Archive for the 'bailout' Category

Beverly Hills witnesses a 23 percent annual decline in home values – Low interest rates do not mean long-term housing prices will go up. Just look at Japan and their historical interest rates.


Expensive homes and food stamps – While California home prices went up 8 percent in the last year 13 percent of California households are on food stamps. How low interest rates help Californians more than other states.


Mortgaging your way to a college education – the burden of student debt and the impact on the starter home market.


The crash diet of California home buying – You cannot purchase a $226,000 starter home on a $33,000 income and state this is affordable. The twisted definition of affordability.


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