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Number of Homes For Sale + Decrease Market= Changing Neighborhoods

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jellybean78
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Mommy

Re: Number of Homes For Sale + Decrease Market= Changing Neighborhoods

Honestly I would want some of those people in my neighborhood. Those people are smart...they didn't buy a $500K house that couldn't afford and that was only really worth $350K. They were patient and waited because they knew eventually what goes up and must come down. I want those people in my neighborhood because those people won't eventually be the ones with foreclosure signs in their yard.

Posted 1/21/08 2:18 PM
 
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astroqueen74
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Karina

Re: Number of Homes For Sale + Decrease Market= Changing Neighborhoods

Posted by Chatham-Chick

Posted by MrsERod


doesn't seem to me that she's concerned about investment properties at all - IMO, it came across as though she's more concerned with the "class" of people who'd now be able to afford a home next door to her.
Does she have every right to know who's buying the house next door to her? Sure, BUT, don't make it about the color of their skin (which the OP pointed out as being part of the reason she's concerned) THAT to me is offensive.



Are you sure her post came across as being concerned about "class" or was it everybody else's posts which made assumptions and inferences???


And let's say she is concerned about the class level (from an economic standpoint) of potential neighbors, what's wrong with that? Let's be realistic, your home is one of your biggest investments!

Why do we choose the neighborhoods we do??? You can't deny that people choose to live in areas where others are probably in a similar economic bracket (give or take some neighbors).

I think the OP has a legitimate question/concern as a homeowner.



Chatham-Chick: well said.....Chat Icon

Posted 1/21/08 3:25 PM
 

JandJ1224

Member since 6/06

5911 total posts

Name:
Jannette

Re: Number of Homes For Sale + Decrease Market= Changing Neighborhoods

I think it also should be noted that it will be getting increasingly hard to qualify for a mortgage now and into the near future.
I am hoping that the good neighborhoods will go down so that in the next couple of years I can buy a house with reasonable mortgage! I feel like anyone who can afford the house prices/taxes deserves to be in the house just as I do.

Posted 1/21/08 5:49 PM
 

curliegirl
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Member since 3/06

10128 total posts

Name:
Gina

Re: Number of Homes For Sale + Decrease Market= Changing Neighborhoods

Posted by astroqueen74

Posted by Chatham-Chick

Posted by MrsERod


doesn't seem to me that she's concerned about investment properties at all - IMO, it came across as though she's more concerned with the "class" of people who'd now be able to afford a home next door to her.
Does she have every right to know who's buying the house next door to her? Sure, BUT, don't make it about the color of their skin (which the OP pointed out as being part of the reason she's concerned) THAT to me is offensive.



Are you sure her post came across as being concerned about "class" or was it everybody else's posts which made assumptions and inferences???


And let's say she is concerned about the class level (from an economic standpoint) of potential neighbors, what's wrong with that? Let's be realistic, your home is one of your biggest investments!

Why do we choose the neighborhoods we do??? You can't deny that people choose to live in areas where others are probably in a similar economic bracket (give or take some neighbors).

I think the OP has a legitimate question/concern as a homeowner.



Chatham-Chick: well said.....Chat Icon



Absolutely!!!!

Let's strip it down to pure basics here.
We all know there are neighborhoods where the people who live there are "different" than each of us, and we ALL KNOW that we wouldn't live there for all the tea in China!!!!

I live in a neighborhood where it's split into 3, 2 very nice parts with 1-2 million dollar homes on the water, and then there's "the other side of the tracks" where you couldn't PAY me to live.
The people are white, just like me, but the way they care for their homes and the level of crime isn't somethng I want to ba a part of. And if they weren't white, It wouldn't make a difference either, just making my point.
And when my DS is old enough to go to school, you can bet he won't be going there!!!!

It's just reality and we are all so itchy to get offended that we are blinded to the real truth here.....that we want to live in a nice home in a nice town and we want neighbors like that too.....

What is so wrong with that?

Posted 1/22/08 9:51 AM
 

Ophelia
she's baaccckkkk ;)

Member since 5/06

23378 total posts

Name:
remember, when Gulliver traveled....

Re: Number of Homes For Sale + Decrease Market= Changing Neighborhoods

Posted by curliegirl


It's just reality and we are all so itchy to get offended that we are blinded to the real truth hereQUOTE]

I can tell you that your statement does not reflect my reality Gina.

the point is, the "realities" of whatever happened to Maathy's area of Brooklyn (which i'd LOVE to know what area that is) or CI, or any other area is NOT the reality of what is going to happen in most areas of LI.

homes are coming down from RECORD highs right now.

we are talking about them becoming more affordable to people you talk to on these boards every day. to people like ME, who would rather wait until prices came down so they can afford a home that they want and maintain a semblence of the lifestyle they had prior to becoming homeowners.

I hardly call that a neighborhood going to Pot...

so if people want to say something about me b/c I am waiting for a house to drop down from 400,000 to 300,000 so be it.

if that makes me one of "those' people, so be it.

I don't decorate my house with icicles OR puffy lawn ornaments, if that is anyone's concern.

my family does not come over to take pictures on top of my BMW.

Peole are acting like Oyster Bay is going to turn into East New York b/c home prices are dropping...I can ASSURE you that is not going to happen.

and if you bought your home at a high price in a neighborhood that could be succeptilbe to such a rapid decline, well I would say that is bad planning and research on your part, and a bad investment.

if you are so concerned about people moving in that paid less for their homes (and thereby being people that don't care as much, b/c that is the assumption here) form a BLOCK ASSOCIATION. make sure you "stake your claim" make sure you let people know this is what YOU want YOUR neighborhood to be like.

don't just cut and run b/c you are afraid of poor people.

Posted 1/22/08 11:07 AM
 

Chatham-Chick
*********************

Member since 5/05

10311 total posts

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Re: Number of Homes For Sale + Decrease Market= Changing Neighborhoods

First off, I felt the OP had a valid concern and question. That's not to say her concerns hold true for much of LI, but yet many of you seem to be taking it personally...as if the OP and others don't want you as their neighbor.

I can read the anger in the posts coming from people assuming that people in well-to-do neighborhoods are worried about a new element moving in. That's NOT the case and I feel like many of you are missing the point of this thread.

I keep reading posts where posters mention homes in 400K-500K range, but you're all focused on what YOU are able to afford NOW, NOT what the OP (and others) might have possibly paid a number of years ago (which could have been under 300K for all you know) and what the homes are selling for in her neighborhood now (could be 250K or less. Just many of you aren't househunting in those neighborhoods.)












Posted 1/22/08 11:55 AM
 

Chatham-Chick
*********************

Member since 5/05

10311 total posts

Name:

Re: Number of Homes For Sale + Decrease Market= Changing Neighborhoods

So I just did a search on MLSLI to see what's out there for 300K or less. I saw over 1500 plus homes. Why are some of you having such a hard time finding a house??? Chat Icon

Posted 1/22/08 12:00 PM
 

Ophelia
she's baaccckkkk ;)

Member since 5/06

23378 total posts

Name:
remember, when Gulliver traveled....

Re: Number of Homes For Sale + Decrease Market= Changing Neighborhoods

Posted by Chatham-Chick

First off, I felt the OP had a valid concern and question. That's not to say her concerns hold true for much of LI, but yet many of you seem to be taking it personally...as if the OP and others don't want you as their neighbor.

I can read the anger in the posts coming from people assuming that people in well-to-do neighborhoods are worried about a new element moving in. That's NOT the case and I feel like many of you are missing the point of this thread.

I keep reading posts where posters mention homes in 400K-500K range, but you're all focused on what YOU are able to afford NOW, NOT what the OP (and others) might have possibly paid a number of years ago (which could have been under 300K for all you know) and what the homes are selling for in her neighborhood now (could be 250K or less. Just many of you aren't househunting in those neighborhoods.)





you are right in that respect. I have NO idea how much the OP paid for her house, or where she lives for that matter.

the thing that sticks in my craw MOST about this thread is the people are comparing class with money.

that if you pay less, you care less.

and that, as an across the board mentality, makes me ill.

so, if I am missing the point of this thread, I apologize.

I just can't get past the gyst of it.


ETA: to further explain, to ME, it seems it would be EXTREMELY premature to think about leaving your home b/c of a downturn in the market when you don't even know WHO your new neighbors will be.

to ME, that is making an assumption that people that pay less respect their homes, their neighborhoods and each other less than you do...

there are MANY MANY factors that go in to the "ruination" of a neighborhood, and MOST of them are NOT a reflection of the majority of the people that live there.

that is not even taking CULTURAL differences into consideration. I mean...it just seems to predjudicial..the whole concept.

Message edited 1/22/2008 12:07:27 PM.

Posted 1/22/08 12:01 PM
 

Ophelia
she's baaccckkkk ;)

Member since 5/06

23378 total posts

Name:
remember, when Gulliver traveled....

Re: Number of Homes For Sale + Decrease Market= Changing Neighborhoods

Posted by Chatham-Chick

So I just did a search on MLSLI to see what's out there for 300K or less. I saw over 1500 plus homes. Why are some of you having such a hard time finding a house??? Chat Icon



b/c I want to move to Huntington Chat Icon

search for me there!

Posted 1/22/08 12:02 PM
 

Chatham-Chick
*********************

Member since 5/05

10311 total posts

Name:

Re: Number of Homes For Sale + Decrease Market= Changing Neighborhoods

Posted by Ophelia

Posted by Chatham-Chick

So I just did a search on MLSLI to see what's out there for 300K or less. I saw over 1500 plus homes. Why are some of you having such a hard time finding a house??? Chat Icon



b/c I want to move to Huntington Chat Icon

search for me there!




Why do you want to live in Huntington? Why not Huntington Station? Same schools, some beautiful neighborhoods!

Posted 1/22/08 12:07 PM
 

Ophelia
she's baaccckkkk ;)

Member since 5/06

23378 total posts

Name:
remember, when Gulliver traveled....

Re: Number of Homes For Sale + Decrease Market= Changing Neighborhoods

Posted by Chatham-Chick

Posted by Ophelia

Posted by Chatham-Chick

So I just did a search on MLSLI to see what's out there for 300K or less. I saw over 1500 plus homes. Why are some of you having such a hard time finding a house??? Chat Icon



b/c I want to move to Huntington Chat Icon

search for me there!




Why do you want to live in Huntington? Why not Huntington Station? Same schools, some beautiful neighborhoods!



I have no idea. I am actually not planning on moving to LI at all Chat Icon

but if Huntington Station has a nice house...why wouldn't I move there?



Posted 1/22/08 12:10 PM
 

Ophelia
she's baaccckkkk ;)

Member since 5/06

23378 total posts

Name:
remember, when Gulliver traveled....

Re: Number of Homes For Sale + Decrease Market= Changing Neighborhoods

you wanna talk reality, here goes

the reality is there MUST be some neighborhoods where people who make less can live. there are no two ways about it.

and, since they don't make as much as you do, perhaps they can't afford to reside their house every 10 years, or paint it every 5.

not being able to afford something and not caring are two very different things.

like I said, I understand your house is an investment. but so too should your community be. and if you are worried about curb appeal effecting the value of your house, why not go talk to your neighbor...offer a painting party when things aren't looking too good.

I mean granted, there are people who DON'T care, but that happens at every price range.

get your bankers and RE agents involved in the community. it behooves them as much as you to keep building it up, even IF the prices go down.

Posted 1/22/08 12:16 PM
 

Chatham-Chick
*********************

Member since 5/05

10311 total posts

Name:

Re: Number of Homes For Sale + Decrease Market= Changing Neighborhoods

Posted by Ophelia

you are right in that respect. I have NO idea how much the OP paid for her house, or where she lives for that matter.

the thing that sticks in my craw MOST about this thread is the people are comparing class with money.

that if you pay less, you care less.

and that, as an across the board mentality, makes me ill.

so, if I am missing the point of this thread, I apologize.

I just can't get past the gyst of it.


ETA: to further explain, to ME, it seems it would be EXTREMELY premature to think about leaving your home b/c of a downturn in the market when you don't even know WHO your new neighbors will be.

to ME, that is making an assumption that people that pay less respect their homes, their neighborhoods and each other less than you do...

there are MANY MANY factors that go in to the "ruination" of a neighborhood, and MOST of them are NOT a reflection of the majority of the people that live there.

that is not even taking CULTURAL differences into consideration. I mean...it just seems to predjudicial..the whole concept.



If may not be about "Pay less, care less", but maybe it's more about "pay less, might not be able to afford maintenance/upkeep". Again, don't assume we're talking about 400K+ neighborhoods here.

ETA: I was too late with the Post key. Chat Icon You beat me to it. Chat Icon

Message edited 1/22/2008 12:23:50 PM.

Posted 1/22/08 12:22 PM
 

Goobster
:)

Member since 5/07

27557 total posts

Name:
:)

Re: Number of Homes For Sale + Decrease Market= Changing Neighborhoods

Posted by Chatham-Chick

F That's NOT the case and I feel like many of you are missing the point of this thread.





I agree. I stopped trying to explain, seems some people can't understand the OP's point (one I agreed with).

Message edited 1/22/2008 12:34:00 PM.

Posted 1/22/08 12:26 PM
 

Goobster
:)

Member since 5/07

27557 total posts

Name:
:)

Re: Number of Homes For Sale + Decrease Market= Changing Neighborhoods

Posted by Chatham-Chick

So I just did a search on MLSLI to see what's out there for 300K or less. I saw over 1500 plus homes. Why are some of you having such a hard time finding a house??? Chat Icon



Chat Icon Let's talk truth here.

Posted 1/22/08 12:29 PM
 

Ophelia
she's baaccckkkk ;)

Member since 5/06

23378 total posts

Name:
remember, when Gulliver traveled....

Re: Number of Homes For Sale + Decrease Market= Changing Neighborhoods

Posted by Chatham-Chick

Posted by Ophelia

you are right in that respect. I have NO idea how much the OP paid for her house, or where she lives for that matter.

the thing that sticks in my craw MOST about this thread is the people are comparing class with money.

that if you pay less, you care less.

and that, as an across the board mentality, makes me ill.

so, if I am missing the point of this thread, I apologize.

I just can't get past the gyst of it.


ETA: to further explain, to ME, it seems it would be EXTREMELY premature to think about leaving your home b/c of a downturn in the market when you don't even know WHO your new neighbors will be.

to ME, that is making an assumption that people that pay less respect their homes, their neighborhoods and each other less than you do...

there are MANY MANY factors that go in to the "ruination" of a neighborhood, and MOST of them are NOT a reflection of the majority of the people that live there.

that is not even taking CULTURAL differences into consideration. I mean...it just seems to predjudicial..the whole concept.



If may not be about "Pay less, care less", but maybe it's more about "pay less, might not be able to afford maintenance/upkeep". Again, don't assume we're talking about 400K+ neighborhoods here.

ETA: I was too late with the Post key. Chat Icon You beat me to it. Chat Icon




I understand completely about the upkeep...but I just don't see how abandoning a neighborhood b/c of that is the solution.

and let's face it, anything can happen to anyone at any time. people can fall on financial hard times from any tax bracket.

I would imagine that the drop in home prices across the board and the difficulty in securing a mortgage for more than one can chew is actually a GOOD thing for neighborhoods in terms of upkeep.

but the "those" people mentaility. like I said...it kills me.

"those" people can sometimes be the best neighbors you can have. b/c while they may have paint chipping off their porch, you are always welcome to sit on it.

Posted 1/22/08 12:32 PM
 

Ophelia
she's baaccckkkk ;)

Member since 5/06

23378 total posts

Name:
remember, when Gulliver traveled....

Re: Number of Homes For Sale + Decrease Market= Changing Neighborhoods

Posted by Goobster

Posted by Chatham-Chick

F That's NOT the case and I feel like many of you are missing the point of this thread.





I agree. I stopped trying to explain, seems some people can't understandthe OP's point (one I agreed with).



what can I say. My comprehension level is low.

Posted by Goobster

Posted by Chatham-Chick

So I just did a search on MLSLI to see what's out there for 300K or less. I saw over 1500 plus homes. Why are some of you having such a hard time finding a house??? Chat Icon



Chat Icon Let's talk truth here.



I was throwing 300k out as a number in relation to the numbers I am seeing.

I have no idea what anyone's real number is.

and it's not necessarily my number either (although I'd love for it to be)

Message edited 1/22/2008 12:36:19 PM.

Posted 1/22/08 12:33 PM
 

Goobster
:)

Member since 5/07

27557 total posts

Name:
:)

Re: Number of Homes For Sale + Decrease Market= Changing Neighborhoods

Posted by Ophelia

Posted by Goobster

Posted by Chatham-Chick

F That's NOT the case and I feel like many of you are missing the point of this thread.





I agree. I stopped trying to explain, seems some people can't understandthe OP's point (one I agreed with).



what can I say. My comprehension level is low.



I would say your comprehension level is low on this topic b/c you have never been in the OP's situation. We learn from our experiences, and personally I fully understand and agree with the OP's main point.

I have seen it happen in my own neighborhood. People who squeak by in purchasing their homes and then the either need "help" paying the mortgage or they let the outside go to crap b/c they are just happy to own a home and do the bare minimum. Or they are always working to afford that home and never do any outside upkeep. And the rest of us have to look at that. Just doesn't make for an appealing neighborhood.

Message edited 1/22/2008 12:38:13 PM.

Posted 1/22/08 12:35 PM
 

Ophelia
she's baaccckkkk ;)

Member since 5/06

23378 total posts

Name:
remember, when Gulliver traveled....

Re: Number of Homes For Sale + Decrease Market= Changing Neighborhoods

Posted by Goobster

Posted by Ophelia

Posted by Goobster

Posted by Chatham-Chick

F That's NOT the case and I feel like many of you are missing the point of this thread.





I agree. I stopped trying to explain, seems some people can't understandthe OP's point (one I agreed with).



what can I say. My comprehension level is low.



I would say your comprehension level is low on this topic b/c you have never been in the OP's situation.



why would you presume to know that, or anything else about me?

And, I think I made clear that I understand her point...

Message edited 1/22/2008 12:39:15 PM.

Posted 1/22/08 12:37 PM
 

Chatham-Chick
*********************

Member since 5/05

10311 total posts

Name:

Re: Number of Homes For Sale + Decrease Market= Changing Neighborhoods

Posted by Ophelia

you wanna talk reality, here goes

the reality is there MUST be some neighborhoods where people who make less can live. there are no two ways about it.



The reality is, there are! People don't want to live there because of the crime, low property values, etc..


Posted by Ophelia
and, since they don't make as much as you do, perhaps they can't afford to reside their house every 10 years, or paint it every 5.

not being able to afford something and not caring are two very different things.



I totally understand that, but there's more to maintaining a house than siding and curb appeal.


Posted by Ophelia
like I said, I understand your house is an investment. but so too should your community be. and if you are worried about curb appeal effecting the value of your house, why not go talk to your neighbor...offer a painting party when things aren't looking too good.



Painting party sounds great, but a bit idealistic. That could be quite insulting and embarrassing to a neighbor.


Posted by Ophelia
I mean granted, there are people who DON'T care, but that happens at every price range.



Less likely when you have a bigger investment.

Posted 1/22/08 12:37 PM
 

Goobster
:)

Member since 5/07

27557 total posts

Name:
:)

Re: Number of Homes For Sale + Decrease Market= Changing Neighborhoods

Posted by Ophelia

Posted by Goobster

Posted by Ophelia

Posted by Goobster

Posted by Chatham-Chick

F That's NOT the case and I feel like many of you are missing the point of this thread.





I agree. I stopped trying to explain, seems some people can't understandthe OP's point (one I agreed with).



what can I say. My comprehension level is low.



I would say your comprehension level is low on this topic b/c you have never been in the OP's situation.



why would you presume to know that, or anything else about me?



I didn't presume, I simply read your posts and you seem to imply you want to buy a home. I didn't presume. And I edited my above post to add more. And you said your comprehension level was low, not me, I just repeated what you said.

Message edited 1/22/2008 12:40:12 PM.

Posted 1/22/08 12:39 PM
 

Maathy317
Grammie's Little Man

Member since 2/06

3235 total posts

Name:
D

Re: Number of Homes For Sale + Decrease Market= Changing Neighborhoods

Posted by Ophelia

Posted by curliegirl


It's just reality and we are all so itchy to get offended that we are blinded to the real truth hereQUOTE]

I can tell you that your statement does not reflect my reality Gina.

the point is, the "realities" of whatever happened to Maathy's area of Brooklyn (which i'd LOVE to know what area that is) or CI, or any other area is NOT the reality of what is going to happen in most areas of LI.

homes are coming down from RECORD highs right now.

we are talking about them becoming more affordable to people you talk to on these boards every day. to people like ME, who would rather wait until prices came down so they can afford a home that they want and maintain a semblence of the lifestyle they had prior to becoming homeowners.

I hardly call that a neighborhood going to Pot...

so if people want to say something about me b/c I am waiting for a house to drop down from 400,000 to 300,000 so be it.

if that makes me one of "those' people, so be it.

I don't decorate my house with icicles OR puffy lawn ornaments, if that is anyone's concern.

my family does not come over to take pictures on top of my BMW.

Peole are acting like Oyster Bay is going to turn into East New York b/c home prices are dropping...I can ASSURE you that is not going to happen.

and if you bought your home at a high price in a neighborhood that could be succeptilbe to such a rapid decline, well I would say that is bad planning and research on your part, and a bad investment.

if you are so concerned about people moving in that paid less for their homes (and thereby being people that don't care as much, b/c that is the assumption here) form a BLOCK ASSOCIATION. make sure you "stake your claim" make sure you let people know this is what YOU want YOUR neighborhood to be like.

don't just cut and run b/c you are afraid of poor people.



The area of Brooklyn I lived in was Bushwick. I lived on Wilson Avenue near Menahan Street. You put realities in quotes as if what I said didn't happen or maybe I am just exaggerating. You can believe me or not, but, I saw a beautiful community turned into a slum because of the quality of people who moved in. Being poor had nothing to do with it. No one in that neighborhood was rich or well-off, but, they, actually gave a d*mn about where they lived. I don't care if you're rich, poor or somewhere in between. There is no need for any neighborhood to deteriorate as this one did. Slums don't make themselves. People make them and that's exactly what happened here. Thankfully, as I stated before, a better quality of people moved in and are trying to revitalize the area.

Posted 1/22/08 12:40 PM
 

Ophelia
she's baaccckkkk ;)

Member since 5/06

23378 total posts

Name:
remember, when Gulliver traveled....

Re: Number of Homes For Sale + Decrease Market= Changing Neighborhoods

Posted by Goobster


I have seen it happen in my own neighborhood. People who squeak by in purchasing their homes and then the either need "help" paying the mortgage or they let the outside go to crap b/c they are just happy to own a home and do the bare minimum. Or they are always working to afford that home and never do any outside upkeep. And the rest of us have to look at that. Just doesn't make for an appealing neighborhood.



by this logic, current climate seems better suited to these issues. harder to get a mortgage and lower home prices.

it seems that whether your purchase your home for 500k or 200k it is what you have in the bank after that counts.

the assumption is that the person with 500k has more, but I think the market has been showing quite the opposite.

Posted 1/22/08 12:42 PM
 

Goobster
:)

Member since 5/07

27557 total posts

Name:
:)

Re: Number of Homes For Sale + Decrease Market= Changing Neighborhoods

Posted by Chatham-Chick

Posted by Ophelia

you wanna talk reality, here goes

the reality is there MUST be some neighborhoods where people who make less can live. there are no two ways about it.



The reality is, there are! People don't want to live there because of the crime, low property values, etc..


Posted by Ophelia
I mean granted, there are people who DON'T care, but that happens at every price range.



Less likely when you have a bigger investment.




I agree on both counts.

Posted 1/22/08 12:42 PM
 

Goobster
:)

Member since 5/07

27557 total posts

Name:
:)

Re: Number of Homes For Sale + Decrease Market= Changing Neighborhoods

Posted by Maathy317

The area of Brooklyn I lived in was Bushwick. I lived on Wilson Avenue near Menahan Street. You put realities in quotes as if what I said didn't happen or maybe I am just exaggerating. You can believe me or not, but, I saw a beautiful community turned into a slum because of the quality of people who moved in. Being poor had nothing to do with it. No one in that neighborhood was rich or well-off, but, they, actually gave a d*mn about where they lived. I don't care if you're rich, poor or somewhere in between. There is no need for any neighborhood to deteriorate as this one did. Slums don't make themselves. People make them and that's exactly what happened here.



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Posted 1/22/08 12:44 PM
 
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