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	<title>Dr. Housing Bubble Blog &#187; write-downs</title>
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	<description>How I Learned to Love Southern California and Forget the Housing Bubble</description>
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		<title>Rancho Palos Verdes and Palos Verdes Estates welcome the California housing crash – From $1.75 million to $1 million in an elite market.  MLS has 1 listed foreclosure yet 200 homes are in some stage of foreclosure in Rancho Palos Verdes.  A $4.7 million loan made on a $1.5 million home sale in 2003.</title>
		<link>http://www.doctorhousingbubble.com/rancho-palos-verdes-palos-verdes-estates-california-housing-crash-elite-market-mls-foreclosure-real-estate-housing/</link>
		<comments>http://www.doctorhousingbubble.com/rancho-palos-verdes-palos-verdes-estates-california-housing-crash-elite-market-mls-foreclosure-real-estate-housing/#comments</comments>
		<pubDate>Sun, 06 Mar 2011 17:50:52 +0000</pubDate>
		<dc:creator>drhousingbubble</dc:creator>
				<category><![CDATA[alt-a]]></category>
		<category><![CDATA[California Love]]></category>
		<category><![CDATA[california-equity-giants]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[foreclosures]]></category>
		<category><![CDATA[housing 2011]]></category>
		<category><![CDATA[housing valuation]]></category>
		<category><![CDATA[market analysis]]></category>
		<category><![CDATA[million dollar homes]]></category>
		<category><![CDATA[mortgages]]></category>
		<category><![CDATA[southern-california-housing]]></category>
		<category><![CDATA[write-downs]]></category>
		<category><![CDATA[bank owned]]></category>
		<category><![CDATA[banking]]></category>
		<category><![CDATA[california housing]]></category>
		<category><![CDATA[california real estate]]></category>
		<category><![CDATA[foreclosure]]></category>
		<category><![CDATA[housing]]></category>
		<category><![CDATA[real-estate]]></category>
		<category><![CDATA[reo]]></category>

		<guid isPermaLink="false">http://www.doctorhousingbubble.com/?p=4322</guid>
		<description><![CDATA[The correction in prime California cities continues.  There seems to be a unique trend in 2011 for California real estate.  First, there is a large amount of all cash buyers buying low priced properties as investments.  We are seeing this in places like the Inland Empire.  The next significant trend is the fact that banks [...]]]></description>
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		<slash:comments>65</slash:comments>
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		<title>Home equity loans in California still over $600 billion.  Pasadena and the mid-tier correction starting.  Short sale for 50 percent off and HELOC machine being sold at auction for 70 percent below the outstanding loan debt.</title>
		<link>http://www.doctorhousingbubble.com/home-equity-loans-in-california-over-600-billion-pasadena-short-sale-pasadena-real-estate-auction/</link>
		<comments>http://www.doctorhousingbubble.com/home-equity-loans-in-california-over-600-billion-pasadena-short-sale-pasadena-real-estate-auction/#comments</comments>
		<pubDate>Sun, 20 Feb 2011 17:50:05 +0000</pubDate>
		<dc:creator>drhousingbubble</dc:creator>
				<category><![CDATA[alt-a]]></category>
		<category><![CDATA[bailout]]></category>
		<category><![CDATA[California Love]]></category>
		<category><![CDATA[california-equity-giants]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[flipping]]></category>
		<category><![CDATA[foreclosures]]></category>
		<category><![CDATA[home equity]]></category>
		<category><![CDATA[housing 2011]]></category>
		<category><![CDATA[market analysis]]></category>
		<category><![CDATA[mortgages]]></category>
		<category><![CDATA[short sale report]]></category>
		<category><![CDATA[southern-california-housing]]></category>
		<category><![CDATA[write-downs]]></category>
		<category><![CDATA[foreclosure]]></category>
		<category><![CDATA[heloc]]></category>
		<category><![CDATA[home equity loans]]></category>
		<category><![CDATA[pasadena real estate]]></category>
		<category><![CDATA[refinance]]></category>
		<category><![CDATA[short sale]]></category>

		<guid isPermaLink="false">http://www.doctorhousingbubble.com/?p=4277</guid>
		<description><![CDATA[Pasadena is now starting to show cracks in it’s once thought of unbreakable real estate façade.  Many of the mid-tier cities are now seeing sizeable price declines in 2011.  What is interesting is that many major price cuts are going to come from home equity loan fiascos in California.  We’ll show an example today of [...]]]></description>
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		<slash:comments>58</slash:comments>
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		<title>Real Homes of Genius – Culver City foreclosures focus on lower priced homes.  Banks moving on lower priced homes in mid-tier markets.  175 homes distressed in Culver City yet only 3 show up on the MLS.</title>
		<link>http://www.doctorhousingbubble.com/culver-city-foreclosures-focus-on-lower-priced-homes-shadow-inventory/</link>
		<comments>http://www.doctorhousingbubble.com/culver-city-foreclosures-focus-on-lower-priced-homes-shadow-inventory/#comments</comments>
		<pubDate>Mon, 06 Sep 2010 07:05:53 +0000</pubDate>
		<dc:creator>drhousingbubble</dc:creator>
				<category><![CDATA[alt-a]]></category>
		<category><![CDATA[bailout]]></category>
		<category><![CDATA[banking]]></category>
		<category><![CDATA[California Love]]></category>
		<category><![CDATA[california-equity-giants]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[foreclosures]]></category>
		<category><![CDATA[housing-2010]]></category>
		<category><![CDATA[housing-data]]></category>
		<category><![CDATA[loan modifications]]></category>
		<category><![CDATA[market analysis]]></category>
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		<category><![CDATA[southern-california-housing]]></category>
		<category><![CDATA[write-downs]]></category>
		<category><![CDATA[california housing]]></category>
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		<category><![CDATA[foreclosure]]></category>
		<category><![CDATA[housing]]></category>
		<category><![CDATA[real-estate]]></category>
		<category><![CDATA[reo]]></category>
		<category><![CDATA[shadow inventory]]></category>

		<guid isPermaLink="false">http://www.doctorhousingbubble.com/?p=3671</guid>
		<description><![CDATA[The foreclosure solution, if we can even call it that, is based on banks foreclosing on lower priced homes and allowing higher priced delinquent borrowers to sit in their homes payment free.  The tragic aspect of this all is that agencies like the FHA, Fannie Mae, and Freddie Mac were specifically designed to help lower [...]]]></description>
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		<slash:comments>59</slash:comments>
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		<title>Housing never really improved – 10 charts showing the United States housing market is entering the second wave of problems.  1 out of 4 people with no mortgage payment in the last year are still not in the foreclosure process.</title>
		<link>http://www.doctorhousingbubble.com/housing-market-non-payments-foreclosures-10-financial-charts-united-states-housing-problems/</link>
		<comments>http://www.doctorhousingbubble.com/housing-market-non-payments-foreclosures-10-financial-charts-united-states-housing-problems/#comments</comments>
		<pubDate>Wed, 12 May 2010 05:10:30 +0000</pubDate>
		<dc:creator>drhousingbubble</dc:creator>
				<category><![CDATA[alt-a]]></category>
		<category><![CDATA[bailout]]></category>
		<category><![CDATA[banking]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[Fannie Mae]]></category>
		<category><![CDATA[foreclosures]]></category>
		<category><![CDATA[fraud]]></category>
		<category><![CDATA[Freddie Mac]]></category>
		<category><![CDATA[housing-2010]]></category>
		<category><![CDATA[housing-data]]></category>
		<category><![CDATA[market analysis]]></category>
		<category><![CDATA[mortgages]]></category>
		<category><![CDATA[wall street]]></category>
		<category><![CDATA[write-downs]]></category>

		<guid isPermaLink="false">http://www.doctorhousingbubble.com/?p=3272</guid>
		<description><![CDATA[To put it bluntly, the U.S. housing market today is in deep water.  Nothing exemplifies the transfer of risk to the public from the private investment banks more than the deep losses at Fannie Mae and Freddie Mac.  Fannie Mae announced a stunning first quarter loss of $13.1 billion while Freddie Mac lost $8 billion.  [...]]]></description>
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		<slash:comments>29</slash:comments>
		</item>
		<item>
		<title>The Second Correction – 6 SoCal Homes from 6 SoCal Counties Showing the Continued California Housing Correction.</title>
		<link>http://www.doctorhousingbubble.com/the-second-correction-%e2%80%93-6-socal-homes-from-6-socal-counties-showing-the-continued-california-housing-correction/</link>
		<comments>http://www.doctorhousingbubble.com/the-second-correction-%e2%80%93-6-socal-homes-from-6-socal-counties-showing-the-continued-california-housing-correction/#comments</comments>
		<pubDate>Thu, 18 Mar 2010 06:59:00 +0000</pubDate>
		<dc:creator>drhousingbubble</dc:creator>
				<category><![CDATA[banking]]></category>
		<category><![CDATA[California Love]]></category>
		<category><![CDATA[california-equity-giants]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[flipping]]></category>
		<category><![CDATA[foreclosures]]></category>
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		<category><![CDATA[market analysis]]></category>
		<category><![CDATA[mortgages]]></category>
		<category><![CDATA[southern-california-housing]]></category>
		<category><![CDATA[write-downs]]></category>
		<category><![CDATA[california housing]]></category>
		<category><![CDATA[default]]></category>
		<category><![CDATA[loans]]></category>
		<category><![CDATA[mls]]></category>
		<category><![CDATA[reos]]></category>
		<category><![CDATA[socal]]></category>

		<guid isPermaLink="false">http://www.doctorhousingbubble.com/?p=3137</guid>
		<description><![CDATA[The median southern California home price increased by $3,500 in February but there is more information in the details.  As we have stated many times before, you can have the median price go up for an entire region but see higher priced areas go down.  Case and point?  Los Angeles lost another $10,000 off the [...]]]></description>
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		<slash:comments>34</slash:comments>
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