The fundamental supply/demand axiom of capitalism seems undermined as America’s urban zones are increasingly characterized by the peculiar specter of new housing starts in green fields — while a vast backlog of unsold, defaulted homes languish in the inner-city. Suckered into bloated mortgage rates and oversized houses, thousands of foreclosed homeowners are now subjects for [...]
Read more
Archive | December 5, 2009

December 5, 2009
