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Comments on: A good day in the New Britain local news http://www.jbj.wordherders.net/2008/07/30/a-good-day-in-the-new-britain-local-news/ "A man needn't go far to find a subject, if he's ready with his salt-box."--Uncle Pumblechook Wed, 14 May 2014 19:32:14 +0000 hourly 1 https://wordpress.org/?v=4.9.1 By: Frothy McBaldman http://www.jbj.wordherders.net/2008/07/30/a-good-day-in-the-new-britain-local-news/comment-page-1/#comment-12493 Thu, 31 Jul 2008 18:43:38 +0000 http://www.jbj.wordherders.net/2008/07/30/a-good-day-in-the-new-britain-local-news/#comment-12493 I’m really baffled by the approach banks take with foreclosed properties. All questions of urban blight aside, how do they make money by seizing a property and utterly neglecting it? In our local market we have dozens of foreclosed homes–no self-respecting realtor will show them, and the damage done by weather (which buckles floorboards and puckers paint when the heat is turned off over the winter) and varmints over several months of dereliction kills their value. One local home listed for $139,000 before foreclosure (yes, housing here is kinda cheap to begin with, but still) wound up selling for under $80K. Perhaps a little stewardship would encourage folks to start talking about the subprime mortgage crisis in the past tense. I reckon the Health Department has better things to do as well. /rant