{"id":193769,"date":"2008-11-18T21:01:00","date_gmt":"2008-11-19T02:01:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/11\/18\/foreclosures-in-so-cal-break-50\/"},"modified":"2008-11-18T21:01:00","modified_gmt":"2008-11-19T02:01:00","slug":"foreclosures-in-so-cal-break-50","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/11\/18\/foreclosures-in-so-cal-break-50\/","title":{"rendered":"Foreclosures in So Cal Break 50%"},"content":{"rendered":"<p>In addition, <a href=\"http:\/\/www.latimes.com\/business\/la-fi-homes19-2008nov19,0,5649769.story\">home prices are down 41% over the past 18 months<\/a>.<\/p>\n<p>Average house prices are down to $300,000, a level not seen since 2003, and I would note, as Rich Toscano does, that in a down market, expensive houses shift the average upwards, so the number to look at would be $\/square foot, which is probably down even further.<\/p>\n<p>Even if the square foot price is not down, this is Argentina meltdown lower.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In addition, home prices are down 41% over the past 18 months. Average house prices are down to $300,000, a level not seen since 2003, and I would note, as Rich Toscano does, that in a down market, expensive houses shift the average upwards, so the number to look at would be $\/square foot, which &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[973,1088,1164],"tags":[],"class_list":["post-193769","post","type-post","status-publish","format-standard","hentry","category-economy","category-real-estate","category-teotwawki"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/193769"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=193769"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/193769\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=193769"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=193769"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=193769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}