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See the original image at telegraph.co.uk

US housing slump creating 'ghost towns'

telegraph.co.uk — Welcome to the new "ghost towns" - brand new, immaculately tended communities with not a tumbleweed in sight.

Bury
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  • jgambleii, on 07/05/2008, -0/+4Sounds like the perfect place to get a really good deal on a new home...
  • morgino, on 07/06/2008, -1/+23 years ago I had a porsche, two properties, 100k in the bank and life was looking good. Now I don't have a job, completely broke, declared bankruptcy, car was repo'd, foreclosed on my house and don't know how to pay the bills. Alot of my friends are in the same boat and we aren't idiots but just didn't see this coming..
    Trust me but I hope I am wrong, this is going to get much worse before it gets better.
    OK haters...feel free to kick me when I am down
    • iota, on 07/07/2008, -0/+1i'll digg you up, have seen plenty of smart people get wiped out due to being too heavily invested in / associated with / too close to CDO's and other mortgage-backed securities
  • Ransack, on 07/07/2008, -0/+1The sub-prime crisis isnt even the real serious problem. The REAL problem is the gas prices are going to continue to rise. Living in distant suburbs will no longer be economical. No big deal.. except almost all the development in American cities since 1950 has been outward into suburbs.
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