Some new developments in California are mostly, or just about entirely, vacant.
The housing industry had been stepping on the accelerator for a few years at the beginning of the decade. As big as it is, it gained momentum over those years. But now that it’s been barreling along so fast for so long, it will [...]
Entries from August 2008
Modern-day ghost towns
August 22nd, 2008 · No Comments
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Virulent foreclosure side effects
August 16th, 2008 · No Comments
Foreclosures are making people sick. Literally. It’s possible that there is a link between the West Nile virus and foreclosed properties, particularly properties with swimming pools that become standing water once abandoned and provide a home to lots of mosquitoes.
Falling property values in neighborhoods with abandoned houses makes sense. Increased crime due to vandalism of [...]
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Do you have any friends facing foreclosure?
August 5th, 2008 · No Comments
Even though it’s hard to go more than a few days without hearing about the housing slump and foreclosures, it’s a bit of a distant concept if no one you know has faced it.
Well, over the past couple of weeks we took a "love offering" at our church for one of our families. A substantial [...]
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