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BUBBLE BUST: "The Pools of Riverside County" [View All]

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El Pinko Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-01-08 02:54 AM
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BUBBLE BUST: "The Pools of Riverside County"
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http://egan.blogs.nytimes.com/2008/01/30/the-pools-of-riverside-county/?ref=opinion


The Pools of Riverside County
RIVERSIDE, Calif. – Look around at the still-life of half-built neighborhoods and red-tiled roofs, all so new, planted during the Miracle-Gro years when homes became A.T.M.s.

Look closer and you think you’re staring into a ghost exurb – empty homes left to bankers. This is the new America, Southern California’s affordable edge city, drowning in a sea of debt. In the Inland Empire, the eastern-most suburbs of Los Angeles, one out of every 43 households is facing foreclosure proceedings.

Peek behind the palm trees and there you see the most shocking sight: abandoned swimming pools, fetid and green, left to the elements and choked with algae. Thousands of people have walked away without even draining the water. Mosquito control agents now patrol these murky pools, treating them with pesticides to keep disease-carrying larvae from forming.

.....

Is this the image of our consumptive age: the empty swimming pools of Riverside County? The epitome of middle-class life as just another cash play? People who took out loans on houses they never could afford, hoping for a quick flip, have left this squalor under the sun to the mosquito-control agents.
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