It's happening everywhere. Around us there are a number of

$300,000 McMansions (cheap, fast builds that sold for three times more than they were worth) sitting empty. The owners just packed up and moved out. What choice did they have when he lost his $120,000 a year job as some office manager and she lost her $60,000 a year job as a school teacher? No income and $2000 a month payments plus everything else with nothing but unemployment coming in. Granted, it was their own stupidity that caused the problem but banks were giving home loans to people with NO credit history. Life was easy. The payments weren't bad, at first. And then the doo-doo hit the fan. Jobs lost, investments lost, suddenly there's nothing ahead of them but a black hole.

There are subdivisions down here where the contractor is actually bulldozing down brand new homes because they are cheaper to destroy than to carry for another year without any buyers.