Buying expensive items online from the people you’ve never mett without any guarantees on the seller’s part might seem a bit risky even for an experienced Internet shopper, but apparently the “hotness” of real estate investment market influences some cash-heavy investors to look for opportunities online. When the entire transaction is done via a click of the mouse, and the deed for newly bought real estate arrives in the mail, some unsuspecting buyers might discover that a cozy house near the bus line in the middle of a busy street might imply a criminalized neighborhood and proximity to crack house. New York Times investigates negative experiences of people buying investment real estate online.
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