Relevant:
- Los Angeles County has 2,205 Homes that are valued at $1 Million or More in Shadow Inventory. MLS Only Lists 32 Foreclosures with a Price Tag of $1 Million or Higher.
- Living on food stamps in middle-class suburbia
- U.S. Home Vacancies Rise to 18.8 Million on Defaults
- Bank-Owned Backlog Still Building
- Million-dollar foreclosures rise as rich walk away
2010-08-29 — latimes.com
"The number of homes in the $1-million-and-up slice of the market that have become bank owned has tripled during the last three years in Los Angeles County, and the trend has shown little sign of slowing."
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