A row of houses, a lot of them foreclosed or in the process, in Stockton on March 11, 2008. These houses were part of the building boom in the region a few years ago, most of the time encroaching on agricultural land. Stockton, formally a bucolic Californian farming town, is considered the epicenter of the subprime mortgage crisis in the US. Thousands have been foreclosed and more are expected in the near future.
|