Oh I wish I could divide it, and sell to a builder...you bet, it would sell for ALOT, but the zoning dis-allows it =/Yes, I agree we havent hit the end of the downward spiral in CA, and esp in this area, it is all over the place.

Those are violent areas that have been in downward spirals for years, esp Flint.

If there's anything down there (water, electricity, sewer, sprinklers, etc.) then the situation may be more complex than it initially seems and the work may spiral out of control.

And we've had this spiral of more and more convoluted vehicles for years now, to the point where the true amount of value is only a small fraction of current book values.

This is how you can create an upward spiral of neighborhood revitalization.

All those in the real estate business, mom and pop or private or public companies will need to adopt GAAP accounting for taxes purposes, no more shoe box receipts and check book and spiral notebook notes. :)    

Every week i visit this website that display the housing trend and it keeps sinking to new lows in my market (Los angeles) [LINK REMOVED BY ADMIN] It looks like there's no end to this downward spiral.

Will the market continue to spiral down?

seems even to a noob like me that -$4500 a month is NOT a good situation to be in and the longer you hold the bigger your downward spiral and the harder it is going to be for you to undo the credit damage and trust me, thrashed credit is no fun.you dont wanna end up like Casey Serin [link removed]

Thus it spiraled down.To answer your question, yes, I attribute much of the bubble to lending standards, permitting very high leverage is what accelerated the crash.Of course there are a million ways to look at it, and politics, etc...