American Ghost Towns of the 21st Century
April 11, 2011
Palm Coast, Fla., Las Vegas and Cape Coral, Fla., were all among the former high fliers. Many large counties which have 20% or higher occupancy rates are in these same regions. Lee County, Fla., Yuma County, Ariz., Mohave County, Ariz., and Osceola, Fla., each had a precipitous drop in home prices and increases in vacancy rates as homebuyers disappeared when the economy went south. ………..
Vacant homes and homes which lose double-digit amounts of their value each year irreparably undermine the tax
base. And, as services fall, fewer potential homeowners will consider investing in the area.
again, full story – click photo
1. Lake County, Mich.
Number of homes: 14,966
Vacancy rate: 66%