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So that's why he thinks this house is worth half a mil

Posted by: Tim Mullaney on April 12, 2006

A hat tip to Inman News Service for uncovering brave Colorado legislators rushing to fix what really scares us about this housing market: The chance that that dream house you’re seeking might turn out to be a secret methamphetemine lab….

Every day, I like my career decision to avoid politics a little better. Unless this is a spoof and Comedy Central is posing as a low-key real estate news service.

In theory, one supposes, you can actually get sick from buying a house where someone long ago played with chemicals. Inman knows of one case from 2003. But you’ll have to pardon me if I suspect Steve Colbert must have been elected to the Colorado state Senate.



BusinessWeek editors Chris Palmeri, Prashant Gopal and Peter Coy chronicle the highs and lows of the housing and mortgage markets on their Hot Property blog. In print and online, the Hot Property team first wrote about the potential downside of lenders pushing riskier, "option ARM" mortgages and the rise in mortgage fraud back in 2005—well ahead of many other media outlets. In 2008, Hot Property bloggers finished #1 in a ranking of the world's top 100 "most powerful property people" by the British real estate website Global edge. Hot Property was named among the 25 most influential real estate blogs of 2007 by Inman News.

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