Neighbors keep up appearances in struggling Tampa suburbs - St. Petersburg Times: "As the stock of foreclosed and abandoned homes rises, Glass and many of his neighbors in deed-restricted suburbs from Hillsborough to Pasco are taking matters into their own hands, organizing Saturday mowing excursions. Their homeowners groups are adopting and amending policies that allow them to cut down waist-high grass and bill the owners for the expense."
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From Fred Pilot comes yet another example of how HOAs are getting hit by the foreclosure epidemic. I heard somebody on the radio yesterday--a California economist--saying that the bottom for real estate is a year away in some parts of the country, especially where the prices were the highest before the bottom fell out.
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