A peek at the Perdue's home

I know our project in Fort Myers is worse than that. Beazer built Magnolia lakes and 55% of the homes have foreclosed and more in the waiting. 20% more were owned by bankrupt investors. Turns out the whole project was a fraud. One investor through Beazer Mortgage owned 20 out of 116 homes who defaulted days after the closeout and turnover of the project to the home owners. I talked to one sales person after they left and Beazer was suprised they got away with it and closed up and left the area. I asked before buying on the number of investment homes and was told by the GM less than 10 were investor bought. turned out 25% were investor owned and 30% were people who never had a hope of paying as they were already behind in the mortgages 10% never moved in or open the doors and heard rumors that beazer shadow bought the homes to close it out and skip town.

hi is anyone know what will cost me to open an sales office for my project in brooklyn new york it is 58 units

I want to know who my neighbors are! Are those principal homeowners drug dealers, child molesters, noisemakers, don't recycle, etc. Hey, what about all those principal homeowners that are renting their homes? Only in the liquor and landlord business is the business owner responsible for others actions. But try to actually evict someone because they are dealing drugs on your property (or any other reason for that matter) - the feds can likely seize your property before the tenant can be evicted. All those lower income renters in Baltimore County that lost their leases because the properties were sold to be upgraded probably wish the free market had been left in place.

I think condos are a good idea...the sunsets are beautiful, and there are a lot of crappy houses that need to be torn down in the neighborhood...they say "No Condos" I say "No Crappy Shacks"

absolutely untrue. A typical sunset home currently generate $4000 in rents (2500 +1500 in law). It has some of the best rent to price ratio in the city.

we need more rental units, not more pied-a-terre's make it mandatory to start new multi-unit buildings with initial rents at 1200 for a 1 bedroom etc. and only allow increases per rent control, even when people move out, max 10% increase per year, so we have a staple of rental units, and not the mortgage crisis we see and as renter's dont want to be a part of....

The free-market has brought us a failed ENRON, expensive, MANAGED HEALTH CARE, bankrupting ENERGY CRISES, exhorbitant GAS PRICES, thousands of jobs lost in the AIRLINE INDUSTRY, and the list goes on. Enough already about the wonders of a free market.

it may be a quiet and breezy neighborhood in the sunset, but there are slum lords in the area who collect rent and leave the premises to dump. there are secrets in one of the wealthiest areas of the city.

We don't need a nanny state or county. Market forces can take care of rental properties.

Seriously...what is with the Examiner refusing to use pictures with its stories? I know where Baltimore is, I don't need a map.

tell justine that the hard stuff isn't going to come down for a while.....bill murry Caddyshack.

I agree with Mr. McIntire. The whole concept of rental inspections is silly. I have been a landlord for 30 years. I know the industry. I know the costs. This program is just one more unnecessary cost that will of course be paid ultimately by the tenants and will offer very little if any benefit. There are enough laws on the books to cover any building violations. If a perspective tenant does not like something about an offered unit, they simply do not have to rent it. Not only is this an unecessary, stupid program, it's concept could not come at a worse time. If left in place, the only real result of this inspection program will be less rental inventory on the market. As usual with these probably well intentioned programs, the business person and the lower income people who have a tendency to be renters of these units will be hurt.

rental property needs to be enforced! the county council has made good points. whos your neighbor renting to, drug runner, ,hey look residental homes are to be lived in by there home owners and not rented out to any one who can afford it. a home owner takes care of the home and his neighborhood, will a renter? also the county is right why should't the lanlord get a tax id number , its income isnt't it. no i have no problem with it at all

the rental regesteration is the best thing the county stumbled on. i want to know ,,whom my neighbor is renting to, a drug dealer, a child molster, get the picture. also why should a lanlord , rent bring in income and not be taxed, by the state or federal goverment this issue is way over due.need to change with the times!!!!!

Maryland will go broke because of Baltimore. Crime is up even in the authorities holding office. Cut police protection so more criminals can "get away with it"...does not take a lot of brain effort to see where this is leading....A MAJOR WASTELAND.

never thought i see the day when buying and living in a car would be the new american dream. the depreciation gap is closing and maybe the homeless have a leg up on us.they are experienced in the land o plenty. at least the new world order will put us on an equl footing with the rest of the third world countries soon.

Thw foreclosures and the home value dropped in my neighborhood so that we wil eventially be equals in poverty, so the rental value increases. How about an incentive to put in rentals?

until Realtors start using the Case-Shiller index for their numbers, then their analysis of median and average prices will be fundamentally flawed. the CS index uses similar-unit sales and is considered by The Economist, et al to be the best measure of a specific metro market's performance. this article is based solely on MRIS data.

Real estate values and property worth can be "funny money" as clearly expressed in the current credit crisis. Owners who "feel" or "believe" their property is worth an amount often don't sell til they come to understand the actual market value on any given day.

buying a condo,is like buying a boil for your butt.

its about time someone has finally started to take a stand against these monsterous developments. besides, why build NEW condos when it's becoming apparent theat condo's don't go for crap anymore.

Rent control and government intervention always leads to higher rents or bankruptcy. Everyone knows that but the saps who keep believing they can get a free ride somehow.

oh, now stop your whining. These guys deserve it. Yes governments have lots of corrupt employees, why make everything more corrupt just because of that one fact? Just do some reading on the properties, and you will see how negligent these landlords are.

This is a good way to make the public forget that it is the DC governmetn itself which is really greedy and full of corrupt employees. Attack the landlords is a good variation of class envy. If the landlords are smart they will all declare bankruptcy and put their properties in receivership and throw everyone out in the street. Let's see how smart the DC government and Mayor Fenty look at that point.

Go check your assessment on their website. My house went down almost 200k. Can you guess how much my land went up? 230k!!!!! How can a house in Fairfax county be valued at 135k and the land at 530k? That same address was about 300k house and 300k land last year. Is my home structure of 4 bedrooms, 3 full baths, carport, deck, etc., really only valued at $135k?

And to make matters worse, it's difficult to find any neighborhood in Fairfax that doesn't have boarding houses occupied by 10-20 people with un-kept lawns filled with bicycles and junker cars. No prospective home buyer would even consider buying a house in these areas, except of course, more boarding house slum lords.

I love the "my house is worth this" and "my house is worth that" crowd. Your house is worth what you can sell it for! Get real - you may have to sell it for far less then you bought it.

If the Fairfax County Board hadn't spent money like drunken sailors over the last few years as they doubled the collections of Real Estate Tax, then we wouldn't be in this mess.

just turn all that commercial property into casinos,cell phone stores,tatoo parlors,and adult bookstores. thats all america needs. oh, maybe a coffee shop here and there would be nice too.

realtors and their hack 'economists' produce opinions like horse-squeeze..

open up a full casino resort plaza by our sports complex and get rid of property taxes!!!!!

that's why the drug dealers and gang members are happy there understaff on the police dept.buy hundreds and with a freeze in place and officers leaveing the mayor need's to cut the budget.ok we have a good idea short baltimore police and hire more staff and give them a raise.that is one crack staff.

The city needs to be rebuilt. We are at a loss for afforable housing and good people, I hate everyone in the city. Thats the truth. Who cares who else post here? Not me. Peanut gallery!!!

That wouldn't be because of crime, or maybe because they tore down hundreds and hundreds of homes with no plan to rebuild, would it? How can they not budget for police overtime? with crime going berserk (and many not being reported) who would think police don't have to work overtime? The criminals are working overtime, and apparently getting well paid for it.

Hey remember when we had a 50 million dollar surplus and decided to build a hotel with it? Yeah.

Cuts? Baltimore city residents already get shorted big time and do without good streets, snow removal, decent cops, honorable representation in government.

I knew an Assistant State's Attorney in Circuit Court who took "lunch walks" that were over two hours, who drank on the job, and who dropped over half his cases. I agree, cut the State's Attorney's Office budget.

How about cutting the State's Attorney's Office? How much do they need to pay a person just to say "Stet" all day?

How about cutting the mayor's overstuffed staff in an effort to save money. This wanna-be big city is a scary, scary place.

Excuse me while I go hug a wet tree.

Seriously, wouldn't you love to have a little house in the model of the Shire from Lord of the Rings? How energy efficient?!?! Keep the soil on top of the roof and around most of the walls and you keep about a 60-65 degree temperature year-round. Little need for AC; limited need for heat (especially since the insulation is good). Problems: need a dehumidifier. Also would have a concern for mold as well as the need to mow and water the roof on occassions.

The homes that are selling now in the 450,000 range to 530,000 range in Fairfax County are the same homes that sold for 220,000 in 2001. Is that so bad? I don't think so. I'm sorry if you bought a home in 2005 and paid too much, but for those of us who didn't, our equity is still fantastic! Next time there is a boom, it will go even higher than last time and then when it drops the homes that are selling for 450,000 now will be selling for 550,000 and people will still be complaining. In Northern Virginia the AVERAGE increase in a properties worth is 7% annually. That's not smoke and mirrors, that's a statistical fact. Now really IS a good time to buy and I feel sorry for those that are waiting for it to get even worse. Eventually they will be kicking themselves for having waited too long.

where did the term "homeowners" come from.as long as you are making payments,paying taxes,maintaining,and depreciating you will never be a "homeowner".the only reason is the mortgage deduction on your monthly payments.and you can bet,that will be the next thing congerss will dump.

Please stop blowing smoke the truth is restaurant business is way off so is retail. This is a pump and dump strategy by banks and Real estate firms who, indicently by the way , are the cause of this economic recession. Hold you money invest smart. The layoffs have yet to begun

Agree

As someone buying a home this is very good news! I agree

Tell us is the land cheap for some o unknown reason? Is there any crime?

I'm the 1:15 AM poster. I have to say that I posted it when my emotions were high. I was mad that I got pushed out of the market. Now though, I have the last laugh ha ha ha. Yes, patience pays off. Hard work pays off. Making wise choices pays off. Not going with the crowd pays off (when you know they're wrong). I mostly have disdain for the Realtors and lenders who were strictly motivated by greed. Did they think that this could possibly last? We were seeing housing prices double, triple, and quadruple within a few years. I don't know about anyone else, but I do not know anyone that had their income double, triple, or quadruple in 3 years. How was it that all of a sudden, gobs of people could afford a $400K+ home when making under $40K? Is everybody rich but me? It was totally and completely disconnected from market fundamentals. I am thoroughly enjoying this so-called crash (I call it a correction) because I won't have to live in an apartment forever.

I am hoping it drops through the floor as someone who is being made to buy as a result of a political, crooked, decision made during BRAC 05, I am hoping to steal something at unheard of prices only to sell it a few years later at a huge profit. No sympathy for the Maryland market

I agree fully with the 1:15 AM Examiner Reader as I also have no sympathy whatsoever for those who took out those sub-prime interest-only loans; but I also have utter disdain for realtors, bankers, etc., who touted these loans. Frankly, those are people of the same ilk who in the Fifties touted block busting and ruined the cities and their lovely neighborhoods, and we know exactly who and what they are. I wonder what diabolical acts they're planning next.

Quite frankly, I have little sympathy for anyone that took out an ARM and are now in trouble. They can go ahead and lose their home that they had no business getting in the first place. They can rent just like a lot of other people. Fact is is that I was looking to get a home before all of this frenzy started, and I got pushed out of the market where I was seeing prices sky-rocket. Unlike all of these morons, I chose not to do something so moronic and get an interest-only loan or some other type of voodoo loan. The market is simply correcting itself to where prices belong prior to this spike. If someone is so lame-brained, stupid, and moronic to not read the contract for something as big as a house, then they deserve all the pain that they got themselves into. There's no excuse. Are they not fully grown adults here? I'm amazed how stupid people are.