Here's something to ponder. A story in the Business section of Monday's paper www.startribune.com/lifestyle/homegarden/102653249.html was about a pair of rehabbers who are buying foreclosures, fixing them up and reselling them for a profit. They're doing it to make money, but also to help prop up home values in a distressed north Minneapolis neighborhood. The story mentioned a program through the Twin Cities Community Land Bank that gives affiliated developers first dibs on foreclosures before they hit the broader market. Some readers think such privileges steal opportunity from the general public, what do you think? Should investors have first crack at these deals?
Should investors get first dibs on foreclosures?
Some readers say that all buyers should have equal access to distress sales.
September 13, 2010 at 11:13PM
about the writer
buchtjd
It’s too soon to tell how much the immigration crackdown is to blame.
