Relevant:
- A Tale of Two California Markets -- Culver City and California City. Culver City prices back near peak levels with flippers out in full force. California City seeing prices back to levels last seen in the 1990s.
- Poll Respondents Feel Americans Who Cannot Afford Homes Should Get Out
- Rich Default on Luxury Homes Like Subprime Victims
- Gold Rush II: It's sell, sell, sell as prices hit record high, but this time it's because America's broke!
- Bucking the mortgage modification trends
2008-02-13 — bloomberg.com
'When Mary Kamanu paid $409,000 for a house in Folsom, California, she never imagined that three years later it would be worth about 20 percent less and she would have to pay the bank more than $80,000 just to sell the place'
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