U.S. Vacant Housing Hits Record 19 Million

[MarketNeutral]

The Commerce Department reported that the number of vacant housing units in the United States increased to a record 19 million in the first quarter of the year, up from 18.9 million in the fourth quarter.
http://www.inthemoneystocks.com/n_rant_and_rave_blog_single.php?id=7130

[Spectrism]

How would they know they are vacant unless they are bank owned?

If the amount owed is (guess) $100,000 on average, this would be $1.9 trillion in "lost" money.

Hmmmm.... how much did our government borrow in the past 14 months?

[Ponce]

Remember that the banks wont say exactly how many houses are closed down, they don't want to scare the cheeps away so that they hide the numbers.

[freedom42]

The couple down the street from me haven't paid their mort in 12 months, and are still living there saving the 2k a month. They plan on leaving soon to buy a place out of state.

The banks won't come clean on all the foreclosures that they are holding, as that would make them more insolvent than they are.

Lots of empty houses here without a trace of a for sale sign.

[General of Darkness]

But just two weeks ago some ass hat said that we need to build more homes. Was this lying POS talking about building them on the moon? :dunno

[Ponce]

No need to worry, as soon as the government gets rid of 2/3 of the population there will be plenty of empty houses.