Friday, March 19, 2010

Houses Made Out of Old Tires Don't Get Much Respect

A couple in Colorado that built their house out of old tires and other old garbage got a rude awakening from banks that they won't be able to refinance their house. Without comparable comps, in other words, other houses made out of the same materials, the banks can't get an accurate appraisal. Apparently, owners of log cabins, underground homes, dome homes, and other out-of-the-ordinary homes are experiencing similar difficulties.

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