david p

I own the house next to me and I want to tear it down. The house isn't worth re-habing but all the scrap value is still in there, which is almost unheard of in this neighborhood. How much value would you say was in there in copper and such.

I've heard so much about record high forclosure rates and mortgage companies taking record high loses, but where have those people gone? Are they all renters now owing their soul to the company store? Are they homeless and on the streets? Are they taking State and Federal aid to stay out of the red? Its a massive chunk of the population that has suffered a forclosure due to the inability to pay their mortgage, no doubt due to higher unemployment rates, higher interest rates and an overall weaker economy. But, what are these people doing now? With homesteads on a steady decline, should I start buying these bank owned homes and become a landlord?