Mountain House in California has become the world capital of the credit-crunch – a town where 90 per cent of people live in properties with mortgages bigger than the value of their homes.
Americans term the reversal of fortune as being “underwater” and the people in Mountain House are sinking ... more »
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Wednesday, November 12
World's most mortgaged town: U.S. town where 90 per cent of homeowners owe £80,000 more than their houses are worth
by
Jet-to-Let Magazine
on Wed 12 Nov 2008 14:09 GMT
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