Blogging On Interest Rates, Economics & Business in New Zealand

He does an analysis of what what one fast food shopping centre in the Inland Empire in California is actually worth given the housing distress in the surrounding area. Here's the mashed up map below showing which houses are in foreclosure ... It is a vast suburban mess of empty new housing developments, strip malls and warehouses between Los Angeles and Las Vegas. It boomed during 2004 to 2007 as it became the warehousing hub for much of the imported consumer goods coming ...