Sunday, December 7, 2008

Happy Valley becomes Foreclosure Valley

Happy Valley was one of Oregon's biggest boom towns, now it has one of the highest foreclosure rates in the state. Ryan Frank wrote an excellent article profiling some of the builders and speculators that saw easy profits in Foreclosure Valley.

Ryan Frank: Road to ruin: Happy Valley street embodies national housing bust

Be sure to read the comments at the bottom of the article. Oh how public opinion has changed.