http://tinyurl.com/56zdpb In the Central Valley, the Ruins of the Housing Bust In Merced, Calif., frames of houses in the Riverstone development have bleached in the sun for more than a year. Three-fourths of existing-home sales in
Merced County are foreclosures. By DAVID STREITFELD Published: August 23, 2008 ... But hardly anyone in Merced planned very far ahead. Not the city...