Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: coug who wrote (175217)	1/6/2009 2:03:11 PM
From: GraceZ	Read Replies (2) \| Respond to of 306849

I don't have a problem with helping people, I do it on a daily basis. What matters is that the help doesn't work to prolong the very circumstance that it was intended to eliminate. Around here HFH frequently builds cheap low end housing for people in places where there is usually a large existing stock of far better built older houses that could be rehabilitated. I've seen any number of their projects in my area and five years down the line look exactly like the slums and rental "projects" they were intended to replace. Whereas several other non-profit organisations in the area who help people rehabilitate existing housing tend to turn around blight as they end up attracting private investors who try to piggy back on their efforts. We invested many years ago in such an area and it was one of the best investments we ever made. When we bought in you had a hard time giving away the houses but between people like us who invested, the non-profit that worked to help individuals and families rehabilitate and those who fixed up the houses to live in the area changed from blighted to a highly desirable place to live.