Comments on: One neighborhood – worlds apart

By: chiropractors

chiropractors — Sat, 29 Nov 2008 11:10:15 +0000

If the county can stabilize certain blocks in troubled neighborhoods,
it could be a first step toward enticing middle-class homebuyers to
consider those communities.

By: longest driver

longest driver — Thu, 31 Jul 2008 14:10:29 +0000

The spatial division of cities into districts or neighbourhoods is one
of the few universals of urban life from the earliest cities to the
present.

By: Sean

Sean — Tue, 20 May 2008 01:05:29 +0000

Yes, foreclosures have been highly concentrated in new developments that were primarily sold 2005 to 2007. For the simple reason that simply everyone is upside down. While not the cause, there is no doubt in my mind that builder discounting got the wave of foreclosures rolling here. Many folks that had just bought soon after saw the same house for $50-100k less, and often with a free pool or other giveaways. If they used 100% financing and already had poor credit (subprim), there was little reason not to walk away.

By: Anonymous

Anonymous — Sun, 18 May 2008 20:18:18 +0000

The satellite imagery at maps.google.com shows newly-graded, empty lots in the Morada area west of 99.

Man -- the whole neighborhood went into foreclosure before google even had a chance to update its satellite data.

By: Sean

Sean — Tue, 06 May 2008 08:27:00 +0000

Thanks Pete! Folks, be sure to check out Pete's L.A. Land Blog here, or in our blogroll on the right. Definitely an interesting and trusted source on the foreclosure crisis.

Sean

By: peteviles

peteviles — Mon, 05 May 2008 21:27:18 +0000

Sean -- Terrific post, makes a good point and reminds us why local knowledg, as they say in golf, is necessary to evaluate real estate markets. Welcome to the blogosphere. I've enjoyed your reports and analysis and look forward to reading and linking to your blog.

Pete Viles

LA Land blogger, LATimes.com