It sucks to see so much in the way of new, or nearly-new, building materials knocked down like that, but it's a good strategy if you're the bank. When the market picks back up, they can always sell the vacant lots, or pay to build new homes then - when they're more likely to sell and be occupied, thus deterring squatters, vandals, and other nuisances.

The neighbors in that community probably appreciate this, too, because they won't have to deal with those problems, or with looking at a bunch of half-finished homes.

Besides: nothing says that the lots are unusable between now and whenever the market picks back up. There could be all sorts of neat things on that property, like a dog park or some other such thing.

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