Shaker Heights: Ghost Town? (Cleveland, Union: mortgage, foreclosures, for sale)

[andrew61]

Can this be true? I know I left town more than twelve years ago, and I knew Cleveland's inner-ring suburbs were facing some of the most serious challenges in their history, but I had no idea things in Shaker Heights had gotten this bad:

US mortgage crisis creates ghost town

[MABCle]

Originally Posted by andrew61

Can this be true? I know I left town more than twelve years ago, and I knew Cleveland's inner-ring suburbs were facing some of the most serious challenges in their history, but I had no idea things in Shaker Heights had gotten this bad:

US mortgage crisis creates ghost town

If Shake is a ghost town, than Lake Erie must be a tropical sea. Shaker Heights is no ghost town.

[complexsimplicity]

This story is so exaggerated it isn't even funny. I do admit though, there are a lot of for sale signs around but it is not a ghost town. I wonder what part of Shaker are they talking about. I've never seen a house with the aluminum stripped and where is this Eagle's supermarket in Shaker? I have a feeling that this story might pertain to the Shaker area bordering Kinsman or past Chagrin.

[andrew61]

Hmmm.... The plot thickens. Now the exact same story shows up on Yahoo, only this time it's "Mount Pleasant", not "Shaker Heights", and Union Avenue instead of Chagrin Boulevard:


US mortgage crisis creates ghost town


What's going on here?

[LancasterNative]

What in the heck?! Shaker is getting some baaaaad press lately.

Just the other say, I saw this horrible story in the New York Times.

Shaker as I recall it (early '90s) was still a highly-coveted address. Even if it wasn't the highest income ZIP code anymore, it was still by far the most prestigious! Some of those houses near Shaker Lakes, along North Park & South Park Blvds. looked like the royal palaces of some small countries!

I find it very hard to believe that all this has changed within 15 years. I have to wonder if some selective (i.e. distorted) reporting is going on here. This "foreclosure" story especially kinda smells funny, and I wonder what all they're not telling us

[boardmanite]

I hope that is an exaggeration! Shaker Heights was one of my favorite neighborhoods back home.

[costello_musicman]

Facts were terribly misgiven somewhere. I went for a drive yesterday while in Shaker, and I could not find more than 10 foreclosure signs in the entire city.

How can the national/international media get this so wrong and yet make it sound so real?? This is seriously a wrong...

OK. I think it's time I'm going to start defending my city and region.

EDIT: this website only lists 18, and none of them are on the same street. CUYAHOGA County Ohio Foreclosures - HUD Homes - VA REO - Bank Foreclosure

[LancasterNative]

Originally Posted by andrew61

Hmmm.... The plot thickens. Now the exact same story shows up on Yahoo, only this time it's "Mount Pleasant", not "Shaker Heights", and Union Avenue instead of Chagrin Boulevard:


US mortgage crisis creates ghost town


What's going on here?

Great sleuthing, Andrew! Looks/sounds to me like a little funny-business, also known as journalistic fraud!!!

[complexsimplicity]

What in the heck?! Shaker is getting some baaaaad press lately.

Just the other say, I saw this horrible story in the New York Times.

This story makes the New York Times, it doesn't suprise me. They going to get as much press out of this situation as they can. The situation was horrible, but it was random and I think they are blowing it waaayyy out of proportion. This could've happened to anyone and the lesson that should be learned it to be careful of your surronding no matter where you are. I bet if he was an african american man beaten by a bunch of caucasian kids it woudn't have gotten this much press. I'm so sick of the media.

[Traveler87]

LOL Shaker Heights a ghost town...... now that is funny. Great downtown, beautiful homes, and is part of the Cleveland Rapid Transit.