For real? Some homes worth less than their copper pipes (I feel total insulated from the housing meltdown, living in San Francisco)

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4la

“Some boarded-up [foreclosed] homes … have “No copper, only PVC” painted on the boards to stop [haha, as if they’d believe the sign… as if they could read] would-be thieves.”

“I don’t know what the solution is other than for the banks to not put a sign in the window saying the house is vacant,” he said, “or maybe keep tenants there.”

renego the loan?

‘”If somebody looks suspicious we don’t buy the ‘material,” said Marc Kaplan, one of the largest scrap metals traders’

huh? how are they going to know if scrap was unauthorized?

some houses in tiny abandoned towns aren’t worth the demo costs.

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