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The Good Ol Days Include The Recession Years In California

Posted on May 15, 2008

The Orange County Register reports from California. As the sub-prime mortgage crisis reverberates across Orange County, the Pufpafs and other Ladera residents are adjusting to a new housing reality: falling prices. Ladera Ranch resident and Realtor Sherrie LeVan represents Dyer as well as interior designer Toni Blackman, a resident in nearby Coto de Caza, who s been flipping her homes every two to three years since the 70s. This is the worst I ve seen it [the housing market], Blackman said. Blackman bought a 3,100-square-foot home in Dove Canyon in September 2005, at ...

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budget , economics , economy , foreclosures , housing , housing bubble , real estate , tax , taxes
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