Pretty soon a lot of homes will look like abandoned haunted houses, and many small cities will look like ghost towns, because as more people lose jobs, foreclosure crisis is spreading upscale from subprime to luxury.
It used to be that most foreclosures were in the blighted low rent areas of the city, but as our severe economic recession gets worse, we see previous good areas with empty houses. The yards have overgrown lawns and giant weeds. Skeptics say that everything is fine. Well, things are falling apart.
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