That’s the number of notices of default or loans going bad in Deschutes County for the first quarter of the year. The number is a record for Deschutes County and represents a stunning 32 percent increase from the last quarter of 2009 when home buying incentives, including (artificially) record low interest and tax rebates – thanks, Barack – helped to fuel an illusory recovery. The truth is: There’s a bottom down, we just haven’t hit it yet.

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