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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Peter V who wrote (141679)8/18/2008 6:09:21 PM
From: MulhollandDriveRead Replies (1) of 306849
 
good post...

You know, before the mania began, the govt. got by with taxes paid on pre-boom valuations. Now that 61 percent of householders in Los Angeles have been in their homes five years or less, the state has had a huge tax revenue increase.

i had no idea the number of householders in LA under 5 years was so high.....where did you find that ?

if that's true, i just do not see how we don't see the foreclosures escalating quickly
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