Tracking California foreclosures: two scary pictures

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This is the graph of foreclosures in Southern California that appeared in today’s L.A. Times. Not pretty. But remember: The foreclosure problem is much worse in the Central Valley. Keep scrolling down to see the graph of foreclosures in the entire state.

Now that’s ugly. This is courtesy of OCRenter at Bubble Markets Inventory Tracking, who took an old L.A. Times graphic for the entire state and updated it.

The important take-away here, for me anyway, is that this graph clearly establishes that the current downturn isn’t anything like the last one. It is much, much worse.

Your thoughts? Comments? E-mail story tips to peter.viles@latimes.com.
Graphics: Los Angeles Times and Bubble Markets Inventory Tracking