Renter · Jersey City, NJ · Member since 2014 · 38 posts · 13 votes
Hey all!
Who is washing dishes and checking their BP inbox?
So I been made aware of a program in Newark that allows you to buy a plot of land for $1K...but you have to prove you have financing in place to pay for new construction and have the job started completed within 18 months of purchasing the deed.
Is this a good avenue to go down? Have others taken part in similar auctions? How much would new construction of say a two or three family home cost, round about? Would FHA loans apply?
I'll do my best to respond to all comments and thanks again :-)
How can they say it's for "couples"? That's discriminatory, based on familial status and marital status. Of course if it's a govt. agency I guess they can discriminate, the laws are for us minions.
Renter · Jersey City, NJ · Member since 2014 · 38 posts · 13 votes
11y
@Erik Pedersen yes it is for couples who plan to live there for at least five years. Fiancé and I are discussing it...concerned that the nabes these are in are just shot to crap, tho.
How can they say it's for "couples"? That's discriminatory, based on familial status and marital status. Of course if it's a govt. agency I guess they can discriminate, the laws are for us minions.
Realtor, General Contractor, and Developer · Redding, CA · Member since 2009 · 7k+ posts · 4k+ votes
11y
I'm all for local governments selling lots and getting their economies going, as construction is the backbone of America. However; I don't think they should limit it to one class of buyer, and can probably get sued for discrimination, at least we could if we tried such a stunt!