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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Les H who wrote (6037)10/14/2002 4:05:41 AM
From: stan_hughesRead Replies (1) | Respond to of 306849
 
These kind of real estate investors? ROTFLMAO, you just can't make this kind of stuff up -

Annie's Mailbox
--------------------------------------------------------------------------------

Kathy Mitchell and Marcy Sugar
Published October 13, 2002

Dear Annie: Two months ago, my husband and I put our house up for sale and decided to move. To our pleasant surprise, our home sold rather quickly. In fact, it sold so quickly our new home was not yet finished.

At closing, we informed the buyers that we still retained possession for 30 days and would need all of that time. They said they understood but followed us home from the bank and asked if they could come in and take a few measurements. Not wanting to spoil the moment, we obliged. They stayed about an hour. However, they came back the next day, asking to look around and measure. On the third day, they arrived with a work crew and began some work on the roof and started painting the exterior.

These people were at our home continuously over the next four weeks. They began storing things in our garage, and one time, we came home and found them hosting a cookout in our backyard. They tore down our children's first swing set, which made me cry. Their moving van was in our driveway the morning we moved out. We were tripping all over one another getting in and out of the house.

Annie, please print this for all new homeowners. Give the sellers their space -- they'll be out soon enough.

Signed . . .
-- Pushed Out of the Way in Kentucky

Dear Pushed Out: What colossal chutzpah! Where in the world were your real estate agent and attorney during this fiasco? You should have notified them immediately and made sure those aggressive new owners stayed away until you were out of the house. There was no reason for them to touch so much as a blade of grass. In an effort to be nice, you allowed them to walk all over you.

chicagotribune.com



To: Les H who wrote (6037)10/14/2002 12:03:45 PM
From: reaperRead Replies (1) | Respond to of 306849
 
dood, that article must be a joke; cannot be real. Glenn Hubbard wrote in an FT editorial last week that there is no real estate bubble, 'cause "behind any bubble is the hope that an investor can purchase an asset for one price and sell it quickly for a higher price". so who you gonna believe, some stupid reporter spreading biased anecdotal lies or the president's economist??

Cheers