Contents of Foreclosed Homes Going to the Dump. Where are the Green Entrepreneurs?

‘Foreclosure Alley’: that’s the nickname of one area in Southern California that’s been so hard-hit by the mortgage crisis, there’s barely a home in the neighborhood that’s still occupied.  The beautiful valley filled with spacious homes with formerly sparkling pools and manicured lawns is now decaying.  So many homes have been foreclosed, the banks can’t clean them out fast enough.  So, they’re resorting to the cheapest way to empty the homes of their contents: hiring companies to haul it all away to the dump.

Check out this video from KCET SoCal Connected:

Shocking, isn’t it? Surely there’s a better way. Especially once you consider the fact that the vast majority of this stuff is perfectly good – better than the quality that most charities receive as donations for people in need.  It’s sickening to see giant trash bins full of clothing, bedding, televisions, brand new computers, cookware, toys, baby supplies and other valuable items being poured into a dump truck.  The company featured in the video ‘trashes out’ an average of 15 foreclosed homes a day.  That’s a lot of trash.  Apparently, they’ve tried to donate this ‘trash’ to charities, but the charities aren’t well-organized enough to get the stuff fast enough to please banks that are eager to keep things fast and cheap.

Max Gladwell speaks for a lot of us when he asks, “Where are the green entrepreneurs?”  This is a prime opportunity to step in and not only make a big profit, but get items to people in need AND prevent all of this stuff from crowding landfills.  It’s a win-win.

From Max Gladwell:

We envision an operation that rents cheap warehouse space in strategic locations near current and pending foreclosure areas. One would partner with the trash-out companies and hire teams of low-cost labor to work with them to identify and recover the most valuable items in a highly strategic manner. Much of it can be sold through eBay and Craig’s List. Other items can be Freecycled. As the operation scales and diversifies, one could take over for the trash-out companies and offer banks a green alternative. As the company gains momentum and scale, it could operate more cost-effectively than the non-green competitors because revenue would be generated at both ends, while also saving on the landfill fees.

Somebody jump on it!

Link [Max Gladwell]

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