Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
11% of the houses in the US are empty. Hmmm.
I tried to Google News Stories to receive a big fat Zero (0), because this story is not covered by the major media outlets trying to fool you into believing the USA is in recovery (the lie). The only good deals allow the seller to lose everything and the new owner to pick up distressed property for next to nothing. The reason is that there is no bottom in the housing market that is on the way to ultimate collapse by design. That is why Goldman Sucks shorted the housing market at the same time that they shoveled bad loans to suckers.Nearly 11 Percent of US Houses Empty
On Monday January 31, 2011, 5:42 pm EST
I usually find the quarterly homeowner vacancy and homeownership report from Census pretty lackluster, but the latest one released this morning was anything but.
America's home ownership rate, after holding steady for a while, took a pretty big plunge in Q4, from 66.9 percent to 66.5 percent. That's down from the 2004 peak of 69.2 percent and the lowest level since 1998.
Homeownership is falling at an alarming pace, despite the fact that home prices have fallen, affordability is much improved and inventories of new and existing homes are still running quite high.
Bargains abound, but few are interested or eligible to take advantage.
More concerning than the home ownership rate is the vacancy rate. The Census tables don't tell the entire story, but they tell a lot of it. Of the nearly 131 million housing units in this country, 112.5 million are occupied. 74.8 million are owned, and that's only dropped by about 30 thousand in the past year. 38 million are rented, but that's up by over a million year over year. That means more new households are choosing to rent.
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.
Slideshow: 10 U.S. Cities Where Renting Beats Buying
[More]
eat a dick, faggot.....
eat a dick, faggot.....
Ahh a post worthy of your intelligence and integrity.
eat a dick, faggot.....
Ahh a post worthy of your intelligence and integrity.
very worthy follow up to any post from rdean......
Ahh a post worthy of your intelligence and integrity.
very worthy follow up to any post from rdean......
i guess that's a matter of opinion. *shrug*
the number one cause of bankruptcy IS unanticipated medical bills, constituting approximately 50% of all bankruptcies filed.
More than there used to be because of the Bush bankruptcy laws