Monday, March 19, 2012

Stockton: The town the housing boom broke

By Michelle Conlin and Jim ChristieNEW YORK/STOCKTON, California (Reuters) - For decades, Stockton, California suffered a civic inferiority complex. Los Angeles had celebrities and sunny beaches. San Francisco was awash in tech futurism and post-pubescent billionaires. Stockton was the polyester, buy-generic cousin, a dingy commercial hub for Central Valley farms that was just far enough from the San Francisco Bay area to be an irrelevance for the state's coastal elites.But then came the

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