The economic downturn - in pictures

Papa_Complex · 07-06-2009, 01:16 PM

Quite the good, short photo essay on the wreckage left behind.

http://www.nytimes.com/slideshow/200...how_index.html

shmike · 07-06-2009, 01:43 PM

Cool pics.

I was kind of disappointed in the number of locations he touched on.

Are there more to be found elsewhere?

Papa_Complex · 07-06-2009, 02:14 PM

Unfortunately there aren't any more that I could find on his personal site, but perhaps The Times will show more, or Martins will display them on his own site: http://www.edgarmartins.com/

marko138 · 07-06-2009, 02:20 PM

Good pics. Thats a telling essay for sure.

derf · 07-06-2009, 04:38 PM

Those properties are gonna be worth big money one day, as long as someone is willing to hold on to the property for a few years and possibly maintain the homes.

marko138 · 07-06-2009, 04:40 PM

Quote:

Originally Posted by derf

Those properties are gonna be worth big money one day, as long as someone is willing to hold on to the property for a few years and possibly maintain the homes.

Well, they've already failed on the 'maintain' part.

derf · 07-06-2009, 04:51 PM

Yeh I seen that, but if you could buy 20 of those (peak price) half million dollar homes and sell them for 300k each you would make a pretty decent return. But again it is an investment without any guaranteed gain and it will probably require alot of time before the market jumps again

Homeslice · 07-06-2009, 04:57 PM

Quote:

Originally Posted by derf

Those properties are gonna be worth big money one day, as long as someone is willing to hold on to the property for a few years and possibly maintain the homes.

This assumes there will be jobs within reasonable commuting distance.

derf · 07-06-2009, 05:20 PM

Look they were looking at ATL, and Phoenix, industry is greatthere

goof2 · 07-07-2009, 01:35 AM

While those pictures do tell a story to me they don't have the same impact as the depression era photography we have probably all seen.

I believe the Vegas development secured new financing to finish the project a few months ago.

07-06-2009, 01:16 PM	#1
Papa_Complex Nomadic Tribesman Join Date: Nov 2008 Location: Brampton, Canada Moto: '09 ER-6n Posts: 11,150	The economic downturn - in pictures Quite the good, short photo essay on the wreckage left behind. http://www.nytimes.com/slideshow/200...how_index.html __________________ "Everything's better with pirates." - Lodge, "Dorkness Rising" http://www.morallyambiguous.net/

07-06-2009, 01:43 PM	#2
shmike Follower Join Date: Nov 2008 Posts: 5,549	Cool pics. I was kind of disappointed in the number of locations he touched on. Are there more to be found elsewhere? __________________ Racing For Smiles

07-06-2009, 02:14 PM	#3
Papa_Complex Nomadic Tribesman Join Date: Nov 2008 Location: Brampton, Canada Moto: '09 ER-6n Posts: 11,150	Unfortunately there aren't any more that I could find on his personal site, but perhaps The Times will show more, or Martins will display them on his own site: http://www.edgarmartins.com/ __________________ "Everything's better with pirates." - Lodge, "Dorkness Rising" http://www.morallyambiguous.net/

07-06-2009, 04:38 PM	#5
derf token jewboy Join Date: Nov 2008 Moto: CBR 900, KLR ugly ass duckling, Gas Man Posts: 10,799	Those properties are gonna be worth big money one day, as long as someone is willing to hold on to the property for a few years and possibly maintain the homes. __________________

07-06-2009, 04:51 PM	#7
derf token jewboy Join Date: Nov 2008 Moto: CBR 900, KLR ugly ass duckling, Gas Man Posts: 10,799	Yeh I seen that, but if you could buy 20 of those (peak price) half million dollar homes and sell them for 300k each you would make a pretty decent return. But again it is an investment without any guaranteed gain and it will probably require alot of time before the market jumps again __________________

07-06-2009, 05:20 PM	#9
derf token jewboy Join Date: Nov 2008 Moto: CBR 900, KLR ugly ass duckling, Gas Man Posts: 10,799	Look they were looking at ATL, and Phoenix, industry is greatthere __________________

07-07-2009, 01:35 AM	#10
goof2 AMA Supersport Join Date: Feb 2009 Posts: 4,756	While those pictures do tell a story to me they don't have the same impact as the depression era photography we have probably all seen. I believe the Vegas development secured new financing to finish the project a few months ago.