Housing Melt-Down Not Limited to Subprime Borrowers

There are many caught in the cross fires of the housing bubble.  Here is a story of a real estate investor who got caught up in the mania in 2005.  He bought a waterfront property in the hopes of subdividing it, creating a luxury “dream” home for himself and another to sell for profit. Unfortunately, he is stuck with a luxury vacation home no one wants and his unfinished dream home is ready for auction.

Source: BBN TV

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