Foreclosure Info in our Area
Over 3000 homes have been in some sort of foreclosure in the past 9 months in Frederick county. The dominate narrative in Frederick County, is that foreclosures aren’t an issue here, that the crisis is else where. We believe this is wrong. The crisis is every where.
According to Realty Trac Frederick County is on the top of Maryland when it comes to foreclosures. The issue is as clear as day and night. Our community has been hard hit by the financial crisis, and this is why it’s important for there to be an #occupy here.
Frederick is in the Belly of the beast so to speak. We’re right next to the nations capital but all we reep of it is sprawl from Montgomery county.
Will more homes solve our Economic problems? No, it won’t, but beginning to switch to a local economy that puts people over profit will.
Let’s talk about economics 101 for a second, building more homes will not increase the demand, when you increase the supply without a demand. Prices will drop. For the BOCC, I found this chart, I hope it makes things clear for you.
Any ways, the future of the exurbs are in question, read about it in the New York Times
Over all, only 12 percent of future homebuyers want the drivable suburban-fringe houses that are in such oversupply, according to the Realtors survey. This lack of demand all but guarantees continued price declines. Boomers selling their fringe housing will only add to the glut. Nothing the federal government can do will reverse this
If you want to attract new residents to Frederick County fine, keep it from being an awful place to live. Frederick county, is a beautiful place, we have super pretty mountains, the Potomac river and a good down town area.
- Well over 3,000 foreclosures in Frederick.
- A bank bailout that benefited the big wall street banks.
- make Frederick county work for the 99%–not rich developers, who bought