Ideal Home Brokers introduces a new feature: exclusive access properties.
Home Address ... 26118 Hillsford Lake Forest, Ca 92630
Resale Home Price ...... $275,000
Strategic default provides a major stimulus to the California economy. Nearly $2,000,000,000 per month flows into the local economy that used to flow out to debt holders in other places.
Irvine Home Address ... 31 TRAILING VINE Irvine, CA 92602
Resale Home Price ...... $499,900
Public attitude toward commercial borrowers who strategically default is much different than it is toward commercial borrowers. Today, we explore this difference.
Irvine Home Address ... 29 BURLINGAME Irvine, CA 92602
Resale Home Price ...... $579,000
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
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