Delusions,Madness, Ponzi’s -All business as usual in Sunny California
California Dreamin'- Dr. Housing Bubble Blog
- A mirror in the real estate sun – Japan posts record trade deficit while real estate values go deep into the 1980s. US has decade long collapse in real estate values in spite of record low mortgage rates. The path of two lost decades in US real estate values is looking very similar to Japan.
- A case scenario in renting versus buying in Culver City – Rent a home for $2,800 or buy it for $600,000? 12 listed foreclosures while shadow inventory is up to 144.
- A $983 mortgage payment in Southern California is now typical? Buyers commit to lowest mortgage payment in January of 2012 since May of 1999. What does this say about the current makeup of real estate sales?
- The lower bound of the housing market – many locations in California will see prices decline in 2012 since banks and government intervention are maxing out. How can home prices go higher if household incomes are moving in the opposite direction? 21 percent underemployment rate in California.
- The housing singularity and other housing oddities – more coverage on financial history in Mildred Pierce about SoCal housing bubble than all local networks combined. Geithner first to trial test his negative equity home as a rental?
- Calculated Risk
- New Home Sales: 2011 Still the Worst Year, "Distressing Gap" remains very wide February 24, 2012
- New Home Sales in January at 321,000 Annual Rate February 24, 2012
- An "Upbeat" report on the Phoenix Housing Market February 24, 2012
- BofA to Stop Selling Mortgages to Fannie Mae February 24, 2012
- Hotels: RevPAR increases 4.4% compared to same week in 2011 February 23, 2012
Hi,
I’m preparing to speak to an attorney about my housing situation in Vegas. I followed a link to your site a month or so ago and found some valuable information that I wanted to include in my questions during my consultation. When I click on the same link now, it goes to an empty page. Would you be able to direct me to the information/content of that page please. The URL was:
http://vegasbubble.com/2010/02/03/lenders-may-pursue-homeowners-after-short-sale-or-foreclosure/
I accessed the page around May 14 if that helps.
Thank you very much.