You know how the economy is melting down around us?
Well, here's something to noodle on: According to the New York Times, the 20 hardest-hit ZIP codes in the housing foreclosure part of the meltdown are all in four states: California, Florida, Nevada and Arizona.
All of those except California are places often touted as "affordable" places to live - people move there because of the cheap housing. Maybe there's a price to pay for cheapness?
I don't know about you, but I'm still surprised whenever I hear that this economic meltdown is only the worst since 1994 or 1991 or sometime in the 1970s. Because I don't remember any other time when it felt like the economy was in such a free-fall.
How does this compare for you all?
- Terri Hallenbeck