Archive for the 'banking' Category

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.


California budget means lean times for the state – 5 reasons why the California economy will lag for years to come. High paying jobs gone, shadow inventory, state taxes, and re-writing history.


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