Thanks to the anonymous Burbed reader who sent this in.
Uh… so… yeah it turns out that there may be some negative equity here in the Bay Area after all. But this is just a snap shot in time. And it’s probably skewed by places like Gilroy. Come winter bounce, this will all be gone! You just wait.
In fact, they’ll need to come up with a new chart to show how awesome house prices are in the Bay Area!