[Eric in the Ozarks]

Wife's grandmother bought a lot in a subdivision back in the 80s for $2500./ She died at age 108 about five years ago and wife inherited the lot. Over the past few years, we'd received postcards from real estate people wanting to buy. We didn't sell because we had never seen the property.
When we got down there, we saw entire neighborhoods of locked up empty homes in the subdivision. As we got out of the car to look at the lot, a security guard pulled up to ask what we were doing there. He was hired by the bank to keep an eye out for squatters.
The bubble really popped in n. Florida...

[whipitgood]

Do you believe that all those homes were vacated by people who bought, but couldn’t afford, the homes? The whole neighborhood is in foreclosure?