X

Housing Crash Spawns Ghost Subdivisions

Residents live solitary lives in half-built developments
By Rob Quinn,  Newser Staff
Posted Aug 2, 2008 6:46 AM CDT

(Newser) – The housing bust has left ghost towns scattered across the nation, the Wall Street Journal reports. In a tour of half-built or largely empty developments, the paper finds residents who moved in early, only to find themselves leading lonely lives surrounded by eerily deserted homes and weed-strewn lots. One woman who lives on a street with 30 empty houses outside Atlanta notes the upside: she usually has the community swimming pool to herself.

story continues below

On the other hand, at night it feels rather like living in a cemetery, she says. The percentage of vacant housing hit 4.8% nationally last month, the Journal notes—the highest point in at least 33 years. And up to a fifth of developers have stopped building over the last year, leaving desolate subdivisions as a monument to bad planning. (Read more housing stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
X