Comments: Live Rent / Mortgage Free for Three Years or More!
Nothing is more damaging to a property or a neighborhood than leaving it unoccupied. The money men have finally figured out that is is cheaper to keep 'em than to let them go for thirty cents on the dollar, if not less. And it is hoped the end of foreclosure selling will give a floor to the market, suppporting their incredible underwater inventory instead of driving it further down. They were cutting their own throats by not going all one way or all the other.
All in all, if they were not smart enough to not get into this, they are not smart enough to get out.
Posted by james wilson at May 17, 2012 1:22 PM