Archive for the 'Keeping up with the Joneses' Category

The rich foreclose in spectacular fashion – Pasadena million dollar home has owners unable to pay the mortgage yet keep getting mortgages. The biggest Southern California foreclosure loss in Bel-Air.


Real Homes of Genius – Seal Beach home from a price listing of $2,900,000 to selling for $900,000. Chasing the housing market down.


13 of the most overpriced Los Angeles County zip codes. Housing correction shaving off $300,000 in one year for some elite zip codes. From Encino to Culver City.


American housing too expensive and the multi-income trap will not save the housing market. Banks have laundered their bad bets through the Federal Reserve and GSEs while working and middle class income has eroded.


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