This is in response to the “Second life for vacant homes in Snohomish County” article in Monday’s Herald. They are talking about creating affordable housing out of some of the repo houses to help out low-income people with housing.
What I can’t understand is why all the banks are just letting the houses sit for long periods of time and are trying to sell them for way below cost. Why haven’t they been trying to rent them out, to recover some of the money lost on them? Instead they all have been just sitting for over a year now, yet the banks get money from the goverment to help them out, and the people who lost their houses have no place to live.
They could be renting them out at a lower price. It just makes no sense, a lot of money and houses are being wasted. Time for a change.
Kelly Nelson
Arlington
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