Charles Smith at Seeking Alpha has an interesting post estimating that the number of people living in their homes but not paying their mortgages — people delinquent on their mortgages, people in foreclosure, strategic defaulters and others — might be as high as 4.4 million. He uses FDIC and More…
Over at Hungry Hungry Hippos. they’ve taken me to task for my post Wednesday on efforts in Flint, Mich. to deal with abandoned and vacant properties by literally shrinking the size of their city — cordoning off the blight and leaving it behind. I had written that Flint More…
The tent cities in Sacramento, Calif., which we described recently, and the increasing number of shanty towns detailed in The New York Times today, are only part of the crisis in America’s cities. As we’ve written, vacant and abandoned foreclosed homes in some communities have become a More…
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