The Unwinding Of This Housing Boom

The Boston Globe reports from Massachusetts. “More than 700 properties in Boston fell into foreclosure last year, about three-quarters of them in Dorchester, Roxbury, Hyde Park, and Mattapan. The city’s Homeowner Foreclosure Prevention Workshop workshop was one of a host of efforts the city has made in the past two years to contain the crisis. Carol Anderson,who lives in Dorchester, said she and her husband make $70,000 to $80,000 a year combined and borrowed $465,000 to purchase their home with no down payment.”
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Original Source: thehousingbubbleblog.com

  31 March, 2008| housingblogs | @ 15:51

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