Falling prices and faltering economy causes rise in mortgage delinquencies

Nov 25th, 2011  
by IrvineRenter  in Library News

Astute Observations

Astute Observation by Irvine Observer
2011-11-25 11:43 AM

Does anyone know how much an apartment like this rents for?  Anyone aware of other units renting in this complex?

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Astute Observation by chuckconners
2011-11-25 08:07 PM

Some owners living on the edge due to loss of employment or bad financial decisions emptied out their retirement and savings to save their sinking ship, thinking things were going to get better,they always do - or real estate always goes up blah blah blah. They now find themselves broke with the prospect of working the rest of their lives.Hope it was worth it. Should of walked.These same folks are clueless about the massive tax bill coming from uncle sam and the great state of california after 2012 for unearned windfall income.Better before that point to bankrupt worthless property and credit card debt and start over.Have to sollow the old pride, hard for orange countians to do, admit they overspent and failed at the game.

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Astute Observation by Maggie Jode
2011-11-28 06:28 AM

there are 900 sq ft condos going for 300K here in central Austin. And there.is.no.bubble. Some healthy markets will simply bear this because people want to live there.

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