Macro effects of foreclosure

I read recently that foreclosures are becoming more and more common these days.  Yes, that was sarcastic.  Foreclosures, from what I have heard, are not fun to deal with.  From getting a huge drop in your credit to not being able to ever buy a condo or home again for 7 years, foreclosures don't seem to be something that I would ever want to deal with.  With that said, how are other people dealing with your foreclosure?  More specifically, how are people in your community being affected by your misfortune?  A large part of living in a community like a condo high-rise or a new home community is the fact that you need to pay certain "dues" each month.  These dues can be a little as $75/month and can range up to $2500/month.  Dues are used to keep a community running.  For example, pools, trash, taxes, workout facilities, janoritorial duties and anything else your community requires needs extra money, known as "dues" to operate.  What is now happening, is that neighbors and residents are forced to pay more as their neighbors are foreclosing on their new condos and/or new homes.   This is just another example how the distressed housing market can and will directly affect your pocket.  Beware and make sure that you budget enough for the following years!