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re: LA, MS, & AL lead the nation in people facing foreclosure percentage wise

Posted on 12/20/23 at 10:58 am to
Posted by back9Tiger
Island Coconut Salesman
Member since Nov 2005
17632 posts
Posted on 12/20/23 at 10:58 am to
Well i am going to be in the market for a new home over the next year due to divorce, so this may be good for me. Sounds like people need to stop over buying in general.

Simple formula really, take in more money than you spend.
Posted by whoa
New Orleans
Member since Sep 2017
5833 posts
Posted on 12/20/23 at 11:38 am to
I’m sure the insurance crisis in Louisiana is exacerbating the issue. My once affordable house note is now unaffordable because of it.
Posted by frequent flyer
USA
Member since Jul 2021
3383 posts
Posted on 12/20/23 at 11:40 am to
IMO we should be focusing on the poor, low income parts of this country and trying to improve the QOL there.

How to do that is beyond me. Maybe infrastructure investment or tax credits for investing in the area.
Posted by back9Tiger
Island Coconut Salesman
Member since Nov 2005
17632 posts
Posted on 12/20/23 at 11:45 am to
quote:

tax credits for investing in the area.


It's called Opportunity Zones and it exists. Not sure how that leverages to residential but sure it can be done.
Posted by bubbz
Baton Rouge
Member since Mar 2006
23085 posts
Posted on 12/20/23 at 11:59 am to
FYI, a couple of the links in the original post are broken
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