Wednesday, August 15, 2007

Foreclosures in Silicon Valley

CNN says that there have been over 4000 foreclosures in Sunnyvale, Santa Clara, San Jose in the first six months of this year, double the number from last year. It just does not make sense - the economy is booming, house prices continue to rise... On the other hand, 2000 more foreclosures compared to last year in these sprawling residential areas may not be such a crazy thing either...

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