Snapshots: Zombie Subdivision

We stumbled upon a zombie subdivision, which is a subdivision left abandoned by the original developers. Usually banks own them, usually unwillingly.

North Carolina law prohibits developers from selling lots until after installing all the infrastructure, things like roads, electricity, cable, sewage et. al. This requires a huge outlay of cash, usually in the form of a loan.

When the economy tanked and home values took a hit, these large projects found themselves upside down.

It’s unclear to me why I like zombie subdivisions. I’ve toured many since 2008, mostly in North Carolina. They represent a unique intersection of hope and failure, a collision of market forces and government. One cannot deny the post-apocalyptic appeal of such landscapes, an open wound on the land.

This one, however, shows signs of returning to life.

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