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2 posts tagged with mortgagecrisis by stbalbach.
Displaying 1 through 2 of 2.
The sub-prime mortgage crisis is giving way in some places to crime ridden McMansion ghettos, perhaps the beginning of a larger long term trend in demographics
: "many low-density suburbs and McMansion subdivisions, including some that are lovely and affluent today, may become what inner cities became in the 1960s and ’70s—slums characterized by poverty, crime, and decay."
posted by stbalbach
on Feb 29, 2008 -