By now, we’ve all seen these. Half-finished condominum complexes, shopping centers, homes, abandoned and left vulnerable to the elements.
The New York Times has catalogued some striking examples in a slide show called The Ruins of a Second Guilded Age.
“The sudden shift in the economy has unmasked such excess,” said photographer Edgar Martins.
Says Michael Olivares, a 30-year-0ld accountant who bought his Bakersfield Calfornia home for $410,000 in 2006, “We get a lot of tumbleweeds rolling through.”
Nine homes on his street have been foreclosed on this year.