Sunday, December 23, 2007

Neighborhood Services Strangled

People are underwater on their houses, and they have just left .... That road widening may have to wait. It will be difficult to construct the high school. We know there are needs, but we are going to have to wait a little bit.

- - A Florida Mayor facing the housing bust

Greed and speculation created the monster.

- - A Florida real estate broker

A once booming suburban coastal city with a declining real estate market cuts its services. Whole neighborhoods are rendered ghost towns and the city has to hire landscapers to cut the overgrown lawns of abandoned homes. It could be a harbinger of strangulation to come for the rest of us facing unregulated market constriction on one hand and right-wing miserliness on the other hand.

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