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Vacant Homes Haunt Once-Vibrant Neighborhoods

December 29, 2009 by admin · Leave a Comment 

New homes in the borough once sold as fast as they went up and rapid-fire development stressed many Staten Islanders.

Today the borough’s residents are adjusting to a new reality — stalled construction sites and foreclosed, sometimes abandoned homes in their midst.

Properties caught in the real estate downturn often go dormant due to a lack of financing or foreclosure, and the resulting empty foundations or boarded homes also can affect the neighborhood psyche — and property value.

Read more about vacant homes

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