Metal pipes worth more than some US homes

rmowery

4-2-2008 8:12 PM

135 views

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/864329fe-61f2-4417-851c-df3cc767ee67/16C8D36D-9877-4CE6-B51D-E66F05FAA656/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.telegraph.co.uk/news/main.jhtml?xml=/news/2008/04/02/wushomes102.xml" href="http://www.telegraph.co.uk/news/main.jhtml?xml=/news/2008/04/02/wushomes102.xml" style="font-size: 11px;">www.telegraph.co.uk</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.telegraph.co.uk/news/main.jhtml?xml=/news/2008/04/02/wushomes102.xml"><H1> Metal pipes worth more than some US homes </H1></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.telegraph.co.uk/news/main.jhtml?xml=/news/2008/04/02/wushomes102.xml"><P class="story2">Copper pipes and wiring found in many of America's repossessed homes are now more valuable than the properties themselves.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.telegraph.co.uk/news/main.jhtml?xml=/news/2008/04/02/wushomes102.xml"><P class="story2">Across the country thieves are stripping empty houses of the copper, aluminium, and brass in their plumbing and heating systems to take advantage of the crashing property market and the soaring price of scrap metal, much of which is sold to China and India.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.telegraph.co.uk/news/main.jhtml?xml=/news/2008/04/02/wushomes102.xml"><P class="story2">The trend has accelerated as the glut of unwanted properties clog the market, dragging down house prices.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.telegraph.co.uk/news/main.jhtml?xml=/news/2008/04/02/wushomes102.xml"><P class="story2">"Houses are getting stripped pretty quickly once they go through the foreclosure process," said Tony Brancatelli, a city councillor in Cleveland, Ohio, which has been particularly hard hit.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/16C8D36D-9877-4CE6-B51D-E66F05FAA656/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

tags:

copper pipes, homes, metal, foreclosure, economy

1 Comment |

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4-3-2008 2:49 AM

tanyamm

The area where I live thieves are hitting new construction sites as well as telephone service to thousands because they go after the copper wire in the phone cables. Thing is, they get arrested and they're right back on the street.

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