Shocking Aerial Images Of The Foreclosure Crisis (PHOTOS)

There is nothing uglier than a sprawling subdivision! City sprawl is ugly enough, but when you add subdivision sprawl to it, you end up with an area unfit for human habitation!

Doesn't anyone understand the Michael Milken's big money making scam (1980's recession) was the testing grounds to which high government can allow trillions of "fake" dollars to dictate the economy in a SHORT period of time. Fake appraisals and lots and lots of "loot" going into only a certain percentage of skillful money managers pockets. It happened again, millions of homes magically worth 2-4 times their true value and cashed in. Those trillions of dollars went into someones pocket and it wasn't the "dumb" homeowner who "cashed in". They SPENT it as fast as they could and the funnel it went into was very small. Corporate greed can turn a switch, change QUICKLY an interest rate or two and sing consumer confidence, etc.
Those foney-baloney mortgage payments people are struggling to pay even though they are paying HUNDREDS OF THOUSANDS of dollars
towards a house that isn't worth it. THEY ARE STUCK and not for just a year or two but for the life time of the loan or decades.

One guy is paying $3000 a month and his new neighbor with the identical house is paying $1350. One guy is a slave to his payments and the other guy is investing the extra $1650 a month for vacations(a new concept for many these days) or their kids higher education.
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see: Garn-St. Germain Depository Institutions Act of 1982, Title VIII, for the origins of the adjustable-rate mortgage, and other "exotic" financial products!

Thanks, Ronald Reagan;

http://www.alternet.org/economy/125575/happy_birt­hday_ronal­d_reagan_%28thanks_f­or_ruining­_america%29/

Something like this was inevitable the very minute the Baby Boom ended.

There is nothing, NOTHING that will keep growing forever. "Population bomb" hysteria aside, eventually there is a ceiling that humanity hits even with modern medicine and food supplies.

We will pay dearly for refusing to acknowledge this.

bid deal........more buying opportunities

Doesn't anyone ever question why every lot has to be 35 x 100 on the east side of town and 50 x 75 on the west side? Why does each house have to be painted light tan or brown?

Somewhere there is a bureaucrat sitting in an office saying that each house must be the same as its neighbor. If a developer makes one lot 75 x 100 and the adjacent lot 90 x 100, its a code violation.

Henry Ford once said, you can have a car in any color you want as long as its black.

Little boxes ,so uniform that we know if there is a deviation going on.

Ok. Only two of those photos could possibly be labelled "shocking aerial images of the foreclosure crisis" - most of them are just aerial shots with "shocking" stats attached and one is a "shocking" image of a real estate scam that has nothing to do with foreclosures.

What's with the writing here at HP?

No one wants to start at the bottom and work their way up anymore, they gotta have the biggest and newest and furthest out in the suburbs home right away, then they get on the highway with their huge crew cab truck and show off passing everyone else, blowing money on gas, no wonder so many are in trouble.

Many of the places outlined in this survey are suffering because of building gone wild during the boom. There were way too many products being introduced into the marketplace in a very short period of time for prospective residents who never existed in the first place. Some of these planned communities would have gone bust regardless of the economy. It's called urban sprawl.

Uh, Laguna Woods is not a county.

These do not all clearly state where they're located and one, not at all. It hurts the quality of the article to leave that sort of information out. I know where these locations are - but not everyone does.
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Little boxes on the hillside,
Little boxes made of ticky tacky,
Little boxes on the hillside,
Little boxes all the same.
There's a green one and a pink one
And a blue one and a yellow one,
And they're all made out of ticky tacky
And they all look just the same.

if theres ever one good thing to come out of all this please let it be the end of suburban sprawl, suburbs are so ugly, soulless, and out of the way - no wonder they're worthless when it comes down to it.

Who wants to live in one of those horrible, alienating neighborhoods anyway?