I've recently found a property that will more than likely be going into auction next month that is worth over $100,000+ Lake Drive Virginia Beach, Virginia 23464 (Tax Map ID No. 146643179800) Default having been made in the terms of a certain Deed of Trust dated March 29, 2002, in the original principal amount of $38,000.00 and recorded in the Clerk's Office of the Circuit Court of the City of Virginia Beach, Virginia in Deed Book 4667, page 822, the undersigned Substitute Trustees, will sell at public auction on April 27, 2009, at 8:30 a.m., in front of the building housing the Virginia Beach Circuit Court, facing Nimmo Parkway (Building 10), Virginia Beach Judicial Center, 2425 Nimmo Parkway, Virginia Beach, VA, the property designated as Lot 15, Block A, on the plat entitled "Plat of Chatham Hall, Phase 6, Part B", recorded in the aforesaid Clerk's Office in Map Book 126 at page 46.

As for land price reduction, technology will make human redundant, so human population will reduce substantially and substitute by technology and robot (making more economic sense to produce robots than producing human).

Wipe away the entry costs and you have substituted you management skills for what otherwise would have been financed.

The use of "neutral" is a bad word choice... in NC at least, the trustee can't be an agent of the owner of debt (e.g. bank) hence the debt holder substitutes as trustee an attorney firm to execute the power of sale.

Economic aspects are scarcity, modification or improvements, permanence of investment or fixity and area preference or "situs" which may include intrinsic values or satisfies other needs.Real estate is unique, drop back to your Economics 101 class, "factors of production" in economics are land, labor, capital and entrepreneurship. land is the only factor that can not be replaced as a factor or requirement to produce goods or services, all other factors may be substituted, if you have less capital, more labor may be used to obtain the desired outcome. 

Brock and Scott is one of the biggest substitute trustees (step in for the banks) in foreclosure proceedings so they have their share of experience in dealing with that end of the business.

(A recorded trustee's deed (or similar alternative) confirming the amount paid by the grantee to trustee may be substituted for a settlement statement if a settlement statement was not provided to the purchaser at time of sale.)

There is no substitute for on the ground viewing.

Pex IS NOT a substitute for insulation/heat tracing in cold climates, in areas where plumbing is exposed to the elements.

I don’t disagree with the (very emphatic) live at home sentiment at all- and don’t misunderstand my comment to say you need to purchase a home for some perceived status. what I should have clarified is that there is no substitute for experience!