I hope you are checking out the great posts over at The Housing Chronicles Blog.
Prepare for higher taxes! Obama unveils budget blueprint.
What's really going on with the economy?
Obama's mortgage plan: is it fair to taxpayers?
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Today I want to share with you an email from a long-term HOA board member. It is a warning of the perils of buying into the wrong association.
Our featured property is another house spender. I suspect I will not run out of these properties to profile before we find a bottom.
Asking Price: $670,000
Address: 74 Turnbury Lane, Irvine, CA 92620
Read the rest of this entry »With all the news about falling house prices and specials on the housing bubble, it is obvious to most people that prices are falling, and they will continue to do so. Unfortunately, most people do not do anything about it until the price drop is painful--and it is too late.
Today's featured property is a high-end short sale. It will be a foreclosure soon enough.
Asking Price: $1,215,000
Address: 46 Crimson Rose, Irvine, CA 92603
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Before the IHB began publicizing HELOC abuse, few realized how widespread the phenomenon really was. Now that we all know, I ask you "Will all the short sales and foreclosures caused by HELOC abuse doom the housing market?"
Today's property is, of course, a HELOC abuse case. They are easy to find, just pick a listing at random, and it is either a 100% financing deal or HELOC abuse...
Asking Price: $415,000
Address: 65 Olivehurst, Irvine, CA 92602
Read the rest of this entry »I know short sales usually end up in foreclosure, but the discounts offered can be breathtaking.
Today's property is being offered for 41% off its peak purchase price. It may be at rental parity--if someone wants to live there.
Asking Price: $280,100
Address: 227 Tarocco, Irvine, CA 92618
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Empires rise and fall. The Great Housing Bubble witnessed the creation of many real estate financial empires. These are now starting to crumble.
Today's featured property is one of 15 owned by the same man. Will his empire survive?
Asking Price: $1,219,900
Address: 30 Foxboro, Irvine, CA 92614
Read the rest of this entry »I want to share with you a couple of good posts from Patrick Duffy at The Housing Chronicles Blog:
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