April 24, 2024

Developing Trouble in Suburbs

  Two reports from different suburbs across the country indicate new kinds of pain for homeowners and communities. The first, from North Carolina, describes the outbreak of violence, fear, and break-ins mounting in new suburbs north of Charlotte. Home foreclosures prompted by the subprime mortgage mess prompted owners — local and out-of-state — to abandon properties in what the Charlotte Observer called “starter” subdivisions, where homes generally are priced for less than $150,000. While downtown …

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