Saturday, April 5, 2008

This Had Me Scrutinizing the Interactive Map for My Personal Bad News

This article on the impact of home foreclosures on neighborhoods is unsettling. What's happening in some areas of the country experiencing high rates of foreclosures is that properties are not actually being seized by the banks, because the banks don't want to assume responsibility for taxes. This, naturally, leads to abandoned properties and blight.

I live next door to an empty house with newly peeling-off gutters and a disappeared for-sale sign (someone plucked it out and tossed it, unceremoniously, into the back yard), so this provides me nightmare scenarios.

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