statement kind of ironic considering your name on digg is a misspelling of a word that means "wishing evil or harm to another or others; showing ill will; ill-disposed; malicious" - Skooma714, on 05/27/2008, -1/+1The Federal Reserve central bank is a shining example of the free market.
- inactive, on 05/27/2008, -1/+1Michael Vick unavailable for comment.
- qetuo, on 05/27/2008, -1/+1You are so right, you don't leave theme!
- Malevolant, on 05/28/2008, -1/+1Why is it better to bolt up a house, kick out a family, and let a house rot, rather than work something out to let the family keep the house? Why is making a family homeless the answer? When the house is abandoned and left to rot, who exactly wins? I can see booting those who never had any intention of paying, but not those who are trying their best, to keep their house. Is writing something off really the best we can do to help our fellow Americans?
- Pinkertinkle, on 05/27/2008, -2/+2I'd love to research the disgusting new life forms growing in those abandoned swimming-cesspools.
- kd1s, on 05/28/2008, -1/+1And as the article points out, it's going to get worse. We're heading into a depression folks, mark my words.
- mobislink, on 05/27/2008, -2/+2This is a scary situation for home owners. Our American neighborhoods are changing for the worse.
- vbhamidipaty, on 05/29/2008, -0/+0There are 2 aspects on this scenario,
a) Environmentally they are doing good.
b) It is definitely hurting the economy.
" A very close friend of mine who works in Fannie Mae (Federal National Mortgage Association (Fannie Mae) is engaged in providing funds to mortgage lenders through its purchases of mortgage assets, and issuing and guaranteeing mortgage-related securities that facilitate the flow of additional funds into the mortgage market.) shared this information - They've made huge contracts with Sears on the house hold items in Foreclosure houses. Even though if they run under loss for 7 yrs .. Fed will save them with additional reserves available.
VJ
http://sroutman.blogspot.com/ - yenta4shop, on 09/05/2008, -0/+0http://www.yenta4shop.co.uk/
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http://astore.amazon.com/vuarnet.sunglasses.online ... - troye, on 05/28/2008, -2/+1150 degree summers
- t1m0j5, on 05/27/2008, -3/+1Actually, you are supposed to feel all warm and fuzzy.
- Duncan3, on 05/27/2008, -4/+2Poor banks, losing all that money they loaned homeless people to buy houses. The homeless people still get to live there tho, so it's a win for them. And China gets lots of scrap metal to build junk for the pre-homeless people to fill their houses with.
Soon everyone will be poor in America, so it's a good thing life is so great for the homeless! -
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