Relevant:
- California Property Tax Values Shrink 1.8% in `Historic' Slump, Deflation
- Our American Homes. They All Fall Down -- Much Further.
- Deep Depreciation-American Homes: They All Fall Down -- Much Further.
- Ponzi Financing in Poway California Based on Massively Rising Property Values
- Property Values Set to Fall 43% From Current Depressed Level
2009-08-26 — latimes.com
" Tax officials reported Tuesday that total statewide property values fell by 2.4% in the latest fiscal year, the first such drop since California began keeping records 76 years ago in the depths of the Great Depression."
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