Wednesday, June 24, 2009

Sister well and the search begins

The funny thing I guess about housing the poor is, when the Feds threaten to kick em all out and the people have no where to go (really give people time to house hunt), the government finds a way. So for now, sis is safe. Because really, in the paper they were saying that all with no criminal record and good credit would be placed in alternative housing. We all know my sister's credit is crap, so in that scenario the family would be living under a bridge. Part of me knows that my sister may screw me with the whole house buying proposal, because of what stems from the bad credit. It's not like she doesn't have or can't get the money, it's just that she finds other things to spend the money on.
Anyway, the Realtor thinks if I buy a short sale I'd be getting a really good deal because the bank would be eating a lot of the value. Let's say for fun, I was looking at a house listed at $40K. The house might be valued at 85K. It's up to the bank to decide if they want to eat $45K. The bank may take 3-4 months to decide that. Knowing sis is in no rush to move, I can wait.
I also found it humorous what the agent calls, needing work. New carpet and updating. My goal, something better than the rat hole mom lives in. The same rat hole mom refuses to leave. Of relatives willing to leave rat holes, is my sister's family, so for her, I look for housing. Besides they are all young enough to do improvement work. Mom, not so much.
Hopefully, this week the relatives will be shown the inside of one house I can afford. As far as I'm concerned, if the roof doesn't leak, the electricity doesn't spark and the water runs clear good enough. Stoves, fridges, carpet and A/C units can be bought. So I await to hear from them.

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