Saturday, August 23, 2008

Foreclosure Central

The experience of Merced, Calif., suggests that recovery from the national real estate debacle will be painful and protracted.

Read this riveting article, "In the Ruins of the Housing Bust, the Price of An Illusion," about a city in crisis. It's the worst-case scenario, sure. But we all know, or will know, folks facing the same things. And the run-up in prices sure sounds familiar....

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