The Triple California Housing Threat: Low, Mid, and Upper Range Housing Distress Ladder. How the Housing Implosion will Spread to Higher Priced Neighborhoods. | WHAT REALLY HAPPENED

The Triple California Housing Threat: Low, Mid, and Upper Range Housing Distress Ladder. How the Housing Implosion will Spread to Higher Priced Neighborhoods.

The housing market in California is splintering into various broken segments. In one area, you have lower priced beaten down homes flying off the market like pancakes. Yet in these areas, you have to wonder what will happen once the major discounts and inventory run out? Next, you have mid-priced areas that are selling in low numbers but at relatively stable prices. This is the next market to tank because of the large amount of Alt-A and Pay Option ARMs hovering in those markets.

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The upper levels of the economy rest on the lower levels. The lower levels have been destroyed by tax policy that shifted jobs out of the US. The upper levels of the economy are starting to collapse. And without a strong foundation, there is nothing to prevent the spire from falling all the way down into the basement.

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