Belly Rave

Foreclosures Spurring Blight In Central Valley:

In the Central Valley community of Manteca, police have a new job: patrolling hundreds of foreclosed houses left empty and abandoned. They are half million dollar houses, often bought with nothing down, turned into suburban blight.

Pohl and Kornbluth were wrong: you don’t have to invent a better form of housing to turn current suburbs into criminal wastelands. Just a better form of financial engineering.

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