Less-Obvious Foreclosure Fall-Out

Posted By: Dr. Frugal in Economics on 11/14/2007 at 06:37:21

From Yahoo, apparently many of the empty houses caused by the foreclosure fiasco are now being filled once again--by vagrants of various types. Drug dealers, prostitutes, run-of-the-mill homeless--but they're all causing Realtors to keep their clients away.

Duh. I don't care how great of a house it is, I'm not moving my family anywhere that has sets of neighbors who are drug dealers...well, maybe in Beverly Hills where the drug dealers like Paris Hilton but you know what I'm saying. And I wouldn't live next to Paris Hilton anyway.

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