Tuesday, July 22, 2008
"Not by recession, but by stupidity"
In San Diego a disproportionate share of subprime loans were doled out two and three years ago to minorities and immigrants in the same zip codes with predatory arrogance and wishful thinking. Now bank-owned, ghost-town neighborhoods languish and drag down property values across other San Diego neighborhoods.
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Hey there,
ReplyDeleteI think people will not be able to pay off their debts to banks, due to economic down turn in USA and people make less $ than they earned last year..