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Thursday, August 14, 2008

CALIFONIAN NIGHTMARE

"Stockton has become known as Foreclosure Town, USA. With one in 25 houses in foreclosure, there are more properties with mortgages in default here than anywhere in the country. And it is not as if there isn't some stiff compeition for Stockton's dubious accolade in other corners of California, and indeed in the rest of America." (Observer, 10 August) RD

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