Steve Owen
Elite Member
- Joined
- Jan 16, 2002
- Professional Status
- Certified General Appraiser
- State
- Missouri
It seems as though the new bankruptcy law did not do anything to protect honest creditors. It makes it harder for debtors to file bankruptcy even in legitimate situations, therefore, the number is down initially. But, crooks who want to game the system can still do so. I suspect that all the hoopla really boils down to making it harder for those seeking bankruptcy protection from medical expenses.Bobby Bucks said:It certainly is when it comes to real estate development. When they go belly-up they’re accountable to no one in most instances. I was talking to a HVAC contractor who is Scottish and moved here a few years ago. He said one of the most shocking things in the US is how contractors can screw their subcontractors, file bankruptcy, keep most of their assets and start all over again with a clean slate.
Anyway, back on topic:
http://www.realtor.org/Research.nsf/Pages/MetroHomePriceAnalysisReports?OpenDocument
They didn't have Joplin, so I looked up Springfield. Not that there is really anything in common between the two markets. I also found it interesting that they list Little Rock... but not NW Arkansas. If I remember Terril's post from a few quarters back correctly, NW Arkansas was one of the fastest growing MSA's in the U.S. Why do you think NAR would leave it out of their research?