How Foreclosures Will Create New Slums

The Atlantic has a fascinating article describing how neighborhoods hollowed out by foreclosures quickly become slums.

Unkempt lawns, squatters, etc. lead to a downward path toward unsustainable neighborhoods.

It leads one to wonder if at some points municipalities will use eminent domain to seize and demolish the homes, as has been going on in Detroit for some time.

Not a pretty picture.