Wow- "homes owned by poor people should not be worth 800K.."
Why not? Many of those "poor" people have lived in, cared for and worked hard to pay off their mortgage for those homes and if the market and their value is fairly appraised at such then so be it..regardless of how "poor" we may see them to be.
Anyway- my heart does go out to Bedsty- I have lived and loved this community all of my life (even upon my relocation to Atlanta in search of a neighborhood with a "Brooklyn" feel but more affordable housing)..
While I agree that the prices should return back to being a bit more realistic I do hope neighborhoods of color rebound and finally received the recognition and value appreciation they deserve.
Wow- "homes owned by poor people should not be worth 800K.."
Why not? Many of those "poor" people have lived in, cared for and worked hard to pay off their mortgage for those homes and if the market and their value is fairly appraised at such then so be it..regardless of how "poor" we may see them to be.
Anyway- my heart does go out to Bedsty- I have lived and loved this community all of my life (even upon my relocation to Atlanta in search of a neighborhood with a "Brooklyn" feel but more affordable housing)..
While I agree that the prices should return back to being a bit more realistic I do hope neighborhoods of color rebound and finally received the recognition and value appreciation they deserve.
Posted by: NiaKnowles at October 23, 2007 10:46 AM in response to Grim Perspective on Mortgage Crisis in Poor Nabes