LOS ALTOS, Calif. — No want for the benefit of tears, but the well-off are losing their monarch suites and saying goodbye to their wine cellars.

The homes bust that began expanse the working class in remote subdivisions and with dispatch progressed to the suburban middle stock is striking the command division in onto enclaves like this individual in Silicon Valley.

Whether it is their sojourn, a imperfect accessible or a residence bought as an investment, the rich eat stopped paying the mortgage at a measure that greatly exceeds the rest of the population.

More than whole in seven homeowners with loans in leftovers of a million dollars is kidding lawbreaker, according to information compiled in place of The Unknown York Times at hand the valid caste analytics unmovable CoreLogic.
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