Tuesday, March 21, 2017

When it gets real..

The local town a year ago... a year ago at the local town they started building houses at a local neighborhood that I called Cabelaville as a lark.. Mostly it was a joke on the local company that I called it Cabelaville because without the main company there would be no economy to support any such housing.. Back when they started to build or talk about building this part of the town we kept saying well when is going to be built.. Well they seemed to be dragging their feet.. Then the bottom dropped out and the company had a good little bit of their stocks bought by an investment company, they forced action to make their company stocks move which then happened this past October, a "merger" with another company.. I knew that this merger would likely destroy one or both of the companies which one is taking it in the shorts  now with the other trying to fulfill the merger but are seeing the other company failing and will likely either let it and buy the scraps that are left or will not bother figuring why buy any of it... Well watching the town gradually fall apart and knowing two years ago that this is what was going to happen..  I was taking my mom to physical therapy and out by the hospital is where the cabelaville is located and they started building two houses.. Now what this was supposedly going to do for the town was as some people were saying it was going to stop people from worrying and the town was going to be alright.. Well it was false hope, I knew it and a lot of other people did as well.. And if they thought there was hope it was quickly dashed a week ago when a restructuring was ordered by the company meaning mass layoffs..  The company is in major trouble.. Too much debt...  Today on Facebook another home is placed up for sale... https://www.zillow.com/homedetails/1180-Alvarado-Ct-Sidney-NE-69162/119396310_zpid/?view=public   It really hits you when you see this house added to the other hundred or so that have been placed up for sale and knowing that a lot of these won't be sold anytime soon...   A few weeks back my mom had said why doesn't my brother go hose hunting shortly.. Well it would be a great idea to find a house for cheap except for one thing.. The housing market hasn't collapsed completely yet... When that happens you will get this six bedroom house for a fraction of what it is going for now..   or this house: https://www.zillow.com/homes/for_sale/113889956_zpid/41.153224,-102.975691,41.148878,-102.983019_rect/16_zm/


Seriously when you see these houses, the one just above being placed as an estate sale that they are likely trying to see if anyone shows interest, likely they aren't really trying to sell it, whereas the house above that the people are having to sell because they lost their jobs and are likely going to have to move away to get a better paying job very soon... Very sad situation there... They may not be able to sell it anytime soon or for what they want for it...

Badge Henry