housing bubble

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    I took this photo while just north of Los Angeles in the city of Santa Maria. It's been one of the harder-hit areas of California, despite being fairly close to pricey and always fashionable Santa Barbara. Perhaps too much building/supply and simply not enough demand was the problem here. This particular photo was taken right off the 101 freeway, and actually only captured a handful of the many, many real estate signs planted on the patch of growth by the on-ramp. I was immediately drawn to the scene, as I felt it summed up the housing bubble perfectly, which in my opinion, has been all about excess - photo courtesy The Truth About Mortgage

    rotten27, oahnve, NH Bisel, and 9 other people added this photo to their favorites.

    1. TBoard 62 months ago | reply

      Signs of the times.

    2. My View 2u 62 months ago | reply

      I live close to here, though it is the next county and we have sign laws that they are now enforcing for signs on the freeways and size limitations, Santa Maria is very hard hit by the foreclosure market. Even though Santa Maria, where this photo says it is taken, is the county seat of Santa Barbara County and Santa Barbara is one of the most expensive areas in the state. Which says how the foreclosure market really localized.

    3. roddesu 61 months ago | reply

      Thank you for sharing this photo. I've used it at www.thechicago77.com/2009/04/why-have-property-values-dro... I've linked to your profile here at Flickr. Let me know if there is somewhere else you'd like the link to go.

      Thanks again!

    4. cjamesw1 55 months ago | reply

      Thanks for sharing this great photo! I've used it and linked back to you at www.befrugal.com/blog/frugal-articles/take-advantage-of-t....

      - Chris

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