Filling empty homes
Sounds like a plan, but.
Yes folks there is always that infamous, but. Let's say a cluster of such homes is in a gang infested area? Who in their right mind would rent? Another major but, is the banks, Freddie, and Fanny are still "Liable" with insurance, maintenance, and property tax cost, unless a deal could be struck with the renter, which in-turn, raises rents to unaffordable levels, such cost must be assumed, or passed on. That appears to be the sticking point on why banks never considered such an approach. In reality, the cost is just to much for any entity too bear.
This is especially true with cities across the country, slashing services, and raising property taxes on its constituents.
Yep, sounds like a plan, but...
No comments:
Post a Comment