drbubb Posted June 21, 2008 Report Share Posted June 21, 2008 According to a Gold Seek radio documentary (20 June 3/4rds in) : Link California's Central Valley (Stockton, CA) is "the epi-center of the subprime crisis" + Prices are down 30 -40% + One in four homes in foreclosure Map- transport links .... From "beautiful suburban homes" in the Stockton area, some people planned to commute long distances to jobs in the area of San Francisco, Sacramento, or San Jose. Commuting times could be ... one hour or more. Stockton is 80 miles east of San Francisco, and 80 miles north of San Jose. How Stockton living was /and is/ being promoted: "The uniqueness of California's Central Valley with Stockton at its center becomes apparent when we consider its attributes. Its location, midway between world famous San Francisco and the majestic Sierra Nevada mountains, afford it a setting second to none. The area has an agreeable climate with warm, dry summers and mild winters. The San Joaquin Delta where the Sacramento and San Joaquin Rivers meet before entering the San Francisco Bay, is an area rich with outdoor recreation opportunities. The Delta covers over 1,000 miles of navigable rivers, streams, and canals for fishing, boating and water sports. Within 1.5 to 2.5 hours of driving time Stockton residents can visit metropolitan San Francisco, the gold country of the Mother Lode, the Sierras, Napa Wine Country, ski bowls, the state capitol, Lake Tahoe and beautiful Pacific Ocean beaches. Yosemite National Park is just 2.5 hours away." /source: BlowRealtors Other Stranded suburbs are: + In Florida : xxx + In Colorado : xxx + Near Phoenix : xxx + Near Detroit : xxx (Northwest Detroit- where I grew up) = = = = = LINKS: National Foreclosure map : http://bp2.blogger.com/_oTwEGiup_Wo/R_o38R...re_Map_6Apr.jpg HPC City Centre flats : http://www.housepricecrash.co.uk/forum/ind...showtopic=79862 Link to comment Share on other sites More sharing options...
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