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economic crisis

Surreal Estate

June 18, 2009

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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?

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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.