Nowhere is safe....
NAPA, Calif. - For many residents of this, one of the most storied valleys in the world, life is still a bowl of grapes. But beyond the picturesque vineyards and stonewalled estates, times are shaky, the future unclear.
Tourists sipping their way up the 30-mile valley from the city of Napa to Calistoga may never see this other Napa Valley. But this celebrated wine country is proof that there are few places in the nation left unsmacked by the housing crisis. Beautiful Napa is experiencing foreclosures, plunging housing prices, unheard of drops in home sales and the nervous sense of foreboding that has spread across the country like a flu.
Do you have more info and / or links about this? I'm curious because I live in Napa. What I've seen is the same kind of slowdown as in other parts of the bay area / northern california, but my impression was that foreclosures weren't as bad in Napa as, say, Solano County for instance. But I could be wrong. Is there a web site that shows how Napa compares to other places?
ReplyDeleteThanks!