That Emptor Running On Empty

Costs of Losing House Mount for Whole Areas

Costs are mounting in areas hit hard by the wave of mortgage failures in ways other than personal loss. Where vacant houses are popping up like fleas, housing values fall, the tax base suffers, and businesses lose sales. BBC.com has an interesting analysis of the situation, and notes that bailing out the lenders will not help the communities that are afflicted.  Read more