Since Sabrina has been here we have been going on a bike ride every morning. "UGH" We live in a huge, closed neighborhood so it's a great place to ride bicycles. Well it used to be anyway.Our neighborhood-"Crossroads" was built during the big housing boom-low interest, variable rate loans, no down payments, and anyone would qualify. The great American dream of owning a home became a reality to families who thought they never would. The neighborhood filled up, and values went up and up and up, and then it all came tumbling down.
Now everywhere you go there are empty, abandoned houses. I've heard stories of people in foreclosure just gutting their houses-taking everything with them-fl
oors, counter tops, lights, even toilets. And just leaving.Some put their home up for rent and then buy something cheaper somewhere else, only to let the rental fall into foreclosure. What happened to honesty?
How did this happen? More importantly, how is it going to be fixed? Everywhere you look there are dead, burnt lawns. Empty houses everywhere. Who will buy them?
And then there are those of us that still pay our mortgages on our homes that are no longer worth wha
t we paid for them.I'm sure there are analysts and economists, realtors, brokers, and investors who probably understand how and why this all happened. There are even probably long-range plans for recovery.
But I'm just an ordinary person who sees the dead lawns and empty windows and feels sad for the lost American dream.
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1 comment:
I know. And even with prices as low as they are, we can't find a home closer to....well, home. It makes me sad, too.
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