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.
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