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· Absolute Shockers · ECONOMY

301,874: Number Of U.S. Homes That Are Foreclosed 'Zombies'

Well, we need to look at the 'housing has recovered' argument in more detail - looks like a section is just not 'in the game' - we spotted this stat today, that more than 300,000 US homes - 301,874 to be precise - have been just left unattended - owners in foreclosure have moved out, leaving the homes to just degrade (Source)

Many of us would remember distinctly Alan Greenspan's suggestion to end the housing crisis - 'buy the excess houses and burn them down' - looks like we have a number for that excess houses that he was talking about: 301,874.

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