MSNBC touches on an under-reported side effect of the housing crisis — underdeveloped, abandoned communities. Places (Philly area featured) where hopes were high, but prices higher. All the gold has been mined, and what’s left is a ghost town.
Here’s a great article from Business Week about the Housing Meltdown. At 5 pages, it’s an extended read, but worth it. Full of facts on everything from histories of real estate pricing to the imminent dispelling of the myth that home ownership is the golden ticket to wealth in America. Personally, I’m quite looking forward […]