This map from the LA Times based on data from Zillow shows areas with negative equity.
What stands out for me is areas that are heavily ethnic Chinese are keeping their prices compared to surrounding areas.
Temple City -9%
Arcadia - 6%
San Marino - 4%
San Gabriel - 11%
Rowalnd Heights - 16%
Walnut - 13%
Diamond Bar - 21% - half of Diamond Bar has a great school district, and the other half is Pomona.
Monterey Park - 14%
Hacienda Heights - 21%
Will this fuel anti-Chinese resentment? Ouch
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