Another h/t from The Lonely Conservative on this one for the links and picture.
Check out these links to the stories on how 11% of homes in America are now empty and what were regular towns are now becoming "Obamavilles". I'm just glad I didn't but that condo I was interested in a few years back. I'm mean it's already tough for me being unemployed still and all, but I know I'd really be hurting more financially and with my credit if I had bought that and then lost my job when I did. Before with my rent, my unemployment barely covered my rent, I know it would had not covered that mortgage or insurances.
Via CNBC.com:"...Now to vacancies. There were 18.4 million vacant homes in the U.S. in Q4 ’10 (11 percent of all housing units vacant all year round), which is actually an improvement of 427,000 from a year ago, but not for the reasons you’d think.
The number of vacant homes for rent fell by 493 thousand, as rental demand rose. 471,000 homes are listed as “Held off Market” about half for temporary use, but the other half are likely foreclosures. And no, the shadow inventory isn’t just 200,000, it’s far higher than that".
More on "Obamavilles" here on familysecurity matters.org