The question, for MapleHeights and America, is how much damage is done in the meantime.
ECONOMIST: America's property crisis
2.
One, typified by MapleHeights, is the Midwest states such as Ohio and Michigan, where the subprime bust is battering an industrial economy already in long-term decline.
ECONOMIST: America's property crisis
3.
Michael Ciaravino, the mayor of MapleHeights, points out that only three houses have sold in the past two months, compared to a monthly total of between 15 and 50 a few years ago.