Most of all the homes being sold are REO (Bank Owned) properties. The families that bought the homes a few years ago, couldn't afford the payments after the "newlywed phase" of their loan was up. That has to do more with the Mortgage Loan Brokers than Real Estate Agents.Another misleading statistical enomoly in Salton City is that most of the homes sold here recently have been construction loan foreclosures.
The homes were 100% brand new but the builders defaulted on their construction loans and then the homes were bought by some families but mainly by investors.
Stick to your electricity, or slamming your Board of Directors. That at least you're an expert in ;P.