The latest thing is to recommend that people look at foreclosed properties, hoping for a deal.
Oh yeah, a little thing about the foreclosed property market: People do crazy stuff to houses when they know they have to get out and won't make any money off of the place.
Ads for "as-is" and short sale homes showcase a blend of rage-destroyed, neglected, and sometimes uninhabitable properties. Most of them are more sad than my usual brand of campy fug, and can give a contractor or handyperson enough work to (maybe) ride out the recession.
Perhaps these places will be bought and restored by flippers or torn down by developers. Perhaps someone will buy them, lovingly fix them up and live in them. Who knows what the future holds for these homes?
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