Thanks, pemeliza. I didn’t think you were trying to make it personal at all. Thanks for your post, though. 🙂
Believe it or not, there are still a lot of places across the nation that are still not affordable to the people who are living and working there. The bubble was allowed to burst in many places, but not all. From what I’m hearing, they saw the same pattern everywhere else that we’ve seen here: the lowest-tier homes declined because there was no buffer, whatsoever. The mid-higher tier areas have held up better because the govt began their various props just as the declines were hitting these better areas. It’s not just the “prime” areas in NCC that are being propped up, it’s everywhere (unless the area was hit by something else, like the decimation of their job base like Detroit, etc.).
