Here’s an Idea to Save the Real Estate Market: Voisinage Condos
Here’s my unsought input for you today. I live on a street with a lot of duplexes. It’s a nice neighborhood, the houses are in good shape, and generally speaking it looks like the sort of place you would like to live.
But not all the houses are owner-occupied like ours, and some owners are out-of-state investors who maybe care a little less about upkeep. Some of the residents are elderly and have a hard time with gardening and yard work. And with the huge subprime mortgage problem looming over the country, houses here and there are going into default and sitting neglected.
You’ve probably seen all the dramatic headlines about the Dow decline today, in part because of the weak housing market. Well, I’ve got an idea that will get the market up and running again. Okay, probably not, because I’m not a financial genius and I know relatively little about real estate. Still, I have an idea and thought I would share.