Aa
Decrepit bank-owned homes blight cities
http://www.msnbc.msn.com/id/47735952/ns/business-real_estate/
".....even though the city of Los Angeles, with some fanfare, passed an ordinance two years ago compelling banks to repair blighted homes they own, or face fines, not a cent in penalties has been collected.
"My people don't even have time to go to the toilet anymore," said Luke Zamperini, head of the Los Angeles Building and Safety department, which is responsible for enforcing building codes and collecting fines.
Zamperini said his department had been cut by 60 percent over the last five years as a result of a non-stop state and local budget crisis.
He now has a code enforcement team of just five people responsible for the entire city of Los Angeles, which has a population of nearly four million......"
The irony to me, as someone who has worked in the home building trades, is that many of those abandoned homes in South Central LA were built of American made materials back when building codes were still being enforced. It'll take a track dozer in low gear to level them. The particle board mansions that many bank execs live in will be flattened by the first good wind and rain storm.
".....even though the city of Los Angeles, with some fanfare, passed an ordinance two years ago compelling banks to repair blighted homes they own, or face fines, not a cent in penalties has been collected.
"My people don't even have time to go to the toilet anymore," said Luke Zamperini, head of the Los Angeles Building and Safety department, which is responsible for enforcing building codes and collecting fines.
Zamperini said his department had been cut by 60 percent over the last five years as a result of a non-stop state and local budget crisis.
He now has a code enforcement team of just five people responsible for the entire city of Los Angeles, which has a population of nearly four million......"
The irony to me, as someone who has worked in the home building trades, is that many of those abandoned homes in South Central LA were built of American made materials back when building codes were still being enforced. It'll take a track dozer in low gear to level them. The particle board mansions that many bank execs live in will be flattened by the first good wind and rain storm.
Right. They're bundling homes to sell in group lots to the big guys. In the meantime us little guys can't find anything affordable to buy.
The plan I heard is to turn us into a renter society. In fact, I believe Romney said that.
The plan I heard is to turn us into a renter society. In fact, I believe Romney said that.
Kind of related.... I saw something Saturday night on one of the news channels about a guy who buys homes that people trashed and walked away from. (In California) He hits the banks, makes some kind of deal, then bull dozes the homes and starts over. "Too expensive to remodel".
The sad thing to me is they won't sell many of these homes. If they'd sell them at a low price, people could buy them and take care of them.
I agree with desrt. I'd much rather have an older well built home than one made of particle board.
Wind, fire, earthquakes, we've got them all in California.
I agree with desrt. I'd much rather have an older well built home than one made of particle board.
Wind, fire, earthquakes, we've got them all in California.
California is not a good state to use as a model for anything, unless you want people to understand "BROKE".
I heard a blip the other day that some small town in California is patting themselves on the back because the over whelming majority of town employees voted to have their wage cut.... It was then stated that the median income for the city employees was $65k plus benefits.
I heard a blip the other day that some small town in California is patting themselves on the back because the over whelming majority of town employees voted to have their wage cut.... It was then stated that the median income for the city employees was $65k plus benefits.
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