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Local Address, The Blog

Welcome to Local Address. Our hope is that this blog becomes the top spot for talking about everything related to owning a home.

We're defining the homeownership topic broadly, including the financial aspects and how the latest versions of federal bailouts affect your wallet. And we want to hear your thoughts on these issues. How is the housing market changing your household's plans? Are you renovating less? Waiting to sell? Being tempted back into the market by low prices?

We don't intend to forget the workaday issues that used to be top concerns, back before the word housing became linked with "crisis." Homeowners association living, remodeling trends, buying and selling strategies -- this blog will be a place to share information about all these topics.

You, the readers, will be will be critical in helping to shape this blog. Nothing beats the collective wisdom of buyers and sellers reporting from the field, augmented by the insights of local professionals willing to share their expertise. Please feel welcome to tell me what topics you would like to see covered here by sending an email to

By Elizabeth Razzi  |  February 23, 2009; 12:30 AM ET
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   StumbleUpon   Technorati   Google Buzz   Next: Lots of economic reports important to housing coming today


I think the foreclosure plan is big enough to have an effect, but focused enough to avoid rewarding people who took foolish risks. I also think it will be most effective in markets that are close to stabilizing.

Posted by: verbal8 | February 23, 2009 2:45 PM | Report abuse

I'm a Democrat and not one to rail against any and all government spending, but anything that keeps home prices from falling is bad for me as a renter who would like to buy. I still find home prices way higher, maybe twice as high, as I can afford for anything I would want to live in. This, even though my income has more than doubled since 2000.

The problem is not just that the bubble hasn't deflated entirely, but that most of the houses sitting unsold are McMansions in the far suburbs. I want something small and close-in, but housing like that is in short supply thanks to the chokehold of suburban zoning.

Posted by: csdiego | February 23, 2009 5:45 PM | Report abuse

RESIDENTIAL REAL ESTATE requires that ++++ YOUR ++++ credit be good, but


COMMERCIAL REAL ESTATE, like multi-tenant [5 plus] units REQUIRE POSITIVE CASH FLOW to obtain a loan. Your credit may not need to be so great.

A COUPLE OF THESE BUILDINGS may produce positive cash flow equivalent to up to 50 residential units WITHOUT the sticky issue of multiple loans outstanding against YOUR EXISTING ASSETS.



Posted by: | February 24, 2009 4:23 AM | Report abuse

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