Let's hope that at least one member of the new cast of 90210 has to deal with the very real issue of value loss and foreclosure. Seriously, anorexia and prescription pill addiction are so 1990. CNNMoney reports that rich neighborhoods across the country, including Beverly Hills are seeing an increase in the number of foreclosures.
"In Beverly Hills, [foreclosure] filings nearly doubled to 41 in the first four months of this year, up from 22 in the same period last year, according to RealtyTrac, which compiles foreclosure stats. In Palm Beach, there were 34 foreclosure filings, up from 9 in the period a year ago. Greenwich had 23, up from 10, while Wayzata had 18, compared with 14 a year ago. Kenilworth, Gladwyne and Medina had just one each, while Lincoln had none." The story also cites the case of poor Ed McMahon whose home in Beverly Hills is under threat of foreclosure. However, LAist editor Zach Behrens informed us that McMahon's home is actually on the Valley side of the mountain, in Studio City.
· Housing crunch, 90210 [CNNMoney]