- Thread starter
- #11
The story is they don't want the division to be "devalued". Which is a joke as the property has dropped to half its value in the past 5 years because of the glut of foreclosures. Not to mention that since all the "homes" on the lots are actually doublewides, they loose half their value in around 10 years anyway. I'm underwater on this mortage and the only reason I'm staying for now is its cheaper then renting. I think this subdivision was the guy's hope of turning a beanfield into easy money. As far as I can tell it didn't pan out. Maybe that's way they are growing hay over the the other half of the unpurchased lots.