Buckeye, Arizona<br />
July 20, 2012<br />
<br />
38 yrs old unemployed and homeless, Le Graham scavenges a neighborhood development that stopped 5 years ago when the housing crisis first hit. The property, as many, has weeds grow through the cracks in the cement of what was to be an expansive middle-class neighborhoods. <br />
<br />
Many of the developments on the outskirts of Phoenix stretched into what use to be farm land stopped in 2008 as the housing market collapsed and money dried up. <br />
<br />
Currently in Phoenix many banks and investors are holding properties and waiting for prices to rise to turn a profit. This depletes the amount of homes on the market and any need for home ownership is harder to find artificially driving prices up in Phoenix by as much as 20% in the past months.

Details

Foreclosure West
Buckeye, Arizona
July 20, 2012

38 yrs old unemployed and homeless, Le Graham scavenges a neighborhood development that stopped 5 years ago when the housing crisis first hit. The property, as many, has weeds grow through the cracks in the cement of what was to be an expansive middle-class neighborhoods.

Many of the developments on the outskirts of Phoenix stretched into what use to be farm land stopped in 2008 as the housing market collapsed and money dried up.

Currently in Phoenix many banks and investors are holding properties and waiting for prices to rise to turn a profit. This depletes the amount of homes on the market and any need for home ownership is harder to find artificially driving prices up in Phoenix by as much as 20% in the past months.

Filename: 6767_07_20_2012.JPG
Photographer: ARCHIVE ANTHONY SUAU
Source:
Date 20 Jul 2012
Location: Phoenix Arizona USA
Credit: Anthony Suau © 2012
Copyright: Anthony Suau © 2012
Model Release: No
Property Release: No
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Keywords:
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  • collapse
  • artifical prices
  • housing. neighborhoods
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