The Residential Real Estate Crash Index Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: TheStockFairy	4/16/2009 3:24:35 PM
	Read Replies (5) of 306849

Last week I read in the morning paper about a street here where 60 out of 66 homes were vacant or abandoned on a single block. The reporter called it a "ghost street." Yesterday I found myself in the area. Other than an errant sofa, the street was completely empty, almost peaceful. I took a photo of every house on the north side of one block and then stitched them together. If you were to compare the current international housing crisis to a black hole sucking the equity out of our homes, this one-way street near the northern border of Detroit might just be the singularity: the point where the density of the problem defies anyone's ability to comprehend it. These homes started emptying in 2006. Click on the image below to load a large file in your browser and then zoom and scroll right. This is the entire north side of the block: every home, every lot. You'll notice the fourth and seventh homes appear occupied. Pay attention to the state of all the other houses rather than the terrible stitching job: sweet-juniper.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next