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Foreclosures!

July 18th, 2009 at 03:45 pm

Do you have a lot of foreclosures in your area? We seem to. The paper is filled with foreclosures notices every week. I am amazed at how many names I know or at least recognize in the paper. I feel so sorry for these people.

Sadly, our area has really grown in the past 10 years and everyone here became a builder. Our grading guys (both of them) became builders. Doctors and lawyers became builders. Everyone that could borrow money became a builder. Now, we have hundreds of spec homes in this area, just sitting empty, up for sale. I am afraid it is going to take a long time for our area to recover.
However, now that the state is requiring all builders to become licensed, we have a lot less builders in this area.
That is good, but I am afraid it came too late.

3 Responses to “Foreclosures!”

  1. Carol Says:
    1247943001

    I was just saying the same thing about foreclosures to myself this morning. I noticed that in the last year 4 homes in my neighborhood have been forclosed on, not to mention how many more in my town. We're talking older homes, not recently built ones, and not homes that were horribly expensive. I often wonder what happened (job loss? poor money management?) to make these people lose their homes.

  2. Ima saver Says:
    1247948229

    Many of the homes around here were brand new homes, or spec houses.

  3. baselle Says:
    1247966823

    Not so many yet here in Seattle, but we behind the times by about 18 months. It will happen here eventually - we've been losing jobs right and left.

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