The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: tejek who wrote (279786)	10/1/2010 10:22:58 AM
From: John Vosilla	Read Replies (1) of 306849

It is a big problem when you have such low values couple with very high costs to rehab so it just ain't feasible. Probably a bigger disconnect of market versus replacement cost than we've ever had before in places like Detroit and many communities down here in Florida on the back side of the stupid bubble that did some good but lots of bad.. A good idea would be tax credits dollar for dollar with a cap for rehabbing abandoned buildings in most depressed zip codes. Gentrification and high value, very prosperous adjoining hoods with quick access to jobs and entertainment as happened in NY, Boston, Chicago, San Francisco and Seattle probably won't be drivers to artists, visionaries and then real capital flowing to the adjoining less expensive communities in other places.

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