Big civic projects and even bigger geography on list compiled by Polygon’s Neil Chrystal
An Arizona builder recently said he feels like the Maytag repairman, as it has been more than two months since he welcomed a prospective buyer to his two model homes.
The builder’s homes share the neighbourhood with foreclosed homes. The once-lush landscaping has been reduced to tumbleweed. Shifting sand obscures street curbs. Graffiti artists have come and gone.
It’s no better in the eastern part of the Land of the Free. In Buffalo, N.Y., tired neighbourhoods are havens for drug dealers and other miscreants. In one 210-home community, 73 homes are vacant.
In 2009, more than three million Americans suffered through the humiliating and soul-destroying foreclosure process, and experts warn that when the numbers are crunched, 2010 could be even worse.
States with high foreclosure rates are California, Idaho, Nevada, Utah, Arizona, Georgia and Florida…
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Written by: Peter Simpson
Date: October 23, 2010