. . . And now my other great love is about to be revealed, besides buying stuff used for my house: it's buying used houses. To me this is one of the ultimate recycling adventures - taking housing that has been used (or abused) and making it your own.
I have purchased three houses and 1 empty lot in the last 25 years. I have given a lot of thought to tearing down my current house and building a new one on our lot but the main reason I have decided not to is because I don't want all that rubble and trash going to a landfill. (That, plus the additional expense of building from scratch when you can re-hab for less.)
A companion fascination for me is the whole industry of auctioning residential real estate. In other countries such as Australia, auctions have been a mainstay of selling for years. Auctioning has not caught on in a big way in the United States residential markets . . . . yet. With the sub-prime mortgage fiasco I expect that will change in the near future.
There are a couple of residential auction companies in existence now and you can look for more to come up as more and more pre-foreclosure and foreclosure homes need to be moved quickly.
Just try a quick web search using your favorite search engine on "residential real estate auctions (your state or city here)" and see what you find.
Showing posts with label real estate. Show all posts
Showing posts with label real estate. Show all posts
Sunday, January 13, 2008
Recycling . . . . Real Estate?
Posted by
Koki
at
8:40 PM
27
comments
Labels: real estate, recycle
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