I don't think it could yet be classed as a crisis. We are having some problems though. Slow down is at different rates in different parts of the country, but where I am people are taking much longer to sell their houses and if you have an apartment for saler you've a snowball's chance in hell of selling in some parts of town.
The people above were probably not part of the sub-prime problems. For them it was just the economic winds that took the main breadwinner out of work.
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