Thanks to a reader for highlighting this story - about a 12 minute video of the plight of the Inland Empire. It is quite striking and heartbreaking; very different watching this versus reading the aggregate numbers.
Part 1
Part 2
Sunday, October 5, 2008
Foreclosure Alley in Southern California
Posted by
TraderMark
at
6:00 PM
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2 comments:
Well at least somebody is benefiting - the mosquitoes in the abandoned pools.. and the homeless people squatting foreclosed houses, and feeding the mosquitoes heh...
Sad stuff. This is where I live, and for the past two years, I've been wondering how the market could sustain itself. The amount of new building that went on was disgusting...beautiful parkland and hillsides were destroyed for houses that should not have been built.
Sigh...such is capitalism.
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