As usual, those bad boys of California, Arizona and Florida have major cities all ripe for more mortgage defaults. We are moderate, but look at McAllen-Edinburg-Mission, TX. Did an interview last week with someone who is developing in that area and in a word — HOT!
Pop-quiz: what is the one home market in the world where there is an under-supply of housing and the middle class is buying homes faster than the builders can build ‘em?
Dubai?
Hoovervilles?
Not even hot.
Granbury? Submitted only because I read the RECON too.
Yeah Granbury
Excellent site. Good work.