Posted on 10/17/2009 8:46:35 PM PDT by Lorianne
The video reported that more banks have failed in Georgia than any other state....
Hell, Atlanta was overrun with Yankees so much, it shouldn’t qualify as a Southern city anymore.
Not a naked zombie in the whole bunch.
Yeah, you’re right. But Atlanta pols are viciously stupid. It’ll get there soon enough, as will all democrat cities.
USA is gone.
Oh, you done it now! Necrophiliacs are going to be terribly disappointed by this misleading headline.
Yikes - Atlanta and Macon.
I *hate* Atlanta (apologies to all in Atlanta). The downtown is chock full of thugs. Don’t even try to go near the Underground without protection. The freeways are awful. Even Buckhead is dangerous.
Macon is full of gangs, the downtown is dead although there is a push to revive it. Basically a place to stop for gas and skedaddle south to the gulf.
Atlanta Market traffic was off by appx. 70% last year. Huge economic downturn.
Memphis? Graceland is surrounded by slums with barred windows and doors. The only area considered a tad bit safe is around Rhodes College.
Not a pretty sight.
Atlanta isn’t the best city going but its a nice enough place. Detroit it ain’t.
Five empty lots behind me in SE Virginia, unsold for two years, and they're riverfront. Asking prices are down 30% from original listings, and still dropping. The developer seems to have almost given up for the time being, he's not even bothering to keep the lots clean and walkable.
"Atlanta?"
Be more specific.
These subdivisions that have foreclosed homes. I have been wondering when winter comes around if the banks or holding companies have winterized said homes.
Could prove to be real mess if not, broken pipes leading to water shortages or fires due to electrical shorts, gas explosions when gas appliances are not properly shutdown.
Should be interesting over next couple of months.
Banks winterizing vacant homes? Up north that is job one.
We had a subdivision builder go belly-up just around the corner from us some years ago. Every day we'd drive past houses which were partially finished and left open to the elements. They were infested with everything from poison ivy to rats and raccoons. Eventually construction started back up again, presumably by another builder. We were amazed that the damaged houses weren't torn down. They just covered up the rain, snow, ice and mold damaged parts behind wallboard and pretty trims, and sold the homes at full price. We've always wondered what problems the owners have encountered as a result.
On the flip side, a townhouse near us went into foreclosure last year. We knew the previous owners had fixed it up nicely and we were considering bidding on it. When we went to look over the exterior and peek in the windows, we found a prominent sign on the property warning trespassers about legal ramifications and also that the house had been winterized and that toilets contained antifreeze. Crazy world when you have to warn squatters about health hazards . . .
I suspect it'll be a mixed bag. Some banks will stabilize the properties, and others will be overwhelmed by the sheer volume and cost, and let them decay. Future buyers will need to be careful of hidden damage.
Atlanta politicians hate crackers more than Detroit politicians.
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