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A good post in this sad situation, here:

http://www.nakedcapitalism.com/2009/06/low-interest-rates-lead-to-overbuilding.html#links

Nothing to add. Or maybe, yes, why are empty houses so expensive to the town councils... could it be an stupid taxation system?

It's hard to eat...

903.000 households were foreclosured on first quarter of 2009... Someone keeps the account?

Bulldozing might be the most sustainable solution in the long term, but who pays it?

Who caused it?

Who benefited from it?

Who shold be killed?

Finished.

by kukute on Sat Jun 13th, 2009 at 09:28:17 PM EST

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