A Grass roots Movement.
 

Since some of us talk about Real Estate from time to time and maybe some are interested in your local communities consider this.

Alot of housing has gone to shit as of late since banks are holding out on properties they have captured in foreclosure.

In my local community I have gained some momentum with an idea among the locals to make a County rule that requires banks to maintain upkeep on homes they own.

Over the last several years here where I live some houses are outstanding looking and well maintained but the houses the banks own look like shit. I ran around and took pictures of these houses and went to a town/city council meeting with them and presented my idea.

The shit is still hitting the fan about my idea the residents love it, the local council freaked since one of them is one of the local banks but none the less people are starting petitions to make it a law and it stands a good chance to blow up into a County Ordinance.

It's just not right for banks to own a property and let it go to shit, they can bring out gardeners, and they can maintain the property should they insist on owning the property.
Many Banks do not do this. The end result of course is putting the pinch on Banks and ultimately homes getting owners that take care of the property while at the same time keeping the neighborhood nicer.

Unoccupied homes need to be maintained if no one lives in them. People that own properties often must spend to maintain a home why don't banks?

Just an idea if you want to start something in your town:)

Great Idea and thumbs up for getting up an making a change

I raise hell in my village:)

Naw, I like things the way they are because I can buy properties cheap.

Stop rocking my boat.

NO no no...
Such a thing basically forces the banks to sell!
And sell cheap they do and will if they got to maintain the property!

The only thing you buy old man is depends and poligrip.

It always amazes me how at odds the US housing situation is from Australia, I have seen people saying that you can buy a house in the US for as little as $30k, anywhere in Melbourne and suburbs the cheapest house you will find is probably around $300,000 and that won't buy you very much at all.

A 40 square metre one bedroom apartment around inner Melbourne costs around $300,000 +. Houses around my area routinely sell for $1million plus. I am around a few Km away from the Melbourne CBD.

Houses in outer suburbs of Melbourne, about 45 mins drive to the city cost a mean average of $450k

Occupancy is close to 100%, houses in Melbourne made available for rent can have as many is 40 applicants, all clamoring and competing to get the rental.

A one bedroom apartment close to the city will cost you around $250 to $300 p/w in rent. A house could cost you $500 p/w +.