Posted on 10/17/2009 8:46:35 PM PDT by Lorianne
CNN's Colleen McEdwards visits a metro Atlanta subdivision where residents'homes are surrounded by overgrown, vacant lots.
Video 3:41
(Excerpt) Read more at cnn.com ...
Atlanta is becoming DETROIT of the south?
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Atlanta is becoming DETROIT of the south?
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Atlanta makes Detroit look like Paris.
TTIUWP?
Not yet but it will happen. The welfare, liberalism, socialism will keep growing and it will become another Detroit.
Its not that bad.
She said the housing crisis fed the banking crisis. Hear that Dodd and Frank?
there are abandoned subdivisions all over. gosh, I remember seeing the perennially during my 20 years in fla.
There is an area of Detroit the size of San Francisco that is abandoned. Only the drug gangs and homeless are out there. Tens of thousands of once nice, proud homes were literally abandoned decades ago.
The City can’t afford to tear the husks down, they can’t even afford to bury their dead this year. But they keep voting Democrat hoping for some change.
all you gotta do is google: abandoned city
And Paris makes Detroit look like...Buffalo.
HA...right behind our house are 69 empty lots in a subdivision separate from ours...and we there are no trees on them....just dirt and weeds! ONE has a sold sign on it...and ONE is just now being built on...the lots were put on the market about 18 months ago...It’s happening EVERYWHERE. (This is in W. OREGON)
Seattle Buffalo makes Butte Caracas Vancouver look like Carson City when San Fransisco was Johannasberg next to Moscow Rochester Cincinatti Chicago.
In our area, an intended high-end subdivision was recently abandoned. For months they displayed a “hurry up and buy - 5 homes already sold” sign. Apparently there weren’t enough people hurrying in with their deposits, since the site was planted with corn this summer, and the sign disappeared. I suppose they leased it to a farmer until it can be developed profitably. I’m just glad the decision was made before construction began. No eyesore and our local geese are contentedly scavenging corn.
Liberalism in action!
you’re slurring, Laz.
Obama’s hope and change.
Atlanta, Ga. and Macon, Ga. are in a constant race to see which city can hit rock bottom the fastest. Both are shell’s of what they once were, both are infested with liberals, welfare types and corruption to the highest levels of government.
You want to enjoy Georgia head to the mountains or the farm country in the deep south.
Yeah, I’m planting trees and shrubs, etc on the lot behind us....plus in OUR subdivision there are about 1/3 empty lots....one beside us is empty...plenty of space for planting....except the stupid deer eat just about everything!
Not hardly.
The fact a new development is 80% vacant lots is actually a good thing, compared to the alternative of empty unsold or foreclosed homes rather than vacant lots.
The foreclosure crisis struck the Atlanta metro area in 2006, well ahead of the rest of the nation. As a result, home construction in the Atlanta area dramatically declined before the mid-2008 real estate collapse.
Today, many of the foreclosed properties have worked their way through the system. As a result, home inventories are down.
If the foreclosure crisis and home construction crisis had not hit Atlanta so early, it would have been much worse.
The main reason Atlanta is in recession is so much of its economy was based on commercial and residential construction due to the hypergrowth it had been experiencing.
Atlanta is still one of the best cities for business. The big push to gentrify the older neighborhoods continues. Other than the traffic, it's pretty good here.
The video reported that more banks have failed in Georgia than any other state....
Hell, Atlanta was overrun with Yankees so much, it shouldn’t qualify as a Southern city anymore.
Not a naked zombie in the whole bunch.
Yeah, you’re right. But Atlanta pols are viciously stupid. It’ll get there soon enough, as will all democrat cities.
USA is gone.
Oh, you done it now! Necrophiliacs are going to be terribly disappointed by this misleading headline.
Yikes - Atlanta and Macon.
I *hate* Atlanta (apologies to all in Atlanta). The downtown is chock full of thugs. Don’t even try to go near the Underground without protection. The freeways are awful. Even Buckhead is dangerous.
Macon is full of gangs, the downtown is dead although there is a push to revive it. Basically a place to stop for gas and skedaddle south to the gulf.
Atlanta Market traffic was off by appx. 70% last year. Huge economic downturn.
Memphis? Graceland is surrounded by slums with barred windows and doors. The only area considered a tad bit safe is around Rhodes College.
Not a pretty sight.
Atlanta isn’t the best city going but its a nice enough place. Detroit it ain’t.
Five empty lots behind me in SE Virginia, unsold for two years, and they're riverfront. Asking prices are down 30% from original listings, and still dropping. The developer seems to have almost given up for the time being, he's not even bothering to keep the lots clean and walkable.
"Atlanta?"
Be more specific.
These subdivisions that have foreclosed homes. I have been wondering when winter comes around if the banks or holding companies have winterized said homes.
Could prove to be real mess if not, broken pipes leading to water shortages or fires due to electrical shorts, gas explosions when gas appliances are not properly shutdown.
Should be interesting over next couple of months.
Banks winterizing vacant homes? Up north that is job one.
We had a subdivision builder go belly-up just around the corner from us some years ago. Every day we'd drive past houses which were partially finished and left open to the elements. They were infested with everything from poison ivy to rats and raccoons. Eventually construction started back up again, presumably by another builder. We were amazed that the damaged houses weren't torn down. They just covered up the rain, snow, ice and mold damaged parts behind wallboard and pretty trims, and sold the homes at full price. We've always wondered what problems the owners have encountered as a result.
On the flip side, a townhouse near us went into foreclosure last year. We knew the previous owners had fixed it up nicely and we were considering bidding on it. When we went to look over the exterior and peek in the windows, we found a prominent sign on the property warning trespassers about legal ramifications and also that the house had been winterized and that toilets contained antifreeze. Crazy world when you have to warn squatters about health hazards . . .
I suspect it'll be a mixed bag. Some banks will stabilize the properties, and others will be overwhelmed by the sheer volume and cost, and let them decay. Future buyers will need to be careful of hidden damage.
Atlanta politicians hate crackers more than Detroit politicians.
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