up here in upstate ny...there are no foreclosed homes in sight.. there must be some but you would have to hunt to find them... things never change much here... the prices never went sky high in the first place so they did not fall either.. when all the homes were going for big dollars in other states all was stagnant here..i was surprised that ours changed so little.. now i am happy of course.. but i feel bad for other neighborhoods.. i could not amagine empty houses all around me,...we do have higher taxes here though which i quess turns alot of people away ..businesses and new home building only happens on occasion.. nothing changes though so in that respect it is good..
i heard that term before!!!!! lol! i wouldnt even think twice about it. its basic self preservation in this economy...