`` California with a $26.3 billion deficit and pumping out IOUs, yet some people still think that their region is locked in a tiny silo that protects their pseudo housing wealth. Some people are still in the mania phase of the bubble, (as hard as that it to believe)... let us keep our focus on Palms. With 95 distressed properties, you would assume that many would show up in the MLS right? Nope. Only 3 of these properties are listed as foreclosure or short sales even though 43 of the 95 distressed properties are bank owned or geared up for auction.''

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