Friday, 17 December 2010

A well known American story

Welcome to Zombieland: Ladera Ranch, California
Welcome to Ladera Ranch
A CNN article highlights some of the underlying problems of the troubled US housing market and that the problem is far from being solved just yet…

‘Yet for the housing market to return to health, there needs to be resolution for these zombie loans that won't ever be paid in full and won't quite die either. Until they can be eliminated through short sales, foreclosures, and permanent modifications, the zombies will keep home values from recovering and suck momentum from the economy. They're not departing soon.‘

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