For those of us who either don’t live in Arizona, Florida, Nevada, or other hard hit parts of the country, or who are RENTERS, like myself, we don’t really get to see the crash up close. Sure we hear about it on the evening news and maybe there’s a friend of a friend who’s going under water, but in general we’re mostly unaffected.
Very interestingly, there’s a slew of gonzo journalists springing up all over the web – folks who are going out into the hard hit neighborhoods and bringing the face of the housing market crash to viewers first hand. And every now and then, you see something that makes you realize just how out of control the housing industry bubble got and how hard the bust hit some communities.
Youtube-r Arizona Public, posts videos detailing the economy and various goings-on around Phoenix and Arizona at large. Today, I’ve stumbled across an interesting and brief video that gives you a taste of just how much this housing market decline has effected certain neighborhoods.
I can’t post the video here, but please CLICK HERE to watch.
You can also follow him on Twitter at @ArizonaPublic