South Florida Region Leveled By Hurricane Andrew Now Being Devastated By Foreclosures

In Homestead, Florida, The Associated Press reports:

• Seventeen years after Hurricane Andrew leveled much of southern Miami-Dade County, a different kind of storm is devastating households here: foreclosures. In certain ZIP codes in places like Homestead and Florida City, around 25 percent of the homes are in one stage of foreclosure or another. Countless others were built by developers and sit vacant in ghostly subdivisions, with not a buyer in sight.(1)

For more, see Disaster: Homestead, Fla., hit by foreclosures (if link expires, try here).

(1) The "Chinese Drywall" problem with some of the recently-constructed homes only adds fuel to the fire. See:

• Drywall suspicions complete family's perfect storm of misery,
• Florida: Drywall has material that can emit corrosive gas.