The Federal Reserve under Ben Bernanke is continuing the policy of fostering moral hazard through implied guarantees. The Bernanke Put applies not just to the stock market, but directly to the home mortgage market as well.
Today's featured property is a delusional flipper lowering price to find the market.
Irvine Home Address ... 14512 LARCH Irvine, CA 92606
Resale Home Price ...... $775,000
Read the rest of this entry »
Many cling to lifestyles of the Great Housing Bubble unable to accept reality of living within the confines of their wage income. Today we examine the inevitable and ignominious fall from entitlement.
Irvine Home Address ... 80 FAIRLAKE 21 Irvine, CA 92614
Resale Home Price ...... $1,200,000
Read the rest of this entry »
Today we conclude the three-part series, Foreclosure 101, with a look at the details of a Trustee Sale and a high-end Irvine property defying financial gravity.
Irvine Home Address ... 1 SHADOW Gln Irvine, CA 92620
Resale Home Price ...... $1,389,900
Read the rest of this entry »
Today is the first in a three-day series on the foreclosure process. We will look at the legal aspects of home ownership and peek at a Northpark flip.
Irvine Home Address ... 103 TERRA BELLA Irvine, CA 92602
Resale Home Price ...... $449,000
Read the rest of this entry »
Despite the optimism for a better 2010, house prices are not going to rise, HELOC money is not coming back, and the giant house party of the 00s has come to an end. Properties like today's are a symptom of our collective hangover.
Irvine Home Address ... 34 CAPISTRANO Irvine, CA 92602
Resale Home Price ...... $840,000
Read the rest of this entry »
The Canadians missed out on the Great Housing Bubble, but they are inflating one in the aftermath. O Canada!
Irvine Home Address ... 2 NEVADA Irvine, CA 92606
Resale Home Price ...... $749,000
Read the rest of this entry »
The Federal Reserve currently controls mortgage interest rates through its direct purchase of Agency debt. Now that we have given the Federal Reserve this ability, are they going to keep it?
Irvine Home Address ... 6 LAKEVIEW 73 Irvine, CA 92604
Resale Home Price ...... $700,000
Read the rest of this entry »
