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Not All Suffering From This Gnarly Market

from the NY Times

Skaters Jump In as Foreclosures Drain the Pool

Jim Wilson/The New York Times

A group of friends skating the pool of a foreclosed home this month in Fresno, Calif. Skaters are coming to places like Fresno from as far as Germany and Australia. More Photos>

By JESSE McKINLEY and MALIA WOLLAN

On a recent morning, a 27-year-old skateboarder who goes by the name Josh Peacock peered into a swimming pool in Fresno, Calif., emptied by his own hands — and the foreclosure crisis — and flashed a smile as wide as a half-pipe.

“We have more pools than we know what to do with,” said Mr. Peacock, who lives in Fresno, the Central Valley city where thousands of homes, many with pools behind them, are in foreclosure. “I can’t even keep track of them all anymore.”

In these boom times for skaters, Mr. Peacock travels with a gas-powered pump, five-gallon buckets, shovels and a push broom, risking trespassing charges in the pursuit of emptying forlorn pools and turning them into de facto skate parks. Skaters are coming to places like Fresno from as far as Germany and Australia. Mr. Peacock said his floor and couch were covered by sleeping bags of visiting skateboarders each weekend.

 

Some skateboarders use realty tracking sites like realquest.com and realtor.com to find foreclosed houses with pools, while others trawl through satellite images from Google Earth. On the Web site skateandannoy.com, where skaters trade tips about how to find and drain abandoned pools, one poster wrote about the current economic malaise. “God bless Greenspan,” the post read, “patron saint of pool skatin’.

“There are more pools right now than I could possibly skate,” Mr. Morgan said. “It’s pretty exciting.” Mr. Peacock travels around town in his pickup searching for the addresses of homes he has learned have been foreclosed on, either via the Internet or from a friend who works in real estate. He has also learned to spot a foreclosed house, he said, by looking for “dead grass on the lawn and lockboxes on the front door.”

[ click to read full article at the NY Times ]

Posted on December 29, 2008 by Editor

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