Suburban Slums

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At Windy Ridge, a recently built starter-home development seven miles northwest of Charlotte, North Carolina, 81 of the community’s 132 small, vinyl-sided houses were in foreclosure as of late last year. Vandals have kicked in doors and stripped the copper wire from vacant houses; drug users and homeless people have furtively moved in.

Are today’s suburbs going to be tomorrow’s slums as consumer preferences move back toward city center living?

2 thoughts on “Suburban Slums

  1. Lamont

    That article was really interesting, and if you consider those would can afford all the new condo/Townhouse/whatever-sounds-trendy developments in the city, it could easily become the upper middle class back in the central/inner city, with the impoverished and working classes in the suburbs. Just look at all the so-called new housing in Atlanta, most middle class can’t afford nor want $250,000+ townhouses in areas of the city yet to have really improved.

  2. David Buy Houses

    Wow, I don’t know if the economy will support such a big store. I hope it does. It is always hard to see a big box fold up and become vacant.

    As a side note there is something wrong with our financial banking system when they won’t implement some reputable proven financial strategies. Dave Ramsey offers some of the best advise – most of it old-school. Yes, check out his “The Common Sense Fix“.

    How about making the loans assumable as well? As long as the banks screen the applicants well, they will do well also with less foreclosures on their records.

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