#Foreclosed homes 89104 statistics Patch#
#Foreclosed homes 89104 statistics free#
#Foreclosed homes 89104 statistics mac#

The more vacant houses in a neighborhood, the more the values fall for the home owners who are trying to ride it out, and stay. Unemployed vandals throw rocks through the windows, break in and take anything of value that might still be left. Those people subsequently packed up and left town I know, because we bought some furniture (love seat: $20) from a young couple returning to California (moving back in with their parents).Įmpty houses don’t sell fast here there are too many of them. He is no longer a taxpayer a nearby community, short on tax revenue, just pink-slipped 35 percent of its workers. It seems no one is served by this loot & scoot mentality. Backyard palapa, plants, 4,000 paving bricks.” “Towel racks, toilet paper holders, closet rails.

#Foreclosed homes 89104 statistics free#

Free to the first person to dig them up and haul them off.” (“The bank may get my house, but not my shutters!”)” “Moving to Thailand Sale! Set of custom window shutters.

#Foreclosed homes 89104 statistics Patch#

“What these people want to leave the bank,” one realtor told me, “is basically a patch of dirt, with an empty box on it.” So they are looting the properties, just to make sure little or nothing of value is left for the banks. No, actually, few people want to go to the expense, trouble and time to remove things they probably don’t want to remember, from a house they want to forget. I thought people were just stealing what wasn’t nailed down. What was beneath the black waters of the half-filled pool was something we did not wish to discover. “Why would anyone take the toilets with them?” I remember asking at the time.Īnything of value that had been left behind had been vandalized. Feces was smeared on the walls, and in the carpets, and small fires had been set in several of the rooms. (“Handyman special” is another term to watch out for.) Someone had cut open a water bed, in a bedroom above the garage, and let it drain it took much of the bedroom floor and deposited it in the garage. We looked at one house during our home search it was charitably called a “fixer-upper”. The furniture stays,” says one poster’s ad. Lately, we’ve been reading up on the listings in to see what people are leaving Las Vegas with, and what they are leaving behind. My home, which I just bought for a very low price, sold for more than three times as much in 2006. Huge areas, such as tony Summerlin neighborhoods, have seen values drop by more than two-thirds since 2007. Foreclosures here have become epidemic (and a new industry, in and of itself, of people handling them & their fallout). Las Vegas, which was in the middle of a frothy building boom when the economy got hammered, was more vulnerable than most. Am I exaggerating? Check out this 39-photo essay of an entire subdivision’s demise.Īnyway, aside from perhaps Detroit, no other large metropolitan area in the country has been hit as hard by the recession (Phoenix residents might take issue with that statement). Either way, large swaths of Las Vegas (2010 population: 1.95 million) look like a ghost town (I wrote a 2009 column about Vegas’ “ghost hotel”, the unfinished Fontainebleau).

#Foreclosed homes 89104 statistics mac#

I think a large number of those went out of foreclosure and back to the banks (or government, in the case of Fannie Mae and Freddie Mac properties) holding the principal note – hence the lower number now.

Late last summer, as I recall, more than 61,000 homes were in foreclosure. That’s far fewer, actually, than were in foreclosure last year, my realtor friends in the area tell me. (Read here about how Nevada has led the nation in the rate of foreclosures for 52 straight months, as of April 2011.) Many are just being left.Ī better figure might be the one given on, which says 23,000 homes are in active foreclosure here. I think that figure is low – and misleading not all houses being vacated are being listed for sale. Nearly 20,000 homes are listed for sale in Las Vegas, according to. I’m going against the grain, it seems: I’m buying a house here, just as hundreds of thousands of other folks seem to be leaving.