Quote:
Originally Posted by Mike Oxlong
It's pretty eye opening and sobering to see what these people are going through. I couldn't imagine getting turfed from my home and having to leave everything behind. You hear about it on the news all the time but that really brings a new element of realism to the situation.
What I want to know is where are all these people going?
It's not like they get foreclosed on and don't need shelter. Are the rental markets going nuts down there? Are the people moving from California Vegas, Florida etc.. to other areas of the country?
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From Florida atleast ,yeah. I can think of about 5 families who more or less walked out on their homes to move to Alabama, Tennessee, etc. lower cost of living there on average. In a previous posting someone asked why I didnt rent an apt. instead of buying when I did. One of the reasons was that the rents were insane. $1500 was cheap for a tiny 1BR in a decent neighborhood.