The study describes
conditions in the worst neighborhoods that make the two treatment options seem like improbable remedies, at first.
Think of a 800 sq ft 3 bedroom in terrible
condition in a bad neighborhood where average rent around it $ 900 / month - they aren't going to give you $ 1500 ish standard amount.
Not exact matches
Conditions in the
neighborhood have become so
bad that some people have abandoned their houses and moved out.
If they are highly desirable people want them whether they are
in good or
bad condition just to get into the
neighborhood.
The one rule of thumb that works every time is the
worst property,
in the
worst condition,
in the
worst neighborhood will always cashflow best.
Overall, the study found that post-foreclosure borrowers don't fare too
bad: The majority of these borrowers do not end up
in «substantially less desirable
neighborhoods or more crowded living
conditions.»