Wednesday, March 26, 2008

New Slums?

This Atlantic article is about a month old but the real estate slide continues and it's worth checking out. It basically contemplates whether the suburbs that have been so built out in the last housing boom are going to turn into slums. I've heard a lot of stories about house squatters and drug gangs taking over vacant houses. There is a really terrible downward spiral that can happen in a neighborhood. Let's hope it never get's to that point but it's worth contemplating.