Or not…

Once again I ask the simplest of questions…

Would you rather have the “deadbeats” in the home maintaining them? Or would you rather have them out on the streets while the home they were tossed out of deteriorates, gets stripped and vandalized?

The reason these homes are vacant is because the banks are either sitting on them until housing prices recover, or maybe there isn’t anyone to buy them…

So if they pushed through all the foreclosure in rapid speed, processing them all in the next six months or so, who is going to buy AND occupy them?

Maybe it will be all those “productive” people we keep hearing about…

What is the end game in the rush to process all the foreclosures?

Nearly 20% of Florida homes are vacant

NEW YORK (CNNMoney) — It’s not always easy to feel sorry for sunny Florida. But they just got hit with another blow.

On Thursday, the Census Bureau revealed that 18% — or 1.6 million — of the Sunshine State’s homes are sitting vacant. That’s a rise of more than 63% over the past 10 years.

Having this amount of oversupply on the market will keep home prices depressed and slow any recovery.

During the housing boom, Florida was among the hottest real estate markets in the nation. Homes were snapped up by the state’s growing population as well as hordes of investors confident that prices would continue to soar.

“You’d drive through downtown Miami and see 30 or 40 cranes sticking up in the air,” said Michael Larson, a housing market analyst for Weiss Research.

The bust brought an end to that. Development ground to a halt. Retirees stopped relocating. And prices started falling and vacancies rising.

“Housing went from being the preeminent investment of choice to toxic waste,” added Richard DeKaser, an economist with the Parthenon Group.

You can check out the rest from CNN here…

That’s one in five homes that are VACANT.

We’re not talking in foreclosure or behind on their mortgage, which is a whole lot more properties, we are talking vacant.

One in five…

How many more vacant homes does Florida need?

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4closureFraud.org