I found it interesting that rich homeowners are more likely to default on their mortgages.
As the article suggests, maybe it's just that they are more likely to cut their losses and invest elsewhere.
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Lebron James to the Miami Heat. Maybe because there are no state income taxes. Plus, he wants out of the cold. Oh, and I hear Miami is a party town.
Thursday, July 08, 2010
The Rich Default More
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