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Economy - Good News or Bad?

Posted Sep 11 2009 2:12pm
You know, all this talk about the economy, and the trouble that the banks are having. Really, they've brought it on themselves. Now that they've gotten themselves into this mess, we're going to have to save them. That provokes me to no end. Our bank called us a couple days ago to see if we wanted more credit. No, we told them. Isn't that what got us all into this pickle? Too much credit? But I'm starting to rant.

This is our latest acquistion. It's old. Big.

It has three very cool bathrooms. Ignore the green stickers. That just indicates that the place has been winterized, so that water will not freeze in the pipes and explode if the place stood empty and unheated over the winter.



The place has all sorts of built in cupboards and cubbies, and neat things, as old historic homes are wont to have. We even found a secret compartment behind the fireplace.

It was empty. No treasure.

Damn.


Unlike most repos, someone loved this house a lot. It is very well cared for, but dated. It needs new appliances, and it needs some updating, new wallpaper, kitchen countertops, etc, but all in all, this is a beautiful home, and is two separate rental units. Each apartment has one bedroom and an office/den, as well as the bathrooms, kitchen, living room, and dining room, so they are spacious units.
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Tim thinks that the fact that you can buy homes like this for $20,000 is just excellent. I think that the fact that you can buy homes like this for $20,000 is kind of scary.
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