Filing chapter 7 San Diego ground zero for business failures

The areas that had the largest increases in real estate prices in the first half of the decade are also the areas that have had the largest filings for chapter 7 bankruptcies. We all should have seen this coming… but success can be very intoxicating in thinking that investment in real estate is easy. Toping  the charts is chapter 7 bankruptcy San Diego California. Other states that have high bankruptcy filings are Nevada and Florida. San Diego is a great place to live but bubbles can only last so long. When they break the most painful bubbles are the biggest ones. That means San Diego is group zero for chapter 7 bankruptcy.