Comments on: Cheaper To Tear Down New Homes Than Sell Them

By: Cathy_Colorado

Cathy_Colorado — Tue, 15 Dec 2009 16:57:53 +0000

I also saw that one. So horrible. I really can’t take it when I saw houses that are demolished. Though if we literally based it in business, yeah, it is cheaper alternative to completing and selling them but it’s just really devastating to see homes being torn down.

By: Jerry Wilkins

Jerry Wilkins — Fri, 17 Jul 2009 13:43:09 +0000

Only a Banker or a government official, or a member of congress, or the president could come up with something this stupid. These assets will sell. They will sell quick if they gather it all together and sell it at auction for cash “as is where is” the cash will come from all over and the losses will be transfered to someone who will have a vested interest in improving the property and try to seek a profit instead of letting it sit there. The key is stop the loss now, and let the free market work. People will go to work, stores will sell inventory,taxes will be paid and the true bottom will be established. Eventually with time the values will go up,and tax payers will not be ultimately responsible for the scam of the developers, bank, and mortgage companies helped out by the government. Of course it will be a big loss to the bank BUT they are losing anyway and this will be a smaller loss. Not even the government with Trillion’s of $ can prop up the real estate market. Bankers, Politicians and the public in general need to figure out that real estate does not always go up in value. This lesson was taught in the 80’s & 90’s and not one person learned it. We would not be here today if the bankers and government had any sense and just said no. If the government does not get out of the way, accept the enivetable losses and let the bankers fail and learn their lesson we will be in this quagmire for the next 20 years.

By: Tenant Screening

Tenant Screening — Wed, 06 May 2009 12:42:59 +0000

It’s this type of waste that got our economy into the downward spiral it’s in today. I so hope we as a society learn from our mistakes otherwise I fear for what our kids are going to live through.

By: Colorado Springs Real Estate by Kathy Torline

Colorado Springs Real Estate by Kathy Torline — Wed, 06 May 2009 11:42:16 +0000

I saw the footage yesterday on the homes being torn down. It does seem like a waste. We also have some developments that were only partially finished here in the Colorado Springs area, then they were foreclosured on. Most of these developments have now been taken over and are in the process of being finished up.

By: Portland Real Estate

Portland Real Estate — Tue, 05 May 2009 20:14:19 +0000

What a horrendous waste! Maybe they should not start a project that is only half funded and half thought out! What kind of environmental impact is this going to have? Completely clearing out natural land to build something on it, then tear it back down again? This really makes me sad.