Looking for a vacation home? Well, the time is right! With home seizures hitting a record high, you don’t need to be an infomercial star to realize that prices are headed in your direction. Places that were once wholly unattainable may now almost be in reach, and second homes at nasty places you’d never want to visit (especially regularly enough to have a vacation home there) are moving for pocket lint change.
Last month, 95, 364 homes were seized by banks – a record-setting number (since 2005, when we first started keeping score). Bad loans and unemployment are making the situation worse. So, the time has come for people with deep pockets to take advantage of the less fortunate, a familiar enough refrain throughout human existence. When you close on your new vacation home, though, don’t bring cake for the vanquished: someone will probably get the wrong idea and make a big “thing” of it.
[photo by Casey Serin via Flickr]