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China Moon Crowell, "ChinaMoon"
Real Estate Agent
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For example, per The NY Times on 11/04/2007, an article called "College Towns Escape the Pain" By FORD FESSENDEN, pointed out that all the hoopin' and hollerin' on sub primes isn't a nation wide problem with peoples and families in high debt in every state but in minuscule when you look at the big picture, locally:
The list of metropolitan areas with the smallest percentage of high-cost home loans is dominated by small cities with big colleges, including:
Ithaca, N.Y.
Iowa City
Madison, Wis.
Morgantown, W.V.
and State College, Pa.
?Where sub primes are turning up is in hot markets, but also in places like Cleveland and Detroit...? ?College towns are more stable places in some respects.
Read the article in its entirety here:
http://www.nytimes.com/2007/11/04/weekinreview/04fess.html?ex=1352091600&en=ec83ae56e96580b2&ei=5124&partner=permalink&exprod=permalink
Get the actual facts about your specific area by speaking with a local Realtor or Agent. The sub prime for the Dane County area is at 13% while surrounding counties are in the 20-30% range.
You go to a trusted source for important information for other aspects in your life, i.e. your physician, attorney, homeroom teacher, to find out what's happening first hand. Why should one of the biggest financial decisions in your life be any different?
I'm here to help you.
Have YOU been to China?
~China Moon, RealtorŪ
McFarland, Waunakee, Westport, Middleton and Madison WI areas
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