Urban Renewal – Artists Colonize Cities Blighted By Foreclosure

“Drawn by available spaces and cheap rents, artists are filling in some of the neighborhoods being emptied by foreclosures. Now, the current housing crisis has created a new class of urban pioneer. Nationwide, home foreclosure proceedings increased 81% in 2008 from the previous year, rising to 2.3 million, according to California-based foreclosure listing firm RealtyTrac. Homes in hard-hit cities such as Detroit and Cleveland are selling for as little as $1.”