Archive for the 'california-equity-giants' Category

Manhattan Beach 800 square foot home sells for $870,000 in 2007 and now chases market down. Refinancing proposal will not save housing because shadow inventory and bank accounting chicanery is true problem in our economy.


Where the income is lacking – Calabasas median home price falls from $1.39 million to $877,000 in one year. A city where nearly 80 percent own yet incomes are unable to support bubble prices.


Real Homes of Genius – Prime Bel-Air zip code lists only 1 foreclosure while shadow inventory has 56 properties, twice the entire MLS data. Chasing the market down from $1.5 million to $870,000.


Southern California would be the second most populated state in America and half of all home sales in July were distressed properties. Worst July in four years and every county is down year-over-year in price.


Real Homes of Genius – The bubble city of Santa Monica. When shadow inventory dominates prime cities and foreclosures still sell for $739,000 and are listed with 935 square feet.


The internalization of toxic loans and the growing cracks in the shadow banking economy – Half of 7 million California home owners are baby boomers. Who will they sell to in the future?


Till debt do us part – financial collapse foreshadows second collapse in housing. Million dollar troubles in Beverly Hills. 2 million tax filers disappear in latest tax data.


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