California is #1!

[no_such_reality]

In million dollar home foreclosures.

“California, with 3,384 foreclosures of higher-scale homes since December, is leading the nation”

Mortgage Crisis Hits Million Dollar Homes

Gotta love finding these jewels through other blogs.

[kewp]

I guess this lends support that people across the income range have been ‘buying up’ over what they could afford.

Plus, I would assume the fraudsters would be buying up lots of million-dollar flips. After all, if you are not planning on paying off a mortgage, might as well get a huge one!

[Steve Beebo]

It’s not too surprising that California is #1, since about half of all million dollar homes in the country are located in this state.

[Anonymous]

Yeah, this is kind of like finding out that 98% of all Martians live on Mars.

[(former)FormerSanDiegan]

In other news …

More people in California die each year than any other state.

[kewp]

Ooops, guess a case of lies, damn lies and statistics.

[Author]

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