Relevant:
- Subprime crisis: US foreclosures bring homelessness to the middle class
- New foreclosures set record in latest MBA survey
- Decline of the U.S. Middle Class, Both in Reality and Perception
- Buying Beats Renting as Foreclosures Cut Home Prices in Texas, California
- Housing Woes Hit Affluent Middle-Class Homeowners
2007-07-26 — cnn.com
"there also has been a big increase in foreclosures in economically vibrant regions, ones with growing populations and steady job growth, such as California, Arizona, Nevada and Florida. That's new." -- Now it is being realized that the REAL problem in the mortgage market is not the poor, but the overextended middle class.
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