It took a while, but my doom and gloom prediction came true. After peaking a couple years ago, home prices here have fallen faster than John Daly's bank account after a Vegas weekend. And don't expect home prices to stop falling until they reach levels last seen in 2002, in real terms. Adding insult to injury, wildfires last week have destroyed around 1,000 homes in southern California. It probably would have been worse if it weren't for those things that haunt all golfers: water hazards.
As long as they contain more water than golf balls, golf course water hazards are perfect refilling stations for firefighting helicopters! Check out these photos from grouchy reader David:
David has more photos here.
