02-19-2009, 02:43 AM
JoeH wrote:
[quote=kj]
Btw, why are vacant houses such an incredible drag on neighborhoods? There are several houses in our neighborhood that I wish were vacant.
Why, because unless there is a seller around to take care of the property, after a while the grass is not mown, the house itself not kept up, and sometimes even broken into and vandalized. A number have even been taken over to use for drug manufacture and sales in many areas. That definitely does nothing good for the property values of the neighboring owners. But as I noted in another post, sometimes a quick foreclosure sale is even worse, the person who has the available money to buy may not have any desire to do well with the property or neighbors.
Seriously, that's not much different than our Californian-owned rentals around here. How about this: move my family into a nicer house with the same payments, and the defaulters can have mine? kj.