Archive for the 'flipping' Category

California home equity hangover – $649 billion in HELOC loans nationwide with most in California. June 2005 92,000 HELOCs in California compared to only 22 in March of 2010. The evaporation of an industry and three examples of refinancing gone wrong in Culver City and Pasadena.


Back to the California housing future -Low priced housing areas in California in for a real estate double dip? New buyers and investors jumped in too soon. Massive sales and speculation in lowest priced zip codes.


The great American mortgage casino – How the Goldman case is about the broken down system that allowed massive gambling in America’s housing market for the last decade. Average sales price down because distress sales still account for 30 percent of home sales nationwide.


Brazilian Style Living in Southern California – MLS Inventory Creeping up, Section 8 Vouchers for Granite Countertops, and California Budget Going Mayan in 2012.


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