So much for the subprime problem being ‘contained’. Marco sent in these links to coverage of the ongoing fallout from the US housing market problem:
–Coventree’s problems continue: can’t find buyers for debt.
-Vancouver based mine developer Redcorp Ventures caught up in credit mess.
-The credit crunch is global.
-But hope looms in talk of a Canadian bailout.
-Meanwhile down south: US housing slump starts in July
How much longer will our real estate market exist in a vacuum?