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cost of foreclosure vs death.. forgive the macabre

Started by Riversider
over 15 years ago
Posts: 13572
Member since: Apr 2009
Discussion about
http://www.housingwire.com/2010/07/26/mit-harvard-study-foreclosure-drops-house-value-by-27 A foreclosure reduces the value of a house by 27%, on average, and accounts for a much steeper price drop than other forced sales, according to a study by an Massachusetts Institute of Technology (MIT) economist and two Harvard University researchers. In comparison, when a house is sold after the death of an owner, the price drops 5% to 7% on average. When an owner declares bankruptcy, the value sinks 3%, according to the report. http://econ-www.mit.edu/files/3914
Response by conradcounty
over 15 years ago
Posts: 124
Member since: Jul 2010

columbiacounty ,you seem upset. Is it because aboutready wished us farewell? Conveniently timed the morning she was going on vacation?

She'll be back. She wished streeteasy farewell two years ago. Jsmith posted the link to her farewell, didn't you see it?

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Response by conradcounty
over 15 years ago
Posts: 124
Member since: Jul 2010

jsmith9005
about 11 hours ago
ignore this person
report abuse I think I've heard this before - http://streeteasy.com/nyc/talk/discussion/2496-the-sky-is-falling
Who wants to take an over/under that she posts again within 3 months?

aboutready
about 2 years ago
ignore this person
report abuse I'm sure a number of you will be happy to see my departure (although Spunky, I will truly miss you) but I have found a number of real estate blogs where I don't even feel compelled to post very often, because I agree generally with what's being said (and they're run by real estate brokers, no less.) I'm sure that nervous habit, or excessive boredom, will cause me to check in once in awhile (particularly about specific buildings I might be interested in), but generally I find you guys to be storks with your heads so stuck in the sand its gotta cause some major itching.

New York IS different, just not THAT much. Bye, and good luck.

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