American taxpayers own close to 200,000 vacant houses, and over the next year they will spend more than $40 million just to mow lawns at these properties.
The housing bailout has already cost taxpayers $124 million, now Americans are spending hundreds of millions more fixing up foreclosed homes to try and sell them. It is a bizarre and expensive side effect of the housing market collapse and failure of Fannie Mae and Freddie Mac, the mortgage giants that went into federal conservatorship in 2008.
Talk to the city and find out how many homes are vacant in your area. Who is paying for their upkeep? What happens to the taxes owed on those homes?
What do local real estate agents say about your local housing market? Are things looking up or are more houses being shuttered?
Should the government be in the business of housing? Talk with local representatives and people on the street. Is it time to simply let some of these places go?