Okay, so it's almost afternoon. Here's a great article from today's NYT Business section about the housing bust in Merced. Three-quarters of the current sales there are foreclosures. My question to the developers of these empty REOs is: Merced? What were you thinking?
For your amusement, I bring you an LAT Opinion section cartoon by Mimi Pond. It's about grocery shopping in our very own Glendale!
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