Archive for the 'Keeping up with the Joneses' Category

Shadow inventory grows in Southern California – Huntington Beach foreclosure with $1.4 million in loans and no payments made in a year. Auction scheduled for end of March in a mid-tier Southern California beach city.


The financial allure of renting – How the real estate industry silences the voice of one third of Americans. Homeownership back to 1998 levels because owning a home requires income and affordability. $650 billion in real estate wealth evaporated in the last quarter of housing data.


Foreclosure millionaire style – 5 Beverly Hills foreclosures listed on MLS but 149 homes in foreclosure process – 107 of those foreclosures have loan balances above $1 million. One in seven homeowners with loans over $1 million are seriously delinquent.


Financially dreaming in California – 50 percent of California households with a mortgage cannot afford the home they are living in. The lingering effects of Alt-A mortgages and negative equity.


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