Amid the many negative impacts from the fallout of the subprime crisis is an emerging and disturbing trend: foreclosed homeowners are trashing their properties on their way out the door.
"On the lookout for disturbing trends? Here's one for your pile: According to a recent article in Fortune, there has been a noticeable increase in not just fraud but arson that has kept pace with the housing depression. Professionals in the insurance and lending industry are bracing themselves for all manner of similar situations, as homeowners either trash, or simply leave their trash lying around their houses, often taking off without even claiming their furniture. This is already a dirty problem in the housing business, with owners, lenders and banks having to figure out a way to stick each other with the check when tenants destroy their property on their way out the door. Woe is the person left behind to clean up the chaos."
"Homeowners have crunched the numbers and decided their houses are worth less than their mortgages. The open secret about the current housing crisis is that it is almost wholly built upon debt, which is to say the opposite of money. Everyone owes everyone: American banks borrow money from overseas, structure bizarre loans at home for Americans, which are then sliced and diced into securities and sold back to the international debt markets. The whole thing is a feedback loop made of bills needing to be paid. The best-kept secret of the crisis, however, is that homeowners...are bailing out and leaving the banks and lenders to sort out the mess of past-due notices themselves."
FULL STORY: Can't Pay Your Mortgage? Trash Your House and Leave.

Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

Canada vs. Kamala: Whose Liberal Housing Platform Comes Out on Top?
As Canada votes for a new Prime Minister, what can America learn from the leading liberal candidate of its neighbor to the north?

USGS Water Science Centers Targeted for Closure
If their work is suspended, states could lose a valuable resource for monitoring, understanding, and managing water resources.

Austin’s Building Boom Not Reaching Lowest-Income Families
Despite having the highest rate of affordable housing construction in the nation, Austin is still underproducing housing for the neediest households.

New Indianapolis Bridge Prioritizes Walking, Biking
Over half the surface of the Fall Creek Bridge is devoted to walking and biking paths.

New Hampshire House Passes Parking Reform Bill
The revised bill, which caps parking requirements at one spot per residential unit and eliminates exemptions, will go back to the Senate for a new vote.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
New York City School Construction Authority
Village of Glen Ellyn
Central Transportation Planning Staff/Boston Region MPO
Chaddick Institute at DePaul University
Institute for Housing and Urban Development Studies (IHS)
City of Grandview
Regional Transportation Commission of Southern Nevada
Toledo-Lucas County Plan Commissions