DebateGate
General Category => 3DHS => Topic started by: MissusDe on March 13, 2012, 06:44:21 PM
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The bad news: Florida (along with California) is among the states with the highest number of foreclosed properties in the nation. Realty Trac reports 1 in every 624 homeowners received a foreclosure notice in 2011, and this of course is only the tip of the distressed property iceberg, which indicates home values, and the economy in general, might not be done tanking.
The good news: kids are learning to steer the boat– at least one kid, 14-year old Willow Tufano. Because instead of using her $6,000 savings to buy the latest iPad, Willow bought herself a distressed property. And now she’s renting it out.
The rest of the story, with before and after pics: http://blog.sfgate.com/ontheblock/2012/03/13/florida-14-year-old-becomes-a-homeowner-and-a-landlord/#3716-1 (http://blog.sfgate.com/ontheblock/2012/03/13/florida-14-year-old-becomes-a-homeowner-and-a-landlord/#3716-1)
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Smarter than Miss Fluke, even 8)