Monday, April 11, 2011

American Ghost Towns of the 21st Century

There are several counties in America, each with more than 10,000 homes, which have vacancy rates above 55%. The rate is above 60% in several.
Most people who follow unemployment and the housing crisis would expect high vacancy rates in hard-hit states including Nevada, Florida and Arizona. They were among the fastest growing areas from 2000 to 2010. Disaster struck once economic growth ended.
Palm Coast, Fla., Las Vegas and Cape Coral, Fla., were all among the former high fliers. Many large counties which have 20% or higher occupancy rates are in these same regions. Lee County, Fla., Yuma County, Ariz., Mohave County, Ariz., and Osceola, Fla., each had a precipitous drop in home prices and increases in vacancy rates as homebuyers disappeared when the economy went south.
Data from states and large metropolitan areas do not tell the story of how much the real estate disaster has turned certain areas in the country into ghost towns. Some of the affected regions are tourist destinations, but much of that traffic has disappeared as the recession has caused people to sell or desert vacation homes and delay trips for leisure. This makes these areas particularly desolate when tourists are not around.
The future of these areas is grim. Our research showed that many have sharply declining tax bases which have caused budget cuts. Forecasts are calling for the fiscal noose to tighten on them even tighter.
More Here..

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  1. this is ending history. Based on this we see are part in great epic in men. like i said no economy runs if people cant work. no jobs is no cash. cash is cash no matter of money type. Gold. Silver. If your rich. Sure. though i know ghost towns have root in republican problem. bush spent money for real state money makers who blew it out on houses. No more people could offerd houses. So now demand they give houses for free. socialism must rise, where each man is equal and free. In money systems like this we become ghosts.

    - Sam

  2. ghosts are we, we love system money, socialism yes good for many, green bay packers a socialism team, owner of team green bay is citizens and no corporatiens, this is history ending, in jobs of epic cash is cash and bankers love cash fake, metels real, cash fake, sure ghosts are fun, for real estate ghost is many and a lot, offerd for people no, for govt broke again and for all time, money makers buy hoses, and houses too, for all give houses to friends

    lunatic retarded sam


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