Dangerously Low Prices on Homes Look to Capture Buyer Attention

Certainly you’ve seen these homes while passing through Akron on your way to work or on your way back home. We pass these broken down homes, and we think little of it. “I bet no one lives there,” we wonder as we pass by.

 

More and more Akronites have begun to wonder about the disparaged and broken down homes across the city. What’s their fate? Will be they be demolished soon? Will be the first revitalized home in a new neighborhood? Or will they be the nice “fixer upper” of a young new couple?

It seems as though, once again, the dream of owning a home isn’t quite what it seems. Before the financial crash in 2008, homeowners were buying houses they couldn’t afford. Now, homeowners are getting trapped into buying houses they can’t afford to fix.

 

There are so many “too good to be true” money schemes that exist in the world for people to count. From payday loans, to title loans in Ohio, there are so many people offering to give you money. It’s important to understand the cost of what easy money truly is: debt. Easy money is and always will be fallacy, but the lure is always there. Like the siren’s song, it sings to us because it’s a shortcut. It takes most people a month to make $2,000, and someone is offering to give you $2,000 right here and now? That should raise a red flag, but for many people it doesn’t.

 

Most people spend anywhere from one hundred and fifty to three hundred thousand or even a million dollars on a nice home. And someone is offering to give you one for twenty thousand dollars? That should raise a red flag, but for many people it doesn’t. Why don’t these kinds of offers raise red flags?

 

But continually, it doesn’t. People are drawn into these schemes because they want to believe the most tiresome and difficult parts of life could be made easy. They want to believe that they’re lucky, and that good things could fall their way. Sometimes they do, sometimes they don’t.
Of the housing situation in Akron, one individual said, “Everybody wants that part of the American dream — everyone wants a piece of that pie.” But sometimes the pie doesn’t really exist or it’s filled with poison. The people of Akron are ultimately buying homes directly from the previous owners, believing that they’ve nabbed themselves an amazing deal, but in truth, the only thing they’ve nabbed is an uncertain situation.

Dangerously Low Prices on Homes Look to Capture Buyer Attention

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