The foreclosure crisis has taken a turn in California’s wealthy Marin County, according to Miriam Alex-Lute at Rooflines. Marin residents waged a legal fight a
“„Just three years ago, Marin county residents were busyraising money for a legal fight to stop Habitat for Humanity from building four homes affordable to families making under $56,000/year, saying it would “blight” their exclusive neighborhood of million dollar plus houses. (The project is still being debated.)
“„But now they are being welcomedwith open arms in another part of the county as they renovateone of the foreclosed homes that even Marin has acquired a passel of. Habitat bought the house, which needs extensive rehab, for $215,00. It doesn’t sound affordable exactly to those of us in more affordable parts of the country, but in a county where the median home price is $800,000, I guess it qualifies.