http://www.voiceofsandiego.org/articles/2009/11/25/toscano/660highendhousingweakness112409.txt
]]>http://blogs.wsj.com/developments/2009/11/11/more-high-end-homes-headed-to-foreclosure/
]]>Flint, a blue-collar city in the Rust Belt, was once home to several thriving General Motors plants that helped build a strong work force here. But as the automaker declined and cut tens of thousands of jobs, Flint residents started leaving too; the city’s population has fallen to 115,000 from its peak of nearly 200,000 in the 1960s.
Dan Kildee, 51, a Flint native and now Genesee County treasurer has a plan to push his hometown out of a housing glut. Kildee proposed a radical idea: demolishing 6,000 abandoned homes in Flint. “We’ve lost 84,000 people. They didn’t take their houses with them,” he said.
Here’s the rest of the story—
]]>Some of the nation’s foreclosure epicenters, including perennial chart-toppers Merced and Stockton, Calif.– are seeing a decline in foreclosure activity. But the pain is intensifying in a new crop of Western cities, which have been hard hit by rising unemployment.
Of the top 50 foreclosure markets tracked by RealtyTrac, foreclosure activity increased most sharply in several mid-size Western markets including Boise, Idaho, where foreclosure activity was up 142%. Other big gains came in Provo, Utah, and Salt Lake City, Utah, which posted increases of 120% and 105% from one year ago, respectively. Reno, Nev., saw an 80% year-over-year increase in activity and ranked No. 9 in the country for foreclosure filings.
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For only $4.5 million (I’m sorry, $4,499,485), this lovely piece of architecture could be yours. If Scarface and Saddam Hussien got together to design a house, it would look like this. Bonus points for the listing having reductions in price of $400, $1, $1, $8, and $5.
(Found at Curbed LA.)
]]>Very long ago, I used to live in the Marbrisa Apartment homes off the traffic circle. It wasn’t that bad, was on the “good” side of the hill. I know parts of Signal can get fairly shady fast; but what about all that new construction during the boom? In my mind, it’s a good compromise; the newness of Irvine in Long Beach, city/ocean views; reasonable prices. It’s the poor man’s newport coast! Youre not too far away from the Snoop Dog hood to remember your roots… but you are at least high enough to feel safe and the nearby Costco feels just right at home. How are the schools in Signal? I remember some plans to build new ones there… Isn’t it known that any child can attend any LBC school? I know Wilson is nice…
These are a couple of recent finds…
price? $1.2 mil? nah, just $749.. why live in Irvine?
For the price of this in Irvine
I can get this in Signal Hill…
