Wednesday, March 17, 2010
In our relatively short time as co-editors of this blog, we've written several times about the impact of the implosion of the housing market. (Just check out our housing and mortgage crisis categories for many of these posts.) Recently, the local paper here in Athens - the Athens Banner Herald - carried a story about how nearby Jackson County is struggling to pay for the expanded water and sewer service they built to meet the expected demand for new home building. Jackson County is an exurb of Atlanta and before the economy crashed it was experiencing massive growth. Now, as in so many places in the country, subdivided land is little more than "PVC farms" (so called because they are empty except for PVC pipes sticking from the ground where homes are to be built). The Jackson County commission's solution to this is to begin charging a $10 a month maintenance fee on the pipes. However, with many of the builders gone bust, they will have to wait to collect this fee from future developers. Let's hope that works out for them.
Jamie Baker Roskie
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