Random Feed wrote an interesting post today on
Here’s a quick excerpt
It only took 18 months but the fact that the US luxury real estate market is falling apart at the seams is finally starting to sink in.Yesterday’s Wall Street Journal chronicled the plight of high-end housing markets as formerly wealthy homeowners are falling behind on their mortgages at an astounding rate. Defaults and foreclosures are increasing in the Jumbo Prime mortgage space — big loans made to borrowers who were supposed to be good credits — at a faster clip than in any other segment of

Read the rest of this great post here