Sunday, January 27, 2008

US mortgage crisis creates ghost town: "The streets are empty. Trash rustles down the road past rusted barbecues, abandoned furniture, sagging homes and gardens turned to weed.
This is Shaker Heights, a suburb of Cleveland and a town ravaged by the subprime mortgage crisis roiling the United States.
Faded 'for sale' signs sit in front of deserted houses. The residents are gone, either in search of new jobs after the factories shut down, or in shame after being evicted for missing their mortgage payments"

----------------
This is amazing. Shaker Heights is one of the few suburbs that has maintained stable racial integration since the 1960s. It has always been a nice middle class suburb. If this can happen in Shaker Heights...

No comments: