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Make Me Smart with Kai and Molly

Episode 114: Antitrust the process

May 21, 2019

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Divided Decade

10 years after the housing crisis, thousands of zombie homes are still stuck in foreclosure limbo

Marielle Segarra Jun 13, 2018
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A lot of us still feel the effects of the financial crisis. But there are places in the country where you can actually still see them  places where houses got stuck in foreclosure limbo, were  abandoned and are still sitting empty years later. People call them zombie homes. And while there are many fewer zombies than there used to be, there are still more than 14,000 of these homes. They’re clustered mainly in cities and towns where there are a lot of protections for homeowners, so foreclosures take longer. We went to Long Island, New York, which has the biggest zombie population in the country, to check in on the unwinding. 

This story is part of Divided Decade, a yearlong series examining how the financial crisis changed America.

 

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