economic crisis

Surreal Estate

June 18, 2009

Check out this great slideshow from Newsweek showing some of the physical legacy the bust has left on the landscape.

Empty lots. Empty houses. Empty office towers. Empty hotels. Half-built buildings. Even empty boats.

The magazine says “thousands of commercial and recreational boats have been abandoned across the nation as the economy sinks.”

Who knew?

Ryan Chittum is a former Wall Street Journal reporter, and deputy editor of The Audit, CJR’s business section. If you see notable business journalism, give him a heads-up at rc2538@columbia.edu. Follow him on Twitter at @ryanchittum.