Now is the time to demolish your home

Something is wrong when we’ve gotten to the point that it’s smarter to demolish a $200,000 home than it is to sell or rent it

The Wises bought a new home, and in this market the rent they could charge did not cover the expenses…So, they had the 13-year-old, five-bedroom/four-bath home demolished… [B]etween taxes, insurance, and the headache of having tenants…it makes more sense to get rid of the house, Graber said.

via Herald Tribune

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