Unpleasant Surprises for Online Real Estate Buyers

prostoalex writes "Buying expensive items online from the people you've never met without any guarantees on the seller's part might seem a bit risky even for an experienced Internet shopper. The 'hotness' of the real estate investment market apparently influences some cash-heavy investors to look for opportunities online. When the entire transaction is done via a click of the mouse, and the deed for newly bought real estate arrives in the mail, some unsuspecting buyers might discover that a cozy house near the bus line in the middle of a busy street might imply a criminalized neighborhood and proximity to crack house. The New York Times investigates negative experiences of people buying investment real estate online."

Comments

The only factor that counts - CAUCASIAN percentage

[Anonymous Coward]

There is a 90% correlation of desirability of a neighborhood (safety, low crime, pleasing neighbors, increasing property value) and that is the demographic of CAUCASIAN percentage makeup of a neighborhood.

"Diversity" means one thing : CRIME and WELFARE

The facts are obvious if you compare the top 500 zip codes with the worst 500 zip codes in the USA.

The top 500 are as white as can be, and the worst 500 are practically devoid of white people.

This ridiculous article dances around the real issue : Buffalo has serious white-flight issues.

mod 0p

[Anonymous Coward]

schemes. Frankly were coMPounded