Catch 22

With the number of foreclosures going up daily, companies that own apartments were looking to raise rents due to the influx of people needing a place to live after losing their home. (Nice isn't it? These folks are obviously broke, they've lost their house and now the landlord wants to gouge them.)

But now the landlords are finding that might not work so well. Because people who have rented for years are taking a look at the housing market and realizing they can buy for less than rent if they buy a foreclosure property. So the landlords are now in their own Catch 22. Waaa.


Although, I'm not convinced that is the case in CO where folks are still convinced they can get they same amount they would have last year, banks included. Wake up y'all.

Take for instance our old house. I see it's on the market for $210k. Ummm. I lived there y'all. And I took every last appliance with me when I left (Oven, fridge, washer/dryer, dishwasher even. Hey, the dishwasher was brand new). Sprinkler system doesn't work and there's no lawn because of it, unless you count the dandelions. HVAC system makes funny noises. Pillar out front is cracked & pulling away from the roof due to settling. Carpets are trashed and need replacing. And that's just part of it. That's why we left. There repairs needed were crazy. (Mind you this house was a fixer upper when we bought it, we didn't do most of the damage). So now they expect someone to plop down $210k plus at a guess around $40k for repairs and such? Yeah, Colorado folks are crazy.