Growing Trend of Young People who Buy Foreclosed Homes for Investment »

Posted By altnrg 2 months ago in News

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Many young people across the country buy foreclosed homes for investment. Home prices have declined as much as 50 percent in the previous months.

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    orndorffter2 months ago

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    Good article alnrg, at least the young people are useing their heads and know what to invest into at this time.

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      earthlingerer2 months ago

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      True, young people are more likely to bite off more than they can chew, and often act hastily and based on emotions, not reason.

      But when you think that after a nominal investment, and waiting a short 4 months, you can begin making $10,000 per week growing marijuana in said house, maybe a lot of these young people who for some reason have the loose cash on hand to please mortgage bankers will do pretty well.

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        No2Bush2 months ago

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        O'Boy a whole new generation of Slum Lords...wait until they have to start doing maintenace on these houses that were never intended to be rentals.

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          carmenandy12 months ago

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          I applaud these young investors lets give them a break for their willingbness to do this instead of killing folk, or burning house down. Maybe when the time comes for real fixing up these homes they will have more appreciation for their parents who have worked sooo darn hard to keep a roof over thier heads hahahaaaa- Congratulations and blessing on all of you. Thats what America is built on taking a chance and make a good thing better.
          Carmen

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