Housing Desert Leads Biggest U.S. Homeownership Drop Since 1930s
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Stephanie Santiago moved to a newly built development in Buckeye, Arizona, in 2008, and waited for other families to arrive with playmates for her 8-year-old daughter. Three years later, she’s still waiting.
“There are a lot of empty neighborhoods,” said Santiago, 30, pointing past the five large stucco houses on her block, which are surrounded by cotton fields and vacant desert lots. “They started to build and walked away.”