It’s no new news how devastating the housing market crash has been all over the U.S., but these days it seems to be hitting closer and closer to home.
During these dark economic times, I feel blessed that my husband has a job with a decent income to afford me staying at home to raise our children and maintain a roof over our heads. But I know that my neighbors haven’t been so fortunate.
Our decision to move to this little suburb outside of Tampa almost 4 years ago seemed like a logical choice. Moving closer to Tampa would cut my husband’s commute in half and we envisioned this neighborhood as the Promise Land. For the most part, it has been for my family. We met some wonderful friends and my girls attend good schools.
However these days, the promise land has become “The Great Housing Dust Bowl”. Each day it seems another family is forced to move out and another For Sale sign pops up as our neighborhood slowly transforms into a ghost town.
This ghost town has developed as result of a combination of several things: heads of households losing jobs, increases in taxes and homeowner’s insurance, 100% mortgages coming into maturity, and quite frankly, some families living well beyond their means.
No matter the reason, we are surrounded by empty homes with foreclosure notices and For Sale or For Rent signs. My two next door neighbors are the most recent victims of unfortunate circumstances.
It is truly a sad sign of the times.