Wednesday, 11 July 2007

Disparate Lives

- Sub-prime mortgages are higher-risk loans given to borrowers with a poor credit rating or those on low incomes. US house repossessions in the sector have reached record highs this year.

- A Beverly Hills mansion has been advertised for sale at $165m, making it the most
expensive residential property listing in the US.

I wonder whose kids go to the better schools. So much for the land of opportunity.