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zaph

The Zombies from Wall St

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http://iview.abc.net.au/programs/foreign-correspondent/NC1602H002S00#playing

 

Doco about houses in Cleveland.

 

Sure, the subprime had a lot to do with the decline shown in the video. But with a population halving, of course the less desirable burbs of a city are going to crumble. It's hard to know whether the vid portrays large areas of Cleveland or just the couple of streets featured.

 

Why aren't these houses knocked down and returned to farmland (assuming they're farmable)? In a growing city farmland is replaced by housing. It makes sense that in this case the opposite is true - housing is replaced by farming. 

 

 

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Money would be my guess. A quick search indicates that you can get farmland for $5000 to $8000 an acre in Ohio, depending on the quality of land. Well drained good soils on level ground being on the higher end.

 

That is equal or less than the demolition and removal cost of a house, which is probably only a quarter acre at best judging by the video. Then you have to get rid of roads, pipes, driveways etc.not to mention foundations, which must be horrific to get rid of. Then I would question the quality of the soil and you are probably looking at bringing in a whole heap of top soil from somewhere.

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