In a very unscientific review, it also seems like that general trend of greater losses further out is strongest where the central city is densest. Places like DC Chicago and Boston seemed to exhibit the trend more exactly than places like Atlanta or San Diego.
Wouldn't an analysis of home age in these cities be an even better correlation? It seems like that's the biggest factor. The newer the home the more likely it was part of both the housing bubble and credit bubbles.
Commenting by HaloScan
