Money Out The Window In California

Radio Netherlands reports from California. “In Los Angeles, at the heart of the American dream, the economic malaise can be seen on the streets. There are For sale signs in the gardens all over the place. And on many of them the word ‘foreclosure’ has been added - forced sale. This is the case with a third of all houses on the market. And this problem looks likely to increase in the years to come. Forced sale was also hanging above the head of 60-year-old Nordik, originally from Armenia. (He does not want his surname published.)”
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Original Source: thehousingbubbleblog.com

  31 March, 2008| housingblogs | @ 23:59

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