Profiteers of Housing Crisis: Opportunistic Homedebtors and CEOs
Chuck Ponzi May 13th, 2008
This is a travesty.
No mortgage bailout! None at all! Not to striving homeowners, not to the insanely-paid CEOs. Risk has penalties too.
Here’s our typical homeowners:
Here’s the problem with CEOs:
Pretty darn exciting– isn’t it? No, not really, not at all. In 2007 Brentwood had six residential property foreclosures. Santa Monica 90402 had zero foreclosures. Santa Monica 90403 had three, 90404 had five, 90405 had eight and 90401 had one.
In other Westside neighborhoods such as Playa Del Rey, there were four foreclosures in 2007. In Marina Del Rey there were seven and in Venice there were three. The neighborhoods of Westwood and Mar Vista/Palms were a little less fortunate. Westwood had fourteen foreclosures and Mar Vista had seventeen. Beverly Hills has remained strong with only four foreclosures.
Read more at my Santa Monica Real Estate Web-site:
Santa Monica Real Estate