Two years of economic collapse have pockmarked the D.C. region’s affluent suburbs with blight, and experts are worried that the foundering cul-de-sacs and towns are on the verge of becoming the region’s next ghettos.
No IPTC Header found”What you’re looking at now is a structural problem,” Brookings Institution scholar Christopher Leinberger said. “We have structurally overbuilt the fringe … It ain’t coming back.”
Consider, for instance, Prince William County’s Georgetown South community. The signs there used to say, “For sale.” Then they said, “Foreclosed.” Now they say, “For rent.”
Foreclosures per 10,000 homes as of April 30, 2008:
