From the International Herald Tribune:
...Not that little Napa County (population 134,000), which has some of California's highest home values, is ready for bankruptcy. For now, the wine towns of Calistoga, Yountville, St. Helena and Rutherford, where starter homes start at over $1 million (€660,000), remain relatively unscathed; the worry in those towns is that the broader economic downturn will depress tourism.
But the city of Napa, which is both the county seat and the largest population center with 75,0000 residents, and its lesser-known neighbor, American Canyon, are where Napa's working people live, and they are bearing the brunt of the housing crash, not to mention its collateral damage....
Or not.
