Monday, Nov 12, 2007
Another interesting nail in the coffin for the US sub prime market… How long till this happens here?
NPR: Homes Left Vacant in Slump Mar Neighborhoods
A vacant home in a decent neighborhood used to be a rarity.
But in cities around the country, homeowners and investors — unable to afford the homes they bought — are abandoning their properties, marring the neighborhoods they leave behind.
In Phoenix, once one of the nation's hottest markets, tens of thousands of homes are vacant. The bulk of the homes were owned by investors who hoped to profit from booming housing prices.
Posted by nopensionnohouse @ 03:42 PM (204 views) Add Comment
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