Will the current housing "crisis" be better for us in the long run?
EMP's two poll threads about crime and economic status got me thinking; Will the housing and credit crunch make or neighborhoods better off in the long run?
Since loans have been given out to people who should not have them, I've noticed a lot of people in areas that they have no business being. I know, I know, some will ask how do I know where they belong and where they don't.... Well its rather simple;
People who move into homes well above what they can really afford tend to not be able to keep up with the home, it becomes run down etc., and they park their junky cars on the street and in driveways, ruining property values for everyone.
My neighborhood is one of those that is on the threshold of the haves and have nots; We range from modest to the McMansion, so we have had an interesting front seat view of all this.
For example, there is a home in the front of my neighborhood (the very first one you see when you pull into the hood :mad:) that always was really nice kept and a very nice home; until the 'billy's moved in. Now, there is always toys and junk in the front yard, lawn is horrible and there is junky trucks parked in the driveway and on the street; Oil and rust stains have ruined both. Their 'billyettes are always screaming and yelling and causing problems with the other kids. Because taxes are past due (havent been paid since they closed) I can only assume that the home will be taken back... leaving it in shambles.
So, I wonder... Will the mortgage give aways end, keeping people out of homes they can't afford or handle? Or will the "feel good" law makers cram more socialist garbage down our throats forcing us to be neighbors with people I'd rather not be?
Now I know some people are going to have a big problem with my stance on this, and thats OK. I can deal with that. Let your comments fly!