Rust Belt City’s Pitch for a Hot Housing Market: Free Homes

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You can get a free home in this crazy housing market. You just have to move to a small city south of Pittsburgh.

are more expensive than everMr. Shorraw is the mayor of Monessen, Pa.

, a small city set in a curve of the Monongahela River, which has hundreds of vacant homes. Many of them are in disrepair and have accrued thousands of dollars in back taxes. Property values are low. It is easier for owners to walk away than to sell.

 

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Fuck that they gotta pay me to live in PA

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Even as interest rates tread water, the housing market could get a second wind“It’s Groundhog Day for mortgage rates, as they have remained virtually flat for over two months,” Freddie Mac chief economist Sam Khater said in a report. For over two months now, interest rates have barely budged, remaining well below 3%. good
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