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Mortgage crisis sees suburbs slump
guardian.co.uk — There goes the neighbourhood: as the banks foreclose on loans across the US, worried householders watch their tree-lined streets change. The full onset of the mortgage foreclosure crisis, coupled with demographic changes, rising fuel prices and a host of other factors means that the suburbs could be on the way out.
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- jboitnott, on 04/28/2008, -0/+1Quite a few people out there are concerned that our suburbs may become "slum-burbs."
- jcweezy, on 04/28/2008, -0/+1hope you have some savings cause it's gonna be a few years tell things bounce back. If you do, great time to become wealthy.
- dreicher, on 04/28/2008, -0/+1When is it a bad time to be wealthy?
- Radigg, on 04/29/2008, -0/+1its the trickle up effect!
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