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Author Topic: Economic deadzones  (Read 383 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..

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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?
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Soul Crusher

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Re: Economic deadzones
« Reply #2 on: March 18, 2009, 05:41:58 AM »
Quote from: Bindare_Dundat 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..



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
   
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