Thread: Mortgage Crisis?
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Old 03-12-2008, 12:34 PM   #2 (permalink)
pensacola_niceman
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The foreclosure crisis seems to be affecting two segments of our population:

Mostly white families that are barely middle class trying to afford homes in California that are priced about 3 to 5 times what they are worth.

Black families with limited education getting suckered into to ARMs that they could possibly afford after the first year.