Lenders are trying to label strategic defaulters as hysterical fools in order to keep the hopeless paying a little bit longer.
Irvine Home Address ... 13711 SOLITAIRE Way Irvine, CA 92620
Resale Home Price ...... $675,000
Is the housing market ready to survive without government props and supports? We are about to find out.
Irvine Home Address ... 2 SANTA LUZIA AISLE Irvine, CA 92606
Resale Home Price ...... $699,000
The pain of the deflation of a housing bubble cannot be avoided by trying to keep the bubble inflated, or by trying to deflate it slowly. The only way to avoid these problems is to prevent the bubble from inflating in the first place through some form of intervention in the mortgage market. Intervention can take the form of a market-based intervention demanded by investors and ratings agencies, and it can also come about through direct government regulation.
The regulated free-market system in place at the turn of the millennium allowed the creation of the Great Housing Bubble. Some combination of market-based and regulatory reforms is necessary to prevent the same circumstances that created the bubble from creating another one; it is imperative to prevent the next bubble in order to avoid the problems from the bubble’s deflation. [iii] The kind of intervention proposed here is not a bailout plan. A substantive bailout plan to rescue homeowners would be fraught with problems and unintended consequences. In September of 2008, the banking system neared collapse due to the problems of the fallout, and a banking system bailout became necessary. This outcome argues more forcefully for an intervention to prevent future bubbles from occurring in the housing market.
Read the rest of this entry »I hope you are all taking advantage of our perfect weather and enjoying your holiday weekend.
Irvine Home Address ... 518 LUMINOUS Irvine, CA 92603
Resale Home Price ...... $1,599,000
The underlying mechanisms for inflating housing bubbles still exist, and the buyer mentality that inflated it still dominates the market. Only lender prudence prevents another housing bubble.
Irvine Home Address ... 241 GREENMOOR Irvine, CA 92614
Resale Home Price ...... $995,950
An accepted Calfornia oxymoron is debt is equal to wealth. Today we take a special look at the lives of debt millionaires.
Irvine Home Address ... 29 LOOKOUT Irvine, CA 92620
Resale Home Price ...... $1,300,000
The fix is in to stabilize prices through restricting supply. Will the cartel arrangement hold up and permit an orderly liquidation of REO without crashing prices?
Irvine Home Address ... 14911 SUMAC Ave Irvine, CA 92606
Resale Home Price ...... $719,000
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