Values have fallen even along the coastal submarkets that were once seen as mostly immune from the collapse in home prices elsewhere. Now, while signs of a recovery mount in some of the most distressed inland markets, declining values along the coast are just beginning to lead to short sales and foreclosures in mid-to-upper end housing markets.
Friday, June 19, 2009
California's coastal immunozones no longer immune
From The Wall Street Journal:
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This comment has been removed by a blog administrator.
ReplyDeleteA bad omen for other immunozones elsewhere in the nation..
ReplyDelete"The question now is, will he be here to honor the statement in May 2010, or will he like so many others simply go *poof* never to be heard from again."
ReplyDeleteWhat happens in May 2010? The end of the world? Certainly not the bottom for 'immunozones'.
I wanna know if he will be here in 2014 when potomac finally hits bottom....afterall it just started seeing price drops about 2 months ago.
This comment has been removed by a blog administrator.
ReplyDeleteAnonymous 9:00, your comments have been deleted. If you want to hold others accountable for their previous statements, then at least have the courage to choose a consistent username for yourself so you can be held accountable as well.
ReplyDeleteWhere's the anonymous jackass when you need him regarding DC being immune?
ReplyDeleteNoz said...
ReplyDelete"Where's the anonymous jackass when you need him regarding DC being immune?"
The "anonymous jackass" had his comments deleted.