West Side door to global crisis

`` It's a dangerous area with plenty of drug activity, but the crime rate didn't stop real estate mania from reaching this troubled neighborhood. Four years ago, 1034 N. Central Park sold for $205,000, far above its current market value of $165,000. The buyer, a 22-year-old single man named Lamont Fletcher, applied for a $194,750 mortgage from Option One Mortgage Corp., a subprime-mortgage lender. He got the loan.''