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Anonymous bughunter said...

During the height of the housing bubble, when modest starter homes in cookie cutter suburban development communities that surround West Coast metropoli were selling for over half a million bucks, and urban housing in places like SF and Seattle was becoming unaffordable to blue-collar and retail/service workers, I predicted two things:

1) Shantytowns surrounding US large cities, a la Mexico City, Buenos Ares, etc., and,

2) Ghost town developments in places like Modesto, Victorville, and Temecula, stripped of valuable finish and fixturing materials, and repopulated by squatters.

That was only six years ago. Now both of them have come to pass... though local law enforcement in SoCal has made special effort to discourage squatting in unoccupied tract homes, so it's yet to be a persistent phenomenon.

The way things are going, the kleptocrats and corruptocrats enabling the Capitalist Paradise will eventually turn the US into a third world banana republic.

February 2, 2011 at 11:41 PM

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