Archive for October, 2010

Lessons from a housing bubble city, Thousand Oaks California. 74 percent owner occupied housing units with a median home price of $615,000. Median household income of $100,000 cannot support current prices. Million dollar foreclosure going for $712,000.


Real Homes of Genius: Culver City duplex edition. $800,000 in loans on a 1,400 square foot duplex. Now selling for $590,000. Renting makes sense especially in mid-tier real estate markets.


Owning with no equity is just renting with no mobility. 11 million mortgage holders underwater backed by $2.9 trillion in mortgage debt. In California, close to 20 percent of mortgage holders underwater by 25 percent or more.


Real Homes of Genius – Revisiting an HGTV style Culver City flip of 2007. Ever wonder why all those house flipping shows now show Canada housing instead of Westside homes? 704 square foot Culver City flip goes from massive profit to loss.


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