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The chickens have come home to roost in Dallas

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Horse with no Name Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-18-08 08:29 AM
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The chickens have come home to roost in Dallas
as they will all over this country. Class wars are not going to be far behind.

http://www.dallasnews.com/sharedcontent/dws/dn/latestnews/stories/011808dnbushomes.284b111.html

The mortgage market meltdown and rising foreclosure rates have widened the divide between rich and poor in the North Texas housing market.

And higher commuting costs are also coming into play.

Neighborhoods with large numbers of expensive homes and low foreclosure rates for the most part saw increases in home prices in 2007, an analysis of year-end housing data shows.

But many residential districts dominated by low- and moderate-priced housing and high foreclosures suffered price declines.
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