Friday, 18 March 2011 |
Home Wreckers: How Wall Street Foreclosures Are Devastating Communities
As the foreclosure crisis continues, the costs to homeowners, the property tax base, and local governments adds up to $650 billion to as much as $1 trillion. Wall Street banks shattered our economy and left our communities to clean up the pieces. The housing market is where the economic crisis began and without immediate action, we are facing a multi-billion dollar hit to homeowners and communities across California that would undermine the economic recovery our state desperately needs. Without a remedy, the damage to our communities will be staggering and long-lasting.
Read More...
|