Thursday, December 13, 2012

Greenspan's Body Count: 69667 Northhampton Avenue, Cathedral City

Cathedral City is near Palm Springs, an oasis in the desert east of California's Inland Empire, the #2 most depressing place in America.

And it was the last place three people saw yesterday. AP:
Three people were found shot to death in a Riverside County home and investigators suspect a double murder-suicide.
Cathedral City Police Lt. Charles Robinson says officers were called to the house in Cathedral City late Wednesday morning.

They discovered a woman and her adult daughter shot to death in a bed. In another bedroom, the body of the older woman's common-law husband was found with an apparent self-inflicted gunshot wound.
The home was purchased in March 2003 for $170,000, was Zillowed up to $399,000 in the bubble, and is now back to $175,000.

But lookie here.  The tax assessment jumped by $106,000 in 2007.  Because of California's Prop 13, you only get a jump like that if you make major improvements to the house.  It looks like these guys did a major remodel, likely funded with a home equity suckout.  That would have left them deeply underwater after the crash.

And it looks like this double-murder-suicide came down to a broke man angry over not getting enough of his dying wife's assets.
Investigators say the woman had been recently diagnosed with a terminal illness, and her common-law husband was upset over her plans to divide her assets after her death.

The daughter was visiting from Florida to help put her mother's affairs in order.
Killing over the assets of the dying, murdering for the last scraps in a desperate America.  That's what the  Greenspan-Bernanke Fed have brought us to.

Greenspan's Body Count stands at 233.