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Website review: BBC NEWS | Business | Foreclosure w...

penman2 penman2 discovered this in Real Estate 5 reviews since Nov 4, 2007
icon tagsreal-estate, economics news.bbc.co.uk/2/hi/business/7070935.stm

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LafnLion rated 6 months ago
Here's another article on the subprime mess - a BBC article that focuses on Cleveland, Ohio.
solasaurus rated 6 months ago
From the page: "A wave of foreclosures and evictions is about to sweep the United States in the wake of the sub-prime mortgage lending crisis. This could destabilise the US housing market and may also lead to further turmoil in financial institutions, who collectively own $1 trillion (£480.6bn) worth of sub-prime debt."
braveheartdesign rated 6 months ago
From the post: Cleveland, Ohio, is an industrial city on the banks of Lake Erie in the US "rust belt". It is the sub-prime capital of the United States. One in ten homes in the city is now vacant, and whole neighbourhoods have been blighted by foreclosed, vandalized and boarded-up homes.
JD001 rated 6 months ago
This is nuts!
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