Do housing market prices in California swing like a pendulum? It appears that way, but the forces behind the movements are entirely caused by people rather than forces of nature.
Asking Price: $492,000
Address: 4 Pendelton, Irvine, CA 92620
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Move-up housing is not an equity appreciation play as most people think. True move-up housing is cashflow savings technique that will be in vogue again in a few years.
Today we have another condo in Orangtee rolling back to 2003 pricing.
Asking Price: $299,000
Address: 294 Lemon Grove, Irvine, CA 92618
Did you see the weekend post, HELOC Abuse San Clemente Style? Kelli Hart has a follow up on South Coast Homes.
Read the rest of this entry »Our popular tour to surrounding communities in search of HELOC abuse continues in Huntington Beach. So far we have seen $3,367,500 HELOC Abuse from Hollywood, $5,000,000 HELOC abuse from Laguna Beach, $7,000,000 HELOC abuse in Newport Coast and 18 different properties in Huntington Beach. Today we will examine the sleepy beach community of San Clemente.
Asking Price: $798,000
Address: 121 W Avenida San Antonio San Clemente, CA 92672
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Our popular tour to surrounding communities in search of HELOC abuse continues in Huntington Beach. So far we have seen $3,367,500 HELOC Abuse from Hollywood, $5,000,000 HELOC abuse from Laguna Beach and $7,000,000 HELOC abuse in Newport Coast. This week instead of going for one big abuser, I want to give you a more complete picture of how common this problem is. The following post contains a partial list of homes for sale over $1,000,000 where the owners owe more than they paid.
Asking Price: $2,595,000
Address: 1120 Main Street, Huntington Beach, CA 92648
BTW, I have been quoted over at Huntington Homes concerning HELOC availability.
Read the rest of this entry »Our popular tour to surrounding communities in search of HELOC abuse has turned up a gem in Newport Coast. I admit, I cherry picked this one, but I suspected I could top the $3,367,500 HELOC Abuse from Hollywood and even the $5,000,000 HELOC abuse from Laguna Beach last week, and I was right.
Newport Coast sets the new HELOC Abuse record: $7,000,000. Congratulations Newport Coast!
Asking Price: $6,500,000
Address: 28 Shoreridge, Newport Coast, CA 92657
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With all of the soon-to-be-former homeowners who spent their houses, you have to wonder if the good times they had while walking the path to foreclosure was worth it.
Asking Price: $514,800
Address: 149 Lockford, Irvine, CA 92602
Negotiating to purchase residential real estate can be intimidating, but if you understand the rules of the game, it is not that complex, and you can save yourself a great deal of money.
Asking Price: $824,900
Address: 7 Willowridge, Irvine, CA 92602
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