A RE-THINK of affluent communities (gated and all) abilities of weathering the storm better is rubbish……They and their businesses are DRAMATICALLY affected by the downturn…..8/10 of them would NOT be behind those gates if it werent for the last economic prosperity of easy credit.
They will face as much foreclosure activity as the median neighborhoods, its the EXACT same…..just add more zero's….since its a much smaller market of buyers for that stuff, it just might be WORSE than median neighborhoods…..
