Many subdivisions have For Sale signs popping up like mushrooms after a summer rain...
It seems that many people have finally decided to accept $350,000 for the house they paid $125,000 for ten years ago...
But alas, it may be a case of too much, too late in the cycle... After all, Everyone can't head for the exits at once.
Many landlords I know have given up trying to get tenants for their properties; and are just letting the property sit empty...
Or worse, they are doing long overdue "improvements" and upgrades presumeably to attract tenants---or more likely a buyer for the property...
I compare this to a person who can't find a job...so they go back to graduate school!
The amazing thing about the house bubble is not that it's deflating...but that it lasted so long.
