Via Felix Salmon, Paul Kedrosky has a terrifying housing chart, showing the number of vacant U.S. houses. The stock of empty U.S. homes is now bigger than the entire Canadian housing stock.
With a sprawling, multi-million dollar mansion in Sandy Springs, Ga., sitting empty for two years, some enterprising folks nearby had an idea: Fill it with a big party.
According to USA Today, the Halloween bash at the six-bedroom mansion was a huge success, drawing 1,000 people. It ended only when More…
Our sister site, The Michigan Messenger, points out that the shrinking cities movement – an urban development approach that has drawn national attention to Flint, Mich. — is becoming an issue in the local mayoral race.
The movement calls for communities to cordon off mostly vacant areas, cut More…
I’ve been meaning to talk about this all week, but that pesky little AIG debacle served as quite a distraction. Anyway, as TWI has reported, there are other scandals concerning bank behavior that also are worth examining. And one of the biggest is the way banks handle their More…
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