Misery Index Hits New High

13% of US homes are vacant. Seems right. In my neighborhood, 13.5% of the houses have sat empty for two years. Housing prices are still falling despite the Fed attempts to halt asset deflation. QE3 is coming this summer but it won't change the demise of the US housing market. The incomes aren't there to buy homes for most people.

Buy a house...or gas and food? Tough decision.