Find me a couple sold properties with negative sales prices....
Agreed. We keep hearing about the theory of negative real estate values but so far I've yet to see any evidence in the form of sales. It would be helpful if a negative-value-advocate would present some "sales" data to support this theory whereby the seller paid another party to take a piece of real estate off of his hands.
Anyone....Anyone...Buhler....Buhler....
The advocates are trying to put the disbelievers into the position of proving a negative, i.e., negative value do not exist, when they haven't provided any evidence of their opinion. If these properties "...exist and are most likely plentiful" I'd think that finding an example or two shouldn't be extremely difficult.
Its all starting to sound like a religious argument.
Buhler here,
In cases of partial burnouts particularly, the removal costs can exceed lot value, and the repair costs can be prohibitive to anyone that does not have their own work crew. In these cases, contractors will take the property if there is a check given to them at closing to subsidize their repair work costs.
Zoning changes and physical depreciation can lead to the same thing.