Falling real estate prices, a shrinking job market, and huge segments of the population underwater on the value of their home in comparison to their mortgages are making it very difficult for people to move. Add in rising gas prices and inability or unwillingness for people to commute long distances and it's no wonder many suburbs have become ghost towns.
Some trapped in suburbia, with no one to sell to and no willing or able buyers, have become their own neighborhood islands.
Monday, August 4, 2008
Trapped in Suburbia?
Yep, it's happening more and more often: