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Loan Modification

: Mortgage Lender Implode-o-Meter

Housing Bust Creating Declining Cities Filled With ?Bulldozer Bait?

By Implode-Explode Heavy Industries

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"Anyone who?s spent any time in the Rustbelt has seen their share of vacant boarded up houses. As job opportunities diminished, folks pulled up stakes, populations dropped and the market for their houses disappeared. Cities went into decline. Now a new study by James R. Follain, Ph.D., senior fellow of the Rockefeller Institute of Government says that we have a new type of declining city- the cities that went through the boom and bust of the housing bubble"

Full post as published by Mortgage Lender Implode-o-Meter on January 08, 2011 (boomark / email).

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