Another souvenir from my holiday visit to the U.S.
This is on Lake Shore Boulevard on Cleveland’s east side, a short stroll from the shores of Lake Erie.
Ohio was one of the states hardest hit in the subprime loan meltdown these past few years. According to a NY Times story,
Last year, there were 1.2 million foreclosure filings in the United States, up 42 percent from 2005, according to RealtyTrac, a firm that analyzes such data. At current rates so far this year, RealtyTrac expects foreclosure filings to hit two million in 2007, or roughly one per 62 American households — a rate approaching heights not seen since the Great Depression.