Real Homes of Genius: Today we Salute you Santa Monica. Examining 5 Adjacent Homes for Peak Prices and Foreclosures.
Today we are going to have a special Real Homes of Genius where we are going to examine five adjacent homes on a tiny block in Santa Monica. For readers outside of Southern California Santa Monica is one of the few prime cities located in the large county of Los Angeles. 88 cities and 10,000,000 people and we probably have 1 million or so trying to squeeze themselves into these few tiny locations. Why is that? Prestige and the belief that you can make insane profits because you live in an area that is immune to bubble prices. This is the type of logic that ran rampant through the bubble days. In fact, in one report we stated that out of 270 zip codes only 8 have seen a year over year increase. Santa Monica had one of these zip codes. But this little block in Santa Monica […]
Original post by drhousingbubble
