Comments on: Your Neighbor is being foreclosed on but you don’t know it. 3 Identical Homes on the Same Street Telling us a Very Different Story Each. Real Homes of Genius – A $630,000 Foreclosure in Cerritos has a Neighboring Home Renting for $2,150. Or You Can Buy a Similar Home Today for $549,000. http://www.doctorhousingbubble.com/neighbor-is-being-foreclosed-on-but-you-don%e2%80%99t-know-it-3-identical-homes-on-the-same-street-telling-us-a-very-different-story-each-real-homes-of-genius-%e2%80%93-a-630000-foreclosure/ How I Learned to Love Southern California and Forget the Housing Bubble Thu, 09 Feb 2012 06:16:36 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Section 8 http://www.doctorhousingbubble.com/neighbor-is-being-foreclosed-on-but-you-don%e2%80%99t-know-it-3-identical-homes-on-the-same-street-telling-us-a-very-different-story-each-real-homes-of-genius-%e2%80%93-a-630000-foreclosure/#comment-62522 Section 8 Wed, 10 Nov 2010 14:02:53 +0000 http://www.doctorhousingbubble.com/?p=2985#comment-62522 There are so many variables to take into consideration, the areas that are seeing the income equals rents or a slight cash flow are threatened by more gov intervention called section 8! There is stil plenty of investor monies and with the low interest rates and shaky stock market this is where many are turning to make a dime. Its all about keeping the assets propped up, while the buck dwindles. stagnation? There are so many variables to take into consideration, the areas that are seeing the income equals rents or a slight cash flow are threatened by more gov intervention called section 8! There is stil plenty of investor monies and with the low interest rates and shaky stock market this is where many are turning to make a dime. Its all about keeping the assets propped up, while the buck dwindles. stagnation?

]]> By: Gary http://www.doctorhousingbubble.com/neighbor-is-being-foreclosed-on-but-you-don%e2%80%99t-know-it-3-identical-homes-on-the-same-street-telling-us-a-very-different-story-each-real-homes-of-genius-%e2%80%93-a-630000-foreclosure/#comment-58895 Gary Wed, 06 Oct 2010 06:50:30 +0000 http://www.doctorhousingbubble.com/?p=2985#comment-58895 Lots of intersting comments. We call it the housing "market" but it's really just people buying and selling individual things. The old idea of "comparables" goes out the window when a bubble sets in. Realestate people yell about comparables becuse they are using 1960 conventions in an inapropriate way. Objective value continues to be 2000 value plus inflation. Inflation has been very low for a long time since we hit the deflation trap door. so say 3%. You take the value the house sold for in 2000 or before and you compound 3% from there and you get objective value as if the bubble never happened. If you pay more than that you have overpaid and will loose the amout you overpaid. If we took away comoditization of mortgages housing bubbles wouldn't happen. It's that simple. Lots of intersting comments. We call it the housing “market” but it’s really just people buying and selling individual things. The old idea of “comparables” goes out the window when a bubble sets in. Realestate people yell about comparables becuse they are using 1960 conventions in an inapropriate way. Objective value continues to be 2000 value plus inflation. Inflation has been very low for a long time since we hit the deflation trap door. so say 3%. You take the value the house sold for in 2000 or before and you compound 3% from there and you get objective value as if the bubble never happened. If you pay more than that you have overpaid and will loose the amout you overpaid. If we took away comoditization of mortgages housing bubbles wouldn’t happen. It’s that simple.

]]> By: InvestorEstates http://www.doctorhousingbubble.com/neighbor-is-being-foreclosed-on-but-you-don%e2%80%99t-know-it-3-identical-homes-on-the-same-street-telling-us-a-very-different-story-each-real-homes-of-genius-%e2%80%93-a-630000-foreclosure/#comment-49839 InvestorEstates Wed, 16 Jun 2010 16:14:57 +0000 http://www.doctorhousingbubble.com/?p=2985#comment-49839 Beware of Foreclosure Radar. Your $50/month will not net you very much. Most posts on the site are over a week AFTER the notices are posted at the county. Many auctions posted to their site are 2 or 3 days away, leaving you, the investor, little time to properly investigate a property's condition (physical condition, liens on title, property tax status, etc...). You'd do better to get online at the county sites and research this yourself, check the free postings on the trustee websites, review newspaper classifieds (online too), or subscribe to a local abstract report that will get you the data on the next-day with no 2-week lag like Foreclosure Radar can have. Beware of Foreclosure Radar. Your $50/month will not net you very much. Most posts on the site are over a week AFTER the notices are posted at the county. Many auctions posted to their site are 2 or 3 days away, leaving you, the investor, little time to properly investigate a property’s condition (physical condition, liens on title, property tax status, etc…). You’d do better to get online at the county sites and research this yourself, check the free postings on the trustee websites, review newspaper classifieds (online too), or subscribe to a local abstract report that will get you the data on the next-day with no 2-week lag like Foreclosure Radar can have.

]]> By: David http://www.doctorhousingbubble.com/neighbor-is-being-foreclosed-on-but-you-don%e2%80%99t-know-it-3-identical-homes-on-the-same-street-telling-us-a-very-different-story-each-real-homes-of-genius-%e2%80%93-a-630000-foreclosure/#comment-48204 David Fri, 30 Apr 2010 20:43:51 +0000 http://www.doctorhousingbubble.com/?p=2985#comment-48204 Even is "stable" value areas like houston, tx there is still distress selling, especially in the large homes. There are many 4000-6000 sq ft homes in major distress. Where I like the 8000 sq ft mansions on golf courses that cost around $1M all go up for sale in major market corrections... 2000 and 2008. I think the people in those upper markets here are buying big but have no reserves so when they lose that $250K a year job they cannot afford their $1M house anymore. That is what it seems. Even is “stable” value areas like houston, tx there is still distress selling, especially in the large homes. There are many 4000-6000 sq ft homes in major distress.

Where I like the 8000 sq ft mansions on golf courses that cost around $1M all go up for sale in major market corrections… 2000 and 2008. I think the people in those upper markets here are buying big but have no reserves so when they lose that $250K a year job they cannot afford their $1M house anymore.

That is what it seems.

]]> By: Sabin Figaro http://www.doctorhousingbubble.com/neighbor-is-being-foreclosed-on-but-you-don%e2%80%99t-know-it-3-identical-homes-on-the-same-street-telling-us-a-very-different-story-each-real-homes-of-genius-%e2%80%93-a-630000-foreclosure/#comment-45152 Sabin Figaro Sun, 14 Feb 2010 00:26:41 +0000 http://www.doctorhousingbubble.com/?p=2985#comment-45152 @Nimesh You hit the nail on the head with that particular observation, as John Cleese might have once said. I'm just a stupid engineer. I can't find the formula for all this to work out in the long run. I wish one of the pundits could show me the algorithm. @Nimesh
You hit the nail on the head with that particular observation, as John Cleese might have once said. I’m just a stupid engineer. I can’t find the formula for all this to work out in the long run. I wish one of the pundits could show me the algorithm.

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