The Growing Foreclosure Crisis - washingtonpost.com: "The foreclosure crisis has become a wave, afflicting neighborhoods of every stripe -- but particularly communities created by the boom itself."
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This is a long and very detailed article that should chill the blood of anybody living in one of the new CIDs around the nation. It isn't a subprime crisis anymore. The new housing stock, full of CIDs, is next in line.

This housing market collapse is like one of those 1950s horror movies where as soon as you forget about him, the giant gila monster just sort of pops out of the mesquite and knocks a gas truck off the road. Then he crawls off, and you go back to watching the kids at the sock hop in the old barn. But guess where the giant gila monster just happens to be crawling?