Category: Articles

Biggest Defaulters on Mortgages Are the Rich

Biggest Defaulters on Mortgages Are the Rich
By DAVID STREITFELD
Published: July 8, 2010 on NYtimes.com

The housing bust that began among the working class in remote subdivisions and quickly progressed to the suburban middle class is striking the upper class in privileged enclaves like this one in Silicon Valley.

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