07-10-2008, 04:27 AM
quote:
Originally posted by Hotzcatz
My youngest brother is buying properties in Kansas City, rehabbing them and then doing "rent-to-own" with them. So far he's bought, fixed and rented two. This is since last summer. He is really particular about which properties he buys. He says there is another auction next week for over a hundred different properties. At the last auction there were several where the bidding opened at $1,500 and there were no takers. He also said there are several entire city blocks that have been razed flat since the houses in them were foreclosed on and weren't re-sellable after the looters got through with them.
I think we've just begun to see the free falling.
I live in Kansas City and am not aware of this. What part of town is this happening in?
Puna: Our roosters crow first