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the $700K studio apartment?

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economy

“…James Tate, 44, who, along with his wife, Valisa, 39, paid $695,000 for a 1,100-square-foot studio.” via Renters to the Rescue – NYTimes.com. I’m sorry, but as someone who just relocated from New York to Florida I find statements like this to serve as a complete affirmation of my decision. That $695,000 studio that couple [...]

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the $100 home

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economy

Got $100? Welcome to your new Detroit home This number – $100 – is of course entertaining, but it’s something any city with a modicum of sense should be doing. Once a neighborhood has collapsed and jobs have fled, the best hope a city has to rescue an area is to attract artists. I don’t [...]

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The Next Slum?

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future

At Windy Ridge, a recently built starter-home development seven miles northwest of Charlotte, North Carolina, 81 of the community’s 132 small, vinyl-sided houses were in foreclosure as of late last year. Vandals have kicked in doors and stripped the copper wire from vacant houses; drug users and homeless people have furtively moved in. In December, [...]

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