4 ms·
There’s also the reality that unoccupied homes rot from the inside out. It turns a traditionally appreciative asset quickly into a depreciating asset that, when
by croutonwagon 5y ago
There’s also the reality that unoccupied homes rot from the inside out. It turns a traditionally appreciative asset quickly into a depreciating asset that, when looking at Zillow, also creates a bit of a market trend since comps are also common in pricing a house.
Banks had this same issue with the foreclosure issues following 2008. And it was largely why some just….didn’t forclose or in other cases struck deals to allow the previous owner to stay on temp basis.