By now, the term ”bust” has a seminal meaning. It’s all about the 2008 housing market collapse and been so overwrought in today’s economic and political nomenclature, it’s almost lost all of its meaning in the highly complex matters of real estate finance, market fluctuation, mortgage backed securities.
For those of you unaffected, it’s hard to imagine the extent of damage that the bust caused. People in the hardest hit states are still reeling from it and while you may hear of people going underwater and entire neighborhoods being foreclosed, it’s hard to picture what a once thriving suburban community can look like: a ghost town.
Luckily there’s cowboy out there. EconCat88 is a youtube channel that is completely devoted to exposing the worst of America’s burst bubble. EconCat88 drives around in his car with his video camera and gathers footage of devastated neighborhoods and business from Toledo, Detroit, and pretty much everywhere in the state of Florida. He has posted literally hundreds of these videos and it’s quite a shock to see some of the desolation that happened after the collapse.
CLICK HERE TO VIEW HIS YOUTUBE CHANNEL