Who can afford a median priced home in Southern California these days? Well-off people, of course. In his OC Register blog on real estate, Jonathan Lansner notes that between 1999 and 2005, Orange County added 71,000 households with incomes of $100,000 or more - a 32 percent increase. Households making less than six figures fell by 36,000, or five percent. Separately, Lansner mentions that Citigroup analyst P.J. Juvekar is telling clients that paint-related companies are likely to take a hit because of softness in the real estate market.
More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAXSocal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
Recent stories:
Siri versus Hawaiian pidgin (video)Letter from Down Under: Welcome to the Homogenocene
One last Florida photo
Signs of Saturday: No refund
'I Am Woman,' hear them roar
New at LA Observed
On the Politics Page
Go to Politics
Sign up for daily email from LA Observed