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90210 is the 5th-richest zip code in California, from IRS income data:
http://patrick.net/housing/cities.php?state=CA&ob=avg_income
Could we finally be getting closer to reality pricing?
Yes... one should also consider how HARDCORE people are in SoCal over Real Estate.. i mean many people in Socal really do have Real Estate=Wealth on the Brain...
The first pre-2000 sale price has just occurred in one of the most prestigous zip codes in the country. In addition, this was a standard sale and NOT a foreclosure. Could we finally be getting closer to reality pricing?
http://www.westsideremeltdown.blogspot.com
#housing