Author Topic: Economic deadzones  (Read 385 times)

Bindare_Dundat

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Economic deadzones
« on: March 17, 2009, 11:59:14 PM »
Damn, this neighborhood is going to the shits. For sales signs, abandoned homes, squatters, tags, no trespass notices, etc..


MB_722

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Re: Economic deadzones
« Reply #1 on: March 18, 2009, 12:10:12 AM »
good video, thanks.

wasn't this scenario in movie before?

Soul Crusher

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Re: Economic deadzones
« Reply #2 on: March 18, 2009, 05:41:58 AM »
Damn, this neighborhood is going to the shits. For sales signs, abandoned homes, squatters, tags, no trespass notices, etc..



1.  Poor planning
2.  CRA
3.  ARM loans
4.  "no deposit" "no money down" required purchases
5.  Cheap gas prices at the time these homes were built.
6.  Reckless borrowers
7.  Reckless banks