Apparently, there are a number of communities within stretch-commute distance of San Francisco that are being largely abandoned as the home values descend past their mortgage value, and home builders continue to build homes.
This is the sort of story I would presume is playing out all over the country. I'm like that. I try to be judicious about this sort of induction. I know it's a flaw.
But, so, who would be interested in empty neighborhoods with cheap houses close but not very close to a major metropolis?
Tuesday, August 21, 2007
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