Vacant Metro Orlando homes leave neighbors feeling empty

I have been unemployed for over a year and feel the "system has failed me because I am at the point of selling off "My stuff" and your not ready?

Surveys say a lot of americans want to move to the orlando area .Why its not happening is strange we should stop building new houses.

We have plenty of money for venues and cinemas.

Orlando Mis Managed wrote:

We have plenty of money for venues and cinemas.

For the umpteenth time, the hotel tax revenue that is being spent on the venues cannot be used for anything other than promoting tourism. No cops, schools, roads, or welfare.

The problem lies in the fact that these homes will not sell for the price they are asking. If a home is not selling in a $300-$500K neighborhood, then drop the price to $250K. If a $100K home is not selling, drop the price to $75K. People still want what they paid in 2004 and 2005. Those days are long gone and aren't coming back for a while.

I park my extra car in the driveway of the vacant house next to me. That way at least the house doesn't look empty.

They didnt say anything about the pool pump or AC, I'm going over and get me that

Ive been watching a 1.5 million dollar brand new house decay for 2 years. Recently the utilities were cut b/c the greedy developer has run out of money. The pool has turned to scum, the house is molding, and the landscaping is dying. The fat lady has sung for this tear-down-and-profit vampire. The tear-down, will, itself, have to be torn down.

With crime sky rocketing, third world people moving in, forclosures out of control, I couldn't have picked a beeter time to leave.

People of Central Florida, you are doomed.

More failed liberal policies. Forcing banks to make loans out of "fairiness" not ablility to repay.

Combine that with out of control Gove spending and increased taxes, toll and fees.

The government has become the enemy of the people in many ways.

This is what Central Florida has been reduced to. So glad I saw this coming, got out, and relocated to a county that is 96% white, English-speaking.

Heather wrote:

I park my extra car in the driveway of the vacant house next to me. That way at least the house doesn't look empty.

Sounds like a great way to get your car stolen or vandalized.

Paradise Lost wrote:

This is what Central Florida has been reduced to. So glad I saw this coming, got out, and relocated to a county that is 96% white, English-speaking.

Where you be at? I'm moving there.

"The water in the backyard swimming pool is dark and scummy."

lol !-So are most of the people who live in Central Florida

These neighborhoods are called BUSHVILLES

Florida is relatively new to real estate "boom" in the scheme of things, joining California in the preferred location of investor properties.

On the backside of the "wave" and unprecedented lending practices (notice I didn't say stupid, it was intentional and plenty of people made a ton of money) we suffer the consequences.

That said, time will pass, the vacant inventory will be absorbed, and life will go on.

Florida will still have no snow, beautiful beaches, an up an coming bio-medical community, a tourist "destination" and a price tag which by national standards is very reasonable.

For those who pine for the "old days" of Central Florida, of dirt roads and acres of "unspoiled" landscape, many are heading to TN or GA.

The huge part of the population may change over, but Central Florida will survive and thrive. We are in our infancy, and 10 years from now will be very different than it is today.

The Democrats started us down this path with their idea that everyone should own a house. Carter eliminated redlining and Clinton started subprime loans and allowed them to be packaged and resold.

Greenspan stupidly lowered interest rates and kept them down for way too long.

Mortgage lenders took advantage of the situation and started offerering sub prime (Clinton approved) loans to everyone and anyone.

The public stupidly started paying way too much because of their fear and mainly greed.

The Democrats (Frank, Schumer and Dodd to name 3) refused to allow any reigning in of these loans especially under Fannie and Freddie.

Greed and stupidity all the way around. And all Obama and the others libs do is blame Bush for the whole thing just to get elected. Now that they're in office they're doing the same stupid stuff homeowners did, running up the national credit card (T Bills) and making us all responsible to pay it back.

And once again, they've done a great job of pointing the finger at Bush, and the public is so stupid they think gee, he was in office he must have caused it, so I'll vote for the new guy. That is thinking like a third grader, and it will ultimately ruin the country.

We should have cut government spending, and done EVERYTHING POSSIBLE to help small business owners so they can stay in business and hire some people.

Gee, the last time I checked people with jobs had incomes and could BUY THINGS. Instead what does the government do, they try and prop up real estate prices instead of letting the market take over and correct itself. And get rid of these stupid no doc loans that nobody ever pays back.

Enough Already wrote:

Florida is relatively new to real estate "boom" in the scheme of things, joining California in the preferred location of investor properties.
On the backside of the "wave" and unprecedented lending practices (notice I didn't say stupid, it was intentional and plenty of people made a ton of money) we suffer the consequences.
That said, time will pass, the vacant inventory will be absorbed, and life will go on.
Florida will still have no snow, beautiful beaches, an up an coming bio-medical community, a tourist "destination" and a price tag which by national standards is very reasonable.
For those who pine for the "old days" of Central Florida, of dirt roads and acres of "unspoiled" landscape, many are heading to TN or GA.
The huge part of the population may change over, but Central Florida will survive and thrive. We are in our infancy, and 10 years from now will be very different than it is today.

You need to go take some history courses. Florida's history is rife with boom and bust real estate. Ultimately (what no one seems to understand), is that real estate is ultimately valued based on the income of the population in an area and rents a property could generate if it were to be rented.

Supply and demand is also important, but I can show you some cheap ocean front property in the Arctic.

There is a general sense of "non-community" in Central FL. People here are comprised of a lot of NYC transplants who are rude, don't care about taking care of their homes let alone the neighbor's. A home one street away from me caught fire. No one in the community wanted to help the family at all. They felt it was "none of their business" so the family continued living in a home that is worthy of Extreme Makeover status...My husband did not know these people yet offered to help them fix the roof and other structural issues...it is sad to see that there is no community pride here

Markinsofla wrote:

These neighborhoods are called BUSHVILLES

I would beg to differ. I would call them liberalvilles. Carter and Clinton laid the groundwork for this mess.

Just look at California, the most liberal state with the most entitlements. It's flat broke, which is the direction Obama has the rest of the country going.

That's the change we're getting. We're all becoming a bunch of loser debtors.

Obama will have us be the most indebted nation in the history of the civilized world. Screw Bush, I don't care what he or any prior President did, that's over.

But Obama is racking up more DEBT than EVERY President from Washington to Bush COMBINED.

And all the Libs can do is sit around and myopically blame Bush, like that's going to solve anything.

Obama is the problem now, and he's going to bankrupt us.

Ask yourself, WHO BAILS 0UT THE FEDERAL GOVERNMENT? Collectively we are the ones, and when the debt gets too large we are COLLECTIVELY SCREWED.

And when that happens you can take all your liberal stupidity and jam it because THERE WON'T BE ANY MORE MONEY YOU IDIOTS.

Tom wrote:

<quoted text>
You need to go take some history courses. Florida's history is rife with boom and bust real estate. Ultimately (what no one seems to understand), is that real estate is ultimately valued based on the income of the population in an area and rents a property could generate if it were to be rented.
Supply and demand is also important, but I can show you some cheap ocean front property in the Arctic.

Very cute, but since you mention supply and demand, the supply might be huge in the Arctic, and demand less so, obviously.

I've only been in Florida for 23 years, coming form California, which knows something about real estate ebb and flow. Much more than Florida.

With regards to Obama's plan, you mentioned studying history. Look back to the US coming out of the crash, and you will see the injection of funds into the economy is what brought things around, stalled briefly in 1933 when it stopped, then restarted.

Your need to go on a GOP rant does not change that.