Not that I'm saying some houses have been overpriced, or anything, but here is a diagram of the foreclosure rate in the area where I grew up. Each little house symbol denotes a property in foreclosure.
Now, here is the area where I live now. If you looked really closely you'd see I had to fudge a bit. I had to zoom out by one more step in order to get any foreclosures to appear.
Sunday, June 29, 2008
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