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October 06, 2008

Foreclosure Alley Economy

In Southern California, fully half of the houses being sold now are houses that were repossessed by the bank.

You can read a statistic like that, and it doesn't really hit home. But watch this video. Trust me. It's like nothing you've ever seen.

[Via Cryptogon]

Posted by Jonathan at October 6, 2008 10:59 PM  del.icio.us digg NewsVine Reddit YahooMyWeb