Via Michael Shedlock, The Atlanta Journal-Constitution reviews the growing problem of zombie subdivisions, those half-built developments you often see from a highway. Developers broke ground for these subdivisions near the end of the housing boom, and abandoned them when the mortgage crisis hit and financing dried up. Now More…
Over at Hungry Hungry Hippos. they’ve taken me to task for my post Wednesday on efforts in Flint, Mich. to deal with abandoned and vacant properties by literally shrinking the size of their city — cordoning off the blight and leaving it behind. I had written that Flint More…
The Los Angeles Times takes a close look at a problem TWI detailed Tuesday in a piece about neglected bank-owned property. Some of that property, as we explained, includes half-built housing developments, where construction was halted when the mortgage market went bust. Those developments are called PVC farms, More…
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