The Zillow ‘flood map’: Where L.A. homeowners are under water

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I love this new ‘negative equity’ map from Zillow -- instead of a ‘heat map,’ you can call this a ‘flood map’ -- the dark red areas are where the most homeowners are under water, according to Zillow’s updated analysis of L.A. home values in the first quater.

Key, if you can’t read it:

--Darkest red indicates areas where more than 71% of those who bought between 2005 and 2008 are now under water -- that is, they owe more than their home is currently worth.
--Next-darkest red: 62% to 71% under water
--White: Less than 32% are under water

More to come on the Zillow report, which came out earlier this week.
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