Subdivisions Becoming Ghost Towns

"All told, 51 lots went into foreclosure. Now the 28-acre Hidden Ridge subdivision really is a mirage. It's got new lamp posts lining freshly paved cul-de-sacs. But no homes, only weeds and cockeyed, rusting for-sale signs."

"'They won't sell now at any price,' Bennett said. 'Not without giving them away.'"

"It strikes me that spots like this, common now in Vegas and Phoenix and San Diego, are our modern-day ghost towns. Abandoned not due to migration or new inventions like the automobile, as it was with the old ghost towns of the West. But due to frenzy."