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A Town Drowns in Debt as Home Values Plunge
By Tazman | November 19, 2008
a href=”http://www.nytimes.com/2008/11/11/business/11home.html?partner=rssnytemc=rss”img src=”http://graphics8.nytimes.com/images/2008/11/11/business/11home-inline1-75.jpg” border=”0″ height=”75″ width=”75″ hspace=”4″ align=”left”/aAlmost 90 percent of homeowners in Mountain House, Calif., owe more on their mortgages than their houses are worth.
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