Vacant Homes Invite Creative Reuse

From movie sets to pot farms to low-income housing, foreclosed homes have been converted in unepected and resourceful ways. Catherine Rampell reports.
January 11, 2012, 5am PST | Anonymous
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"Across Ohio, Michigan and many other states, governments are simply bulldozing empty homes and replacing them with urban farms, public parks or other infrastructure. It's little wonder houses sit unsold and empty when tighter credit requirements have most likely discouraged some 13 million households from buying homes, according to Capital Economics. As a result, rents are at record highs, prompting some homeowners to voluntarily vacate so they can rent out their homes at a tidy profit - the so-called leveraged move-out."

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Published on Saturday, December 10, 2011 in The New York Times
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