They're all over the place here. One guy lost his house because the county doubled taxes. It nauseates me the way things happened. That guy's house is still empty.
I talk to a lot of people, and it just pains me to hear their stories. Bush and Obama were both a couple of real assholes.
Aboslutely.
I use to flip houses with a group of guys back in the late 90's.
At that time you never stopped looking for houses. It took a while to find one, there just wasn't a lot of empty houses out there.
Today, good God.... they are everywhere. Cheap...crappy little 2 brdm homes to 4-5 bdrm homes in good neighborhoods.
It is unbelievable.
The truth is nobody wants to own a home anymore. Rental is a big thing today. People don't want the hassle of repairs, government, increasing costs. Working couples just want to come home and relax after a hard days work.
I use Craigs List for my tenants and have had reasonably good luck. I used to put out an ad and get one or two replies in the first couple of days. Now if I put out an ad, I get over a dozen on day one.
I think the problem is too much personal debt and bad credit ratings
Kids used to come out of college, work a couple of years and then look for a starter home
Now they are stuck with ten or more years of student loan payments and high credit card debt
That's part of it, but it seems to extend beyond those with college loans. My bosses son works with us and one day while on dead time, he told me of how his piers thought, and said he was embarrassed of his generation.
He said they want no responsibility whatsoever. They don't want to own a home, a car, appliances, none of that. Some don't even own their television set. They rent everything and just pay the bills at the end of the month.
Some of it has to do with government. Nobody wants do deal with those assholes anymore, and I can't blame them; I'm sick of dealing with them too.
My cousin was cited for having some cracks in her driveway, so when she went to get an estimate on a new one, they wanted over 10K. She was living check to check as it was. How could she afford that and what business is it of the cities how many Fn cracks she has?
Her kids were grown and gone, so she just left the house and rented one from somebody else. She said she's never been happier. She doesn't have to worry about major repairs, she doesn't have to worry about government, she doesn't have to worry what she will do if HUD moves in their lowlifes and the neighborhood goes to hell. She can just pack up and leave.