Comments on: Boise City Active In Real Estate Speculation

By: brent

brent — Thu, 12 Aug 2010 05:45:30 +0000

this is an excellent example of how the people have lost all control of their own government

By: brent

brent — Thu, 12 Aug 2010 05:43:35 +0000

so when the banks come under fire for shady practices, they already are doing business with the city and giving the city heafty discounts? . . . who’s in whos pockets here, sounds like the city will be in favor of foreclosing on idaho families simply in order to make a buck down the road

By: Zippo

Zippo — Tue, 13 Jul 2010 05:02:50 +0000

Is a particular well connected bank making most of the sales to the city?

By: cyclops

cyclops — Tue, 13 Jul 2010 04:57:32 +0000

So, let me get this straight. The current administration has lost thousands of jobs and small businesses are getting out of the high tax area that is downtown, while Bieter is professing to “feel the pain of the unemployed” that remain in Boise. At the same time, he is buying the foreclosed properties that people can no longer afford to own, because his buddies at CCDC have jacked up the rent in the downtown corridor, driving small businesses out.

Just when I think ____(Team Dave) couldn’t possibly get any worse,they decide to play “flip this house”! Absolutely amazing!!

By: Clancy

Clancy — Mon, 12 Jul 2010 15:36:17 +0000

I bet the banks love selling these to the city. Foreclosures in the Nampa area regularly sell at auction for $35,000-$55,000. These houses may need some work but generally appraise for $90,000. Under Boise’s HUD program, the bank’s are able to receive $80-88,000 for these.

**I know my example is for Nampa but I assume similar examples exist in Boise.**