The economic downturn - in pictures

[Papa_Complex]

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

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

[shmike]

Cool pics.

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

Are there more to be found elsewhere?

[Papa_Complex]

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]

Good pics. Thats a telling essay for sure.

[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.

[marko138]

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]

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]

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]

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

[Particle Man]

Editors' Note: July 8, 2009

A picture essay in The Times Magazine on Sunday and an expanded slide show on NYTimes.com entitled "Ruins of the Second Gilded Age" showed large housing construction projects across the United States that came to a halt, often half-finished, when the housing market collapsed. The introduction said that the photographer, a freelancer based in Bedford, England, "creates his images with long exposures but without digital manipulation."

A reader, however, discovered on close examination that one of the pictures was digitally altered, apparently for aesthetic reasons. Editors later confronted the photographer and determined that most of the images did not wholly reflect the reality they purported to show. Had the editors known that the photographs had been digitally manipulated, they would not have published the picture essay, which has been removed from NYTimes.com.

ruh roh