Floral Park “Home of the Week”: A Tale of Two Santa Anas

One of Santa Ana’s own Floral Park residencies has netted “Home of the Week” honors by this Sunday’s edition of the Los Angeles Times. The property, listed at 1.65 million dollars, is owned by orthodontist George Georgieff. As the article notes, the “Spanish Colonial Revival” home has had its political moments serving as a fund raising elbow-rubbing destination for elected officials the likes of, among others, Congresswoman Loretta Sanchez and State Senator Lou Correa. The rest of the article goes on to detail the crib’s “elegant digs” – if you will – before noting its beneficial tax relief status under the Mills Act agreement.

Now, if you’re like me, you’ve probably never have been inside a Floral Park home. (We must not have gotten those invitations to Sanchez/Correa fundraisers!) If anything, the “Home of the Week” profile gives people like us  some photographic sense of what one of these properties looks like after you walk in the front door. Nice wood floors (is that laminate? just kidding) exquisite  chandeliers and spiral staircases are what I missed out on the one time I was driven through the neighborhood – and no, it wasn’t on one of those silly tours that leave the historical segregationist context out! One place that was pointed out to me by my “guide,” however, was the shrubbery shrouded residency of current Santa Ana mayor por vida Miguel Pulido. Now it’s been said that he has cut his ties with the ‘usual suspects’ – some of which are undoubtedly his neighbors. That’s all fine and dandy…

…But in the meantime, let me give you a statistical tour of the “other” Santa Ana. Unlike the “majesty” of Floral Park, the rest of the city’s residents seeking to own a more modest home are dealing with the bitter reality of foreclosures. There’s no “Home of the Week” celebratory profiles here. Only harsh economic realities and real estate investors frothing at the mouth. An interactive map of the nation recently illustrated by that radical Marxist publication “The Wall Street Journal” shows Santa Ana to be among the highest in housing stress indicators. To be fair, it’s lumped in with Los Angeles and Long Beach for statistical grouping purposes, but that does little to change the reality that together the Southern California areas score a 109.3 – just a few points shy of the highest housing risk level. Another trend watching website Realtytrac.com shows Santa Ana to have high foreclosure actions as well as recently as August 2010 – some zip codes worse than others.

For as many flaws as can be pointed out with the WSJ model or anything else, an examination of local real estate investment chatter is also revealing. A post on a real estate blog last month begins with the sentence, “You don’t have to be a genius to see that Santa Ana foreclosures often represent some of the best deals in real estate,” before going on to point readers to a website with a custom header that describes such ventures as “making investors wealthy!” Why “for the first time in years you can buy a nice house and rent it for more than your mortgage payment. Some rent for twice the mortgage payment. Talk about positive cash flow!”

The poverty pimps are coming (again) as residents are being foreclosed out of their homes. What do Pulido and company intend to do? There is a serious multifaceted crisis in the city in which foreclosures form a part and yet, the blogosphere chatter and banal candidate platforms fiddle while it all burns! There are the “usual suspects” and then there is “business as usual.” Neither interest me. A people’s movement in Detroit held all mayoral candidates to account in terms of their foreclosure crisis last year and have continued to pressure current Mayor Dave Bing to request emergency help. What’s being requested – or better yet demanded – in Santa Ana?

About Gabriel San Roman