From boom to bust: About this series

  • Article
  • Updated: April 21, 2008 - 9:48 AM

About this series: Just two years ago, Wright County epitomized the American dream of home ownership. Young families went there in droves, attracted by the cheap land, good schools and bucolic neighborhoods. But today, that dream is unraveling, as foreclosures rip through Wright County neighborhoods at a rate of 23 a week. What happened?

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dvsdanApr. 20, 0812:11 AM

well written. very interesting peice.

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carlson7472Apr. 20, 0810:01 AM

The suburban development model is dead. In a world where natural and financial resources are becoming more scarce, it makes sense that the most inefficient form of development is not a good investment. When times are tight, efficient (read: urban living) is financially the best decision.

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MorgApr. 20, 08 1:22 PM

Have 6 kids on a phone tech's wages and then buy a $350,000 house? Brilliant!! Lack of brains on your part doesn't constitute an emergency on mine. Or the bank you made the deal with.

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letsreaditApr. 21, 0810:48 AM

if the deal or price is to good to be true it usually isnt.it was a quick rich scheme that is going to be paid back by all even those who didnt invest.think our rates at banks and loan agencys arent going to escalate? but the state will help bail them out .......................

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joncolvinApr. 23, 0811:09 AM

FIRST OF ALL YOU BROKERS AND THE AGENTS OF MORTGAGE SHOULD KNOW HOW TO DO YOUR JOBS! NOT TRY TO SUCK EVERY BIT OF MONEY YOU CAN OUT OF THE HOME BUYERS AND LIE TO THEIR FACES ABOUT IT. DON'T TELL THEM YOU HAVE A EASY 3 STEP WAY TO BUY THE HOME THEY WANT AND TO TRUST YOU. DON'T BLAME IT ON THE HOME BUYERS. YOU ARE THE REASON "MOST" HOMES ARE EMPTY NOW.MAKEING MONEY OFF THE HARD WORKING PEOPLE TRYING TO HAVE THE AMERICAN DREAM.SECOND 6 KIDS, 2 FULL TIME JOBS, A WIFE THAT HAS A FULL TIME DAYCARE. A FAMILY THAT WORKS VERY HARD FOR WHAT WE HAVE AND WAS LIED TO ABOUT PROMISSES AND BUYING THE HOUSE. DON'T TELL ME OR ANY ONE ELSE THAT WE ARE TO BLAME. BE A MAN OR A STAND UP WOMAN AND TAKE THE BLAME AND STOP TRYING TO SCAM EVERYONE FOR A BUCK!

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