Comments on: Real Homes of Genius: Today we Salute you Inglewood with our Real Home of Genius Award. Incorporating Technology into our Economic and Financial Crisis. Shopping Cart Technology.

By: Ricky Rojo Jam

Ricky Rojo Jam — Sun, 15 Mar 2009 16:27:49 +0000

I thought prices in California were coming down. I went on a real estate web site and looked at prices in Solana Beach near San Diego. You can buy a 848 square foot cottage with a galley kitchen for 1.9 million. Granted it is right on the ocean but for 1.9 million? If you put 20 percent down you can pay $8500 a month for PIT and then another 1500 a month for taxes and insurance. I dont take home $10000 a month, my stock account is down over a million dollars and I dont want to live in a two bedroom, one bath cottage for 9500 a month. Who cares where it is! Dr. Bubble you are wrong….there will never be a recovery! You see, the banks wont loan to anyone at those inflated bullshit prices. You need to be making over 250000 a year to qualify for that type of mortgage and for that you get a galley kitchen without a dishwasher. Insanity. The place is overpriced by 900000 dollars. Would you lend anyone 1.5 million dollars to buy this house if their name wasnt Buffet,Gates or Dell. I thought California got it. I guess not.
There will be a revolution or a depression…I am leaning toward a depression.

By: West L.A. resident

West L.A. resident — Fri, 13 Mar 2009 07:13:43 +0000

While there are some areas of Inglewood that are nice, most of it is considered “the hood”. Translation, high proportion of blacks and a city that really is dangerous. People living in L.A. don’t consider Inglewood to be Compton or South Central, but to people in most other cities in America, Inglewood is a nightmare.

I would never drive to Inglewood on purpose.

By: Lego Hater

Lego Hater — Thu, 12 Mar 2009 16:28:45 +0000

in addition to bailout money, isn’t Citi also in the middle of a foreclosure moratorium? That would mean they’re not having to do many write-downs on loans this quarter.

By: Sabin Figaro

Sabin Figaro — Thu, 12 Mar 2009 13:20:09 +0000

Planet of the Alt-Apes — The Optional Arm Returns:

By Les Christie, CNNMoney.com staff writer
March 12, 2009: 4:15 AM ET
NEW YORK (CNNMoney.com) — The foreclosure picture suddenly darkened again in February.

More than 74,000 homes were lost to bank repossessions during the month, up from 67,000 in January, according to a regular monthly report from RealtyTrac, the online marketer of foreclosed properties. Nearly 1.2 million have been lost since the foreclosure crisis hit in August 2007.

The number of foreclosure filings rose 6% during the month after falling 10% in January. Worse, filings leaped nearly 30% compared with February 2008. And the results confounded expectations: A downtrend had been expected due to the numerous foreclosure moratoriums in effect during the month.

By: wincompetent

wincompetent — Thu, 12 Mar 2009 05:49:32 +0000

@ Michael

That’s Dr. Housing Bubble to you.
He earned his doctorate from real estate school!
Hee, hee!!

BTW, I love how Jon Stewart is stickin’ it to CNBC!!!