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Destroying Real Estate?

BrianPersaud

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Sep 27, 2007
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Check out this video


It has come to this in real estate in the US...where the economic fundamentals in some neighborhoods are at a point where it makes more sense to destroy a subdivision than it was to actually find a buyer.

I went to Rochester and I was amazed to see that jobs were leaving faster than people were. Imagine a place that nothing real big has happened before the 50`s. The place is dead...33% of all buildings in some neighborhoods are abandoned (I get emails from folks selling real estate in these neighborhoods, I blogged about my research here).

According to Wikipedia there are 123,833 homeless people in the States.

Something to think about

Cheers
 
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