Writing as a real estate investor, there is certainly value to be found in buying "ugly" houses at very low prices. Some of the ugliest property on the planet right now is in New Orleans. And ugly property attracts investors like flies. I can appreciate the much needed revitalization that investors will bring to the area; however, I do not support redevelopment at the expense of needy families facing foreclosure because of Katrina.
Saturday, September 10, 2005
Gulf Coast Real Estate
Writing as a real estate investor, there is certainly value to be found in buying "ugly" houses at very low prices. Some of the ugliest property on the planet right now is in New Orleans. And ugly property attracts investors like flies. I can appreciate the much needed revitalization that investors will bring to the area; however, I do not support redevelopment at the expense of needy families facing foreclosure because of Katrina.
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