SF Chronicle: Bay Area home foreclosures triple in September. The most dramatic spike was in the number of bank-owned properties, which rose more than tenfold to 1,017 in the nine counties, compared with 95 at the same time last year.
The Chronicle, as much as any local media outlet, was a prime cheerleader as the bubble inflated. Now it’s time for tales of woe that should have been easily anticipated — and explained — years ago. Very poor journalism in this case.