Monday, December 12, 2011

What's Happening to All Those Vacant Homes

The New York Times looks at what's going on inside all those homes that were abandoned during the foreclosure crises:

A man's home is his castle — except when it becomes someone else’s marijuana plantation, crack den, movie set, homeless shelter, farm or public park.  Such opportunities for conversion present themselves in the United States, which now has about 1.2 million more vacant homes than there would be in normal economic times. In fact, the depressed housing market has become a case study in how an economy adapts — if only in an early transitional phase — when one of its pillars suddenly collapses.

Steve Clowney

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