The American Southwest is full of neighborhoods that are empty of people, but ready to go, They have roads, sidewalks, utilities, sometimes even rows of unoccupied homes.
These are the subdivisions that the housing crash left behind, frozen in time on their way to completion. Welcome to the world of "Zombie Subdivisions", land that has been permitted and slated for development, with no buyers for those homes anywhere.
Developers say these spaces are just dormant, waiting for another economic boom to bring them online. But what happens if the market demand is gone and not coming back to the region. We discuss "Zombie Subdivision", and "smart decline" on this program.