DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
6 comments:
Yeah keep buying them over priced cracker boxes.
When the price of homes went sky high,rent seemed to increase proportionately.People felt trapped into buying if they were eligible,and practically everyone was eligible.A lot of underwater homeowners now regret how easy they got a loan.Sometimes being refused is a good thing.
And in Crisfield, we were a different kind of underwater
To buy a lot, build a 1200 s.f. with attached garage, metered and landscaped today would cost $200k.
Why on earth can the "market" value those same units for sale at $100k or less?
It doesn't make any sense!
Kinda looks like the election map...
We've been saying the same thing 4:15. You can buy a house now for alot less than it would cost to build a comparable home. I believe the problem Delmarva is experiencing with underwater homeowners is the supply outweighs the demand which will not ever get better unless an increase in jobs happen in the area and no one expects that anytime soon.
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