Why is so much of the subprime mess concentrated in California, Arizona, Nevada, and Florida? Of the 20 zipcodes with the worst negative equity, 13 are in three counties–one in CA, one in NV, and one in FL. Is this just a random event? I don’t think so. But I don’t know the reason and I haven’t seen one.
Next post: Wintertime Temperatures Cold at the North Pole
Previous post: A T-Shirt or something, please