by John F. Wasik
Places in California, including Stockton, are pocked with abandoned homes, like this one in 2008.
Justin Sullivan/Getty Images
January 12, 2011 The South and West may become the Rust Belts of the 21st century, according to a new study from the Mortgage Bankers Association. It says the economies in these regions — in places like California and Florida — may never fully recover from the burst of the housing bubble.
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