The Sound of Foreclosure

By  by Bennett Gordon
Published on June 4, 2009

A strange sound echoes through many residential neighborhoods in Las Vegas these days: It’s the high pitched tweet that smoke detectors give off when their batteries are almost dead. The reason, according to Krissy Clark of American Radio Works, is “there are so many abandoned houses in foreclosure city [a.k.a. Las Vegas], there’s no one to replace all the batteries and make the beeping stop.”

Las Vegas was once hailed as a recession-proof city, where people were nearly guaranteed to make money just from buying a house. Today, the city has the highest foreclosure rate in the country. Clark takes listeners on a tour of the strange world of post-bust Sin City, a place Clark dubbed “Foreclosure City.”

Source: American Radio Works

UTNE
UTNE
In-depth coverage of eye-opening issues that affect your life.