Foreclosure Alley: You Can’t Go Home Again

October 8, 2008

Nowhere has the American dream of home ownership gone more wretchedly awry than in Las Vegas and in “Foreclosure Alley” in Southern California. Foreclosure Alley, in the “Inland Empire” of Riverside County, was one of the fastest growing counties in California. It saw a major housing boom: Now, it’s witnessing a major housing bust. Home after home in newer subdivisions sits vacant and foreclosed upon. As the great American novelist Thomas Wolfe wrote: “You can’t go home again.”

This video is an eye-opening microcosm of lives interrupted, of the pervasive human cost of the subprime mortgage crisis.

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Watch the booming business in “trashouts,” in which contractors hired by banks load everything a family left behind into dumpsters. Final destination? Landfills. There’s even a fellow who spray paints dead, brown lawns green, to improve “curb appeal” of foreclosed homes up for sale. Remaining homeowners are left with houses worth half of what they paid. The video is almost surreal. None of this had to happen.

“O lost, and by the wind grieved, ghost, come back again.” — Thomas Wolfe

Hat tip: Mark Herron / Hurstville / NSW, Australia

Read about the financial bailout bill just passed by Congress.

Copyright ©2008