Jeff I own property and im educated, yes I understand property rights. Of course they need to sell them, but they cant Jeff. Do you pay ANY attention to home sales numbers and such? If you do at all you know they are at an ALL TIME LOW Jeff. Homes are not selling, while not impossible its not easy to get a mortgage as it was 10-15-20 years ago.
Are you really that concerned over BANK OWNED property? Have you considered that many of those same banks are a huge part of the reason our economy is fucked right now? What about teh fact that in reality, you and me and every other tax payer basically owns those homes. Remember WE paid for them with the bailouts?
You are somewhat correct in that getting a mortgage isnt impossible, but try selling a home right now. I just went through the process of selling, renting and then buying again. I sold just as the bubble started to burst. To be honest my selling was more for investment capital for the business, i had no idea the market was gonna shit the bed; i just got lucky. So we rented for a while and just finished buying a new home recently. I paid less than what I sold my previous home for and got twice the home and land. Prices are insanely low right now, I paid $48,000 under the properties assessed value
If youre selling a home JEff, and its surrounded by vacant properties, your home is gonna have a hard time selling and you probably wont get what its worth. Thats just common sense. As far as landlords go, I dont think this would have a massive impact on them. Rentals are at a high both in demand and prices Jeff. Home ownership is close to an all time low right now and the rental market is fierce because of it. That market can take somewhat of a hit and not be greatly compromised.