The Null Device

Posts matching tags 'recession'

2008/4/3

When the prices of metals rose, one started to hear of thieves electrocuting themselves on powerlines, train services being disrupted because someone nicked all the signal cables and public artworks disappearing in the middle of the night, undoubtedly destined for the scrap market. Now, in the US, the subprime crisis has caused a wave of foreclosures and evictions, and a glut of empty, mostly new houses, some of which are now worth less than their pipes and wiring. So, not surprisingly, these houses often end up being torn apart by scavengers:

"We're seeing houses sold for $100 that are distressed houses that should not be recycled," he said. Some boarded-up homes in his Slavic Village community have "No copper, only PVC" painted on the boards to stop would-be thieves.

(via Boing Boing, Reuters) crime economics recession usa 0

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