Great Recession Gothic continues with the recognition of zombie subdivisions. No, not homes for the shambling dead, but a particular kind of real estate development gone sour. A series of homes are planned, but only a few built, and fewer occupied. The Great Recession is to blame, with its personal bankruptcies, bad loans, foreclosures, and collapsing banks.
CNN describes this home ownership grimness in lovely, light Gothic terms: "A half-million dollar house in a field of weeds, surrounded by For-Sale signs," "no children in the boarded-up playhouse," "a wild and ugly ride," and the cheeky subtitle "Zombie subdivisions left naked."
The reporter interviews a statistician, who describes one series of these zombie subdivisions circling Atlanta as "a ring of death," created not by a gold rush but by "a dirt rush."
The reporter adds a long timeline to the picture, with years to pass before these get occupied, if ever. Horror tales, both fictional and non-, another setting awaits you.
(via Todd Bryant)