Archive for May, 2010

Financial sleight of hand. The incurable onset of mortgage delinquency. Cure rate for mortgages at all time low. Government share of all income grows to record levels.


FHA insured loans filling mortgage void left from toxic mortgage lenders. Serious delinquent loans at 9 percent while FHA insured loans pass Fannie Mae and Freddie Mac in Q1. FHA a loan for non-savers.


5 reasons why California will face another lost decade in housing – 493,000 real estate agents and brokers for 219,000 homes listed on the MLS. 7 percent of 90+ day late loans in California have no foreclosure filed. State budget depended on real estate bubble jobs for revenues.


Real Homes of Genius – 1 out of 7 homeowners not paying mortgage or in foreclosure. Examples in Pasadena. 672 square feet apartment for $385,000. 676 square feet home became equity machine.


Futures market predicting housing bottom for Los Angeles and San Diego in May of 2012. LA to drop 12.8 percent and San Diego to drop 26.8 percent. San Francisco future predict increase in prices?


California budget and housing are interlinked – California home sales spike but prices remain near the trough. Why California housing values cannot increase without income and employment growth.


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