I hope you are enjoying your weekend. If you want to catch up on the week’s housing market developments, you can find it here.
Irvine Home Address … 103 VERMILLION Irvine, CA 92603
Resale Home Price …… $729,900
{book1}
End of passion play, crumbling away
I’m your source of self-destruction
Veins that pump with fear,
Sucking darkest clear
Feeding on your deaths’ construction
Taste me and you will see
More is all you need
You’re dedicated to
How I’m killing you
Master of Puppets — Metallica
Housing Bubble News
Today’s Housing Bubble Post – It Ain’t Over
The Housing Bubble Collapse And Homeowner Tax Incentives
Oct. existing home sales jump record 10.1 percent
Housing: Yes, That Was (And Is) A Train Wreck
Housing Bubble News from Patrick.net
Nearly 1 in 4 Borrowers Is Underwater (Mish)
Housing threat looms in South Orange County (mortgage.freedomblogging.com)
House Sales Poised to Dip After Tax-Credit Rush (news.yahoo.com)
It’s beginning to look a lot like a ‘W’ (marketwatch.com)
Realtors dead last on list of occupation by prestige (harrisinteractive.com)
Blame the Federal Reserve (youtube.com)
More foreclosures on the way for 2010 (boston.com)
More US house “owners” at risk of losing property they did not pay for anyway (guardian.co.uk)
U.S. Housing Recovery Delayed “to 2010” (as if!) (bloomberg.com)
U.S. Housing: More Houses in Delinquency than for Sale (seekingalpha.com)
Foreclosure, Delinquency Rate Soars (courant.com)
U.S. Mortgage Delinquencies Reach a Record High (nytimes.com)
Hope for Double Dip in Housing (online.wsj.com)
Pain increasing at the VERY high end (finance.yahoo.com)
Other News
The Talented Mr. Pang
1-in-4 OC offices may be empty in 2010
Irvine Home Address … 103 VERMILLION Irvine, CA 92603
Resale Home Price … $729,900
Income Requirement ……. $134,340 
Downpayment Needed … $145,980
Home Purchase Price … $672,000
Home Purchase Date …. 5/14/2008
Net Gain (Loss) ………. $14,106
Percent Change ………. 8.6%
Annual Appreciation … 5.2%
Mortgage Interest Rate ………. 5.00%
Monthly Mortgage Payment … $3,135
Monthly Cash Outlays ………… $4,350
Monthly Cost of Ownership … $3,320
Property Details for 103 VERMILLION Irvine, CA 92603
Beds 3
Baths 2 full 1 part baths
Size 2,146 sq ft
($340 / sq ft)
Lot Size n/a
Year Built 2003
Days on Market 1
Listing Updated 11/18/2009
MLS Number S596456
Property Type Condominium, Residential
Community Quail Hill
Tract Sand
Great location .. .. ..A nice and open floor plan.. .. .. Light and bright .. .. .. Ready to move in .. .. .. Arched Entry with a gated front Courtyard .. .. .. Third Bedroom is a Den/Office Downstairs, Living Room with Fireplace, Formal Dining Room, Spacious Kitchen with lots of cabinets .. .. .. Master Suite with room for Home Office and an additional Separate Spacious Retreat .. .. .. Inside Laundry Room .. .. .. Cozy backyard .. .. .. Enjoy Resort-like Amenities of Quail Hill including pools, BBQ areas, Sports Courts, GYM , trails and etc
I like using ellipses as they convey the idea that there is more to be said or though about the subject, but the reader must think if for themselves. When I see a grammatically incorrect attempt an ellipses like above, and it conveys that the author cannot sustain a coherent thought, and the reader is floating from one idea the next.. .. .. maybe I should try it.. .. .. maybe people like to think slowly.. .. ..
The article on the double dip in housing has this great interview with local real estate consultant John Burns:
Fear of Double Dip in Housing
“This biggest stimulus is mortgage rates…”
Three bedroom condo….Light and Bright….$729k…..Hey….Stop laughing…..Up $50k in year?….I know….I’m just agent….You want job?….Should never have left teaching….Hiding Benz from repo man….Open floor plan….Bring all offers….
thanks for the laugh
Hmm… maybe it was mistyped. It was meant to be morse code.
It meant:
. . . .. .. .. . . .
which is short for
. . . __ __ __ . . .
Or
SOS
What the realtor is really trying to do is to send an SOS to fellow realtors to bring someone in with some money muy pronto or the Benz and the Lexus go back to the bank. Sort of secret masonic deal
But in typical RE form, it got mispelled. Even in morse code.
$729K for this place is just bonkers. A little inventory shortage and all the greedy wackos start marking everything up. I’m really hoping for reality to come and put its boot on their neck.
They might get that much or more, if you go from Redfin’s recent similiar sales (although the autocomps from Zillow et al are all much lower).
If somebody is silly enough to pay that much, then the condo automatically is worth that much. And I have a feeling that might just happen.
more help is on the way. I wonder how long will this keep going on.
http://www.msnbc.msn.com/id/34189229/ns/business-economy_at_a_crossroads