Archive for the 'real-estate' Category

Housing market will get much worse before it gets better. How far are we from a normal housing market? 4.3 million distressed properties away from normalcy.


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.


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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