Wednesday, November 14, 2007

Suburban Decay

From the San Jose Mercury News:
Here's an unexpected consequence of the subprime mortgage crisis: a West Nile virus season that was worse than it had to be.

Officials blame neglected swimming pools at foreclosed homes throughout California that attracted mosquitoes that carry the potentially fatal disease.

In Santa Clara County, about 200 pools, green and black with algae, were identified this summer through aerial surveillance, at least three times as many as in 2006, Kriss Costa, spokeswoman for the county's vector control district.
Time to call in the (ex)terminator.
In August, Gov. Arnold Schwarzenegger declared a state of emergency in Kern, Colusa and San Joaquin counties and set aside $10 million for statewide mosquito control efforts.
And Stockton tops the national stats this week with 1 in every 31 households currently in forclosure. It had to happen sooner or later, there simply aren't enough people who make enough money to afford crappy half-million dollar tract homes.

2 comments:

rbbergstrom said...

Bad season to be Arnold. All that dude has done the last couple months is declare states of emergency and demark parts of Cali as disaster areas.

Guess he's practicing, just in case they get that Amendment passed (the one from Demolition Man) and he inherits what's left of this country.

List with Laszlo said...

This is what happens when mortgage companies are allowed to charge excessive "low introduction" fees with very high closing costs rolled into loans designed to take all the profit up front because no one could possibly pay off the loan at those rates. It's the fallout of white collar crime. So where were the government regulators? Just sitting back and watching their business buddies get rich at the expense of the rest.