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"Usually [the banks] leave the damage and just drop the price," Krotic said.

I don’t think for one moment my position on this is going to go over well, but I’m still going to stir the pot a bit this morning with my opinion.

Home prices out here in CA are still very high. It’s not as bad as they used to be but still quite unaffordable to any first time buyer. The general sentiment among the younger population is quite pessimistic when it comes to owning their own home. A college bound student has little hope of buying a home and High school dropouts or simple GED holders are in an even worse situation.

Now, I’m not saying this behavior is justified, but I am saying it may be in part due to the frustration of being priced out of the market manifesting it’s self in the form of vandalism. Frustrated and angry youth with nothing to lose and nothing to gain will do a lot of damage.

Ironically, vandalism like this actually drives down the value of the homes and makes them more affordable. It’s a bit of a stretch but in a way this is the market correcting an overprice condition – albeit in an unpopular and unlawful way.

I agree with everything you said, and would add that this drifts into a related and relevant subject : the artificial extreme rise in the price of homes as a result of "get rich quick" and 'flip houses' scams treating homes as commodities to be gambled with, rather than a life necessity.

But that's a whole other subject.
Unfortunately, as a result, ALL homes in California are overpriced (even in the depressed market) by at least 50%