Bank of American was doing a brown paper bag test and giving illegals mortgages like it was Halloween Candy. Same thing with auto loans. People are peacing out and getting the boot but a quick deep dive it left me shaking my head when I was looking for value around for both fix and flip scenarios and for someone where I felt people could put some work into and have some value.
I mean I found some but I wasn't overly blown away with what I was seeing out there but it just depends on what someone is trying to do I guess.
If someone was trying to have a roof over their head, have a small garden, be close to some fishing or something, and howl at the Moon it wouldn't be the worse situations I guess. It's just so hard to really evaluate some of the stuff out there to be honest.
https://www.zillow.com/homedetails/14036-20a-Rd-Argos-IN-46501/85559278_zpid/
Low ball something like that. Total rehab. Out in the country and could plant a bunch of fruit trees and a big garden. Maybe someone could be in it for $130K and listen to the coyotes howl.
https://www.zillow.com/homedetails/6798-Little-Sandy-Rd-Elkview-WV-25071/350972852_zpid/
Someone could pull an RV in there and geek out and tweak out.
https://www.zillow.com/homedetails/2022-Washington-St-W-Charleston-WV-25387/22601641_zpid/
Rehab but cheap. West Virginia is down bad and there are some incentives to move there currently. Other incentives to move to West Virginia in general.
https://www.zillow.com/homedetails/131-Main-St-Casa-AR-72025/90897486_zpid/
Brick structure and someone could tweak there and grow some stuff in the back yard.
https://www.zillow.com/homedetails/Brown-Deer-Rd-Big-Bay-MI-49808/455528457_zpid/
Someone could go off grid and pull in an RV, Generator, Solar panels, Starlink ...etc. Fish in Lake Superior
It's tough right now to see the value and to wait around for 5 or 10 years is a tough sell when it boils down to it.
The Midwest still has low inventory in some areas so there can be some value built potentially but I would say someone has to be careful about it and really case out the area if they aren't familiar with it.
This could actually be kind of a cool property if it was redone.
https://www.zillow.com/homedetails/320-E-Long-Lake-Rd-Orleans-MI-48865/91707850_zpid/
https://www.zillow.com/homedetails/9400-Love-Rd-Benzonia-MI-49616/106240562_zpid/
This isn't bad. There is a well and road access and it is close to Crystal Lake which is super nice. Someone could pull RVs into there and there is a bit of someone there and maybe build a Barndo there.
Like I said I just shake my head anytime I get deep in the weeds trying to look for value in this country.
RE: Housing Market Collapse Is Starting To Accelerate