Archive for the 'banking' Category

Foreclosure amnesia – California distressed inventory still larger than non-distressed properties. The psychological push to buy with low interest rates. The new marketing to purchase homes.


Living the California debt based dream – adjustable rate mortgages and bankruptcies. Bankruptcies in California increased 557 percent from 2006 to 2011.


What if housing doesn’t recover for another decade? When the young cannot afford to buy a home from their parents. The reemerging trend between the US and Japan housing bubbles.


A tale of two California economies – Large budget battle looming in November. Los Angeles County has 38,000 properties in the shadow inventory with 16,000 of those having loan balances above $400,000.


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