South of Sunnyside

The grass is greener where the water is turned on

Hello, (potentially) new neighbors. Goodbye, (any hope of) home equity.

Tonight I came home to a pleasant surprise: the two foreclosed properties adjacent to ours donned freshly-mowed lawns. And Kim didn’t have to do the work. It seems the investor that purchased the homes from the bank decided it was time to take care of them.

Rumor has it that one of the houses, along with another one on the north side, are up for sale. Not that the value of our home matters much anymore (we don’t mind paying two mortgages on the original amount…at all), but these properties are discounted about $150,000, compared to the purchase prices just three years ago.

Of course, if these two houses sell (and that’s a big if), as of the first of the month there are two newly-abandoned homes to take their place.

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