The Modern Era Ghost Towns of the Housing Bubble
If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!
We all talk about the millions of uninhabited houses, but we sometimes forget that some of the bets that builders made were colossal failures.
Whole subdivisions of spec homes that are uninhabited or partially built only to be left behind. The Wall Street Journal has a great article about these modern day ghost towns.
Some of the projects abandoned by bankrupt developers are in places that were hotbeds of new housing construction: Southern California, Atlanta, Las Vegas, Phoenix. As of July, the percentage of vacant housing stock available for sale or rent stood at 4.8% nationally, the highest figure in at least 33 years, according to Zelman & Associates, a real-estate research firm. via WSJ.com.
I don't recommend CL in most cases...I use it for hiring, finding baby stuff, computers and bikes...anything else is a ...
Obtaining a viable news source would also be a welcome addition. Lets not pretend that rival political parties are not ...
CL is a crazy mess sometimes. I'll get response emails on a daily basis that are nothing but scammers. Get's ...
We get about 1 call every month related to a real estate scam on Craigslist. I try to visit my ...
If anyone thought this was going to go away in a few years they were just fooling themselves. It took ...
Not sure this program passes the common sense test. Isn't it true that the governments management of the housing industry ...
Well, it's March 2010 and I have not seen much of a change in the economy in Indianapolis, Indiana. Maybe ...
Coastal cities are fragile in the face of a catastrophe like this. The buildings would be destroyed in minutes. 
As a potential first-time home buyer, I have zero confidence that I would be making a smart investment in purchasing ...
