Foreclosures hit 17,408 for the three months ended June 30, for an increase of 799 percent from the same period in 2006. These foreclosure numbers well exceed the prior 1996 high.
Rich Toscano, with Pacific Capital Associates in San Diego said: "There will be individual pain for people who made the wrong decisions. We all may end up in a recession." [tags]foreclosures,San Diego real estate,housing bubble,real estate bubble[/tags] San Diego condos downtown California foreclosures
When will people learn? Much better to invest in gold vs. real estate. Australian gold nuggets
The foreclosure rate is just as bad in Sacramento.
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Are there still people who say San Diego was not a real estate bubble?
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