Bushonomics: The Hangover 0
There is a growth sector of the economy:
Today, an alternate universe — the repo business — dominates. And business is very good.
As the U.S. foreclosure crisis grinds on, the detailed work of processing, repairing and selling thousands of homes repossessed by banks is real estate’s new gold. In the past year, repo-related business has rapidly grown to national scale, fueling job growth in Colorado, Texas, Ohio and elsewhere to service the meltdown in markets like Sacramento and the Central Valley along with Phoenix, Las Vegas and Florida.
I’m waiting for a new Court TruTV show: Operation Repo: McMansion.