The Home Front

Record 1 in 9 Homes Vacant, Census Bureau Says

April 10, 2009 RSS Feed Print

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The Census Bureau reports that one in every nine American homes is currently vacant, according to USA Today: (via The Real Estate Bloggers)

More than 14 million housing units are vacant. That number does not include an estimated 4.8 million seasonal or vacation homes, most of which are occupied part of the year. The combined vacancy rate of almost 15% is higher than during previous recessions: 11% in 1991 and 9.4% in 1984.

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THIS ARTICLE IS A GOOD EXAMPLE OF WHY THE SENATE HAS GOT TO GET THIS BILL HR 1106, S.61 "HELPING FAMILIES SAVE THEIR HOMES" PASSED..... AND THE RECOVERY WILL FINAALY BEGIN. THE DAY THE SENATE PASSES THIS BILL.... WOULD BE THE DAY THE TURN AROUND TO END THIS FORECLOSURE CRISIS ..ONCE AND DORE ALL.
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KEEP PILING EMAILS, CALLS, LETTERS, TO EVERY SENATOR AND PUT THEM ALL UNDER THE SPOTLIGHT !
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ALSO NOW START EMAILING MEDIA OUTLETS..PAPER, RADIO, TELEVISION...TO LET THEM KNOW A BATTLE IS BREWING BY PROPONENTS OF HR 1106, S.61 "DEMANDING THE SENATE GET THIS BILL PASSED"
AMERICANS REFUSE TO HAVE THEIR SENATE "SOLD OUT" TO THE TAXPAYER MILTI BILLION BORROWED, BAILED OUT "BANKING INDUSTRY"
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THIS TIME THE SUPPORTERS OF "HELPING FAMILIES SAVE THEIR HOMES" HAVE GOT THE JUMP AHEAD OF THE "BANKING LOBBY" ... AND MAKE THE SENATE ANSWER TO THE AMERICAN PUBLIC... BEFORE THE FACT.. RATHER THAN AFTER TO BE HELD ACCOUNTABLE...

JAMES of CA 5:34AM April 12, 2009

Vacant homes just seem to fall apart--literally. It is expensive for lenders to evict foreclosed tenants. It is even more expensive for the property to fall into disrepair and lose whatever value it had. It would be to their advantage to let the people stay in the houses after foreclosure until the lender has found another buyer before evicting them. A win/win situation all around.

HillbillyBill of TN 3:15PM April 10, 2009