Archive for the 'flipping' Category

California home equity hangover – $649 billion in HELOC loans nationwide with most in California. June 2005 92,000 HELOCs in California compared to only 22 in March of 2010. The evaporation of an industry and three examples of refinancing gone wrong in Culver City and Pasadena.


Back to the California housing future -Low priced housing areas in California in for a real estate double dip? New buyers and investors jumped in too soon. Massive sales and speculation in lowest priced zip codes.


The great American mortgage casino – How the Goldman case is about the broken down system that allowed massive gambling in America’s housing market for the last decade. Average sales price down because distress sales still account for 30 percent of home sales nationwide.


Brazilian Style Living in Southern California – MLS Inventory Creeping up, Section 8 Vouchers for Granite Countertops, and California Budget Going Mayan in 2012.


Five Financial Trends Keeping California Home Prices Depressed – Rising MLS Inventory, Falling Rents, Lack of Good Paying Jobs, FHA Defaults Rising, and No Mortgage Payment.


The Second Correction – 6 SoCal Homes from 6 SoCal Counties Showing the Continued California Housing Correction.


Financing the Cassandra Effect – People Choose to Ignore Economic Facts Contrary to Their Benefit. MLS in Southern California Going Up? Distress Inventory 3 Times the MLS Data. Big Salaries of Mortgage Brokers Gone.


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© 2012 Dr. Housing Bubble