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Real Homes of Genius Flashback: Looking back at Lakewood California. $105
2008-02-07 21:20:00
Inquiring minds have been asking, where do Real Homes of Genius go when they get their wings? Now that we know that many people that are losing their homes are not the poor family in a $150,000 home struggling to make ends meet, but a would be speculator who is now underwater, we understand ...Related Posts:?Real Homes of Genius: Today we Salute you Lakewood. A Short Sale with a $100,000+ Loss.?San Diego Down 4.5 percent YOY - or $42,000 from Peak.?Real Homes of Genius: Lakewood Redux. The Art of NINJA Loans.?A Trip down the Housing Graveyard: The Casualties of the Housing Bear Market.?Reading between the Lines: Countrywide Announces $1+ billion Dollar Loss, Stock Soars
More About: California , Back , Flashback

California Budget Woes: Balance the Budget by Gambling and Letting Inmates
2008-02-05 21:29:00
It may come as a surprise to you but California is in a deep budget mess. The once rising tide of real estate has shipped off into the sunset with a one-way ticket. Last week, Governor Schwarzenegger was dealt a swift blow to his ill advised universal health care proposal. A budget ...Related Posts:?The Foreclosure Story: What does the Process Look Like??Real Homes of Genius: Today we Salute you Costa Mesa. False Bottoms in Action. $300,000 Off in 1 Year!?Real Homes of Genius: January Recap and Compton Prices Rising. At Least in Theory.?Consulting?California Examined: The Deep Budget Impact of the Mortgage Crises.
More About: Gambling , Balance , Letting

The Menace of Mortgage Debts: Lessons from the Great Depression Series: P
2008-02-04 07:26:00
As we approach Super Duper Tuesday, a day that is historical in magnitude, we need to reflect on how we got into the current housing mess. It would be easy to say that the mortgage problems simply arrived over night but they have been building up for a decade. This housing crisis is ...Related Posts:?Lessons From the Great Depression : A Letter from a former Banking President Discussing the Bubble.?3 Reasons Why This Credit Bubble is worse than 1929. Precursors to a Recession: Complicit Fed, Population Involved, and Greater Dependence on Credit?Housing Bubble Blog News on the Decline Year-on-Year? What is Going On??What goes up must eventually come down. Especially when going up consisted of using Houdini like smoke and mirrors.?How I learned to Love SoCal and Forget the Bubble!
More About: Series , Mortgage

Riding in the Short Bus of Housing: Southern California Short Sale Numbers
2008-02-02 00:37:00
We are back in wonderland where losing jobs is apparently good news for the markets. These false rallies will once again lose steam once people realize that reality on Wall Street is very different from daily living on main street USA. In this short article, we are going to drill into the short ...Related Posts:?The Short Sale Report: Volume 1 ? The True Barometer of the Housing Market?Real Homes of Genius: Today we Salute you Compton with a Short Sale at $375,999. New! Short Sale Search Option.?The Short Sale Report: Volume 2 ? Record 10,000+ Short Sales in Southern California .?Short Sale Report Volume 3: Another Week and Another Record. SoCal Short Sales up over 12,000.?The Short End of the Stick: Examining Short Sales in Southern California
More About: Numbers

Real Homes of Genius: January Recap and Compton Prices Rising. At Least i
2008-02-01 08:22:00
If January is any indicator for the rest of the year, we are in for a world of economic hurt.  The housing market is quickly adjusting and the law of unintended consequences is unfolding at a rapid pace.  Many of you have read or heard of the idea of “intentional foreclosure” where owners let their ...Related Posts:?Real Homes of Genius : Today we Salute you Compton. $321,000 for 594 Square Feet! Can You Really Get Two Bedrooms Into That Space??Real Homes of Genius: Today we Salute you Compton. $294,900 for Your Very own Prison.?Real Homes of Genius: $450,000 3/2 Home in Compton? Yes folks, Smoking Housing Bubble Peyote Will Make You See Things Like This!?Real Homes of Genius: Today we Salute you Compton. $279,900 for 768 Square Feet.?Real Homes of Genius: Today we Salute you Compton. $90,000 in Los Angeles County?
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The Church of the Fed: Praying for Rate Cuts and SoCal Short Sales
2008-01-30 20:25:00
As many of you are now aware, the economy slowed to a dismal forth quarter edging up only 0.6%. Of course the technicality of being in a recession has been played down by many well doers that seem to have a Kevlar vest protecting them from the real issues that many Americans face. ...Related Posts:?The Short End of the Stick: Examining Short Sales in Southern California?Real Homes of Genius: Today we Salute La Mirada. Housing has Entered Stage 2 of the Bear Market. Middle Class Areas $100,000 off in one year.?Short Sale Report Volume 3: Another Week and Another Record. SoCal Short Sales up over 12,000.?Who Cut the Rate s? California Dreaming and Double-Speak Housing.?Real Homes of Genius: Today we Salute you Compton with a Short Sale at $375,999. New! Short Sale Search Option.
More About: Church , The Church

The Psychology of a Crashing Housing Market: Sending in Your Home Keys Jus
2008-01-28 19:06:00
Well it shouldn’t come as a surprise to you that the market was expecting new home sales to come in at 645,000 but the actual number came in at 604,000. Being off by 41,000 isn’t a big deal given how horrible the establishment is at predicting the will of the people. Just a ...Related Posts:?Lost: Agents Find Their Way Home ?True American Idol: Subprime Mortgage Lenders Send off a Blast Heard Around the World.?Irrational Housing : Insiders out Early and The Duesenberry effect.?Foreclosure Avoidance: A Society that is Psychologically Bent On Avoiding the Brutal Facts.?Is Housing the Next Rocky Balboa? Only 2007 Will Tell?
More About: Market , Psychology , Keys

Real Homes of Genius: Anaheim Half-Off Sale! Down 40 Percent in Less Than
2008-01-26 21:55:00
Considering all the fireworks last week with the global market meltdown, the Fed dropping rates in an emergency session, and the government sending money to everyone (told you it would happen) not much came of it in the end. After all the shenanigans, where did the week end? DOW Jones: Up 47 ...Related Posts:?Real Homes of Genius : Today We Salute El Monte. 624 Square Feet for $440,000.?Real Homes of Genius: Today we Salute you Buena Park. $511,000 for 864 Square Feet. Even Knott?s Berry Farm is Cheaper!?Foreclosures? Housing Bubble? In Southern California? Impossible!?Real Homes of Genius: Special Edition, Lifestyles of the Poor and Notorious. 10 Southern California Homes that Prove a Gargantuan Housing Bubble.?C.A.R. says 2007 will see a -2% Drop in California. Does This Feel like a 2% Yearly Drop?
More About: Sale , Half

Stimulation-Nation! Why the Stimulus Package Hurts Housing and Sneaking in
2008-01-25 09:35:00
Don?t you just love how they are calling this fiscal boondoggle a stimulus package? Since we are all about ?stimulating the consumer? they will also throw in a few syringes with heroine, methamphetamines, and two Red Bulls for good measure. This way, consumers can load themselves up and spend for 48 hours straight ...Related Posts:?Real Homes of Genius: Anaheim Half-Off Sale! Down 40 Percent in Less Than Two Years.?Real Homes of Genius: End of $1 Million Home in Pasadena and the Extinction of Mortgage Equity Withdrawals.?Real Homes of Genius: Today we Salute La Mirada. Housing has Entered Stage 2 of the Bear Market. Middle Class Areas $100,000 off in one year.?Flipper Nation Episode 2?Et tu Subprime? Why This Mortgage Proposal is Hot Air?As of Today.
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Who Cut the Rates? California Dreaming and Double-Speak Housing.
2008-01-23 07:06:00
Now that was an interesting start to the week. Can you believe that we are only 3 weeks into the year? Anyone that can tell you they predicted this playing out exactly this way is flat out lying to you or should be given some sort of award for forecasting. As many ...Related Posts:?Big Ben and the Ministry of the Fed: Housing Double speak. NovaStar Shining.?C.A.R. says 2007 will see a -2% Drop in California . Does This Feel like a 2% Yearly Drop??The History of the Los Angeles County Housing Bubble (2000 ? 2007). Proudly a County of a Renting Majority.?The Short End of the Stick: Examining Short Sales in Southern California?When will my home cost me an ARM and a leg?
More About: Speak , Dreaming

Real Homes of Genius: End of $1 Million Home in Pasadena and the Extinctio
2008-01-21 20:46:00
While the administration decides if they should send you your $800 rebate in a paper or plastic envelope, world markets took incredibly large hits today. Hong Kong?s Hang Seng index plunged 5.5%, its biggest drop since 9/11. Take a look at the worldwide market snapshot: Now what do you think the world ...Related Posts:?Real Home s of Genius: Today we Salute you Pasadena . $87,000 off in 2 Months for 937 Square Feet.?Screw This Housing Market! Black & Decker Sucked into the Housing Abyss.?Real Homes of Genius: Today We Salute El Monte. 624 Square Feet for $440,000.?Real Homes of Genius: Today we Salute you Paramount. 768 Square Feet for $324,900. Buy, Withdraw, Sell, Foreclose. The Cycle of Life.?Real Homes of Genius: Today we Salute you Downey. $100,000 off in 3 Months.
More About: Million

The End of the Tribe of Housing: Breaking Down the National Housing Neuros
2008-01-19 09:39:00
The market had a capitulation event this week. The Dow Jones Industrial Average fell 507 points to 12,099 essentially wiping out a year of gains. While Boom Boom Bernanke left the alter of Fed-speak and practically told the market that we are in a world of hurt in a moment of candor, it ...Related Posts:?Real Homes of Genius: Today We Salute you Artesia. 626 Square Feet of Barbie Love for $360,000.?The Invisible Mortgage Hand: Analysis of a Society That Forces You Into Debt.?Real Homes of Genius: Today we Salute you Downey. $270,000 off Peak!?Real Homes of Genius: Today we Salute you Lawndale. $529,900 to $454,900 in 2 Months. Breaking the Speed Limit of Cost Cutting!?A Trip down the Housing Graveyard: The Casualties of the Housing Bear Market.
More About: National , Neuros , Tribe

Exposing the Southern California Housing Numbers and the DQ Special. DataQ
2008-01-17 09:52:00
I?ve gotten a few e-mails regarding the recent Southern California DQ numbers. For those of you who do not know, we aren?t talking about Dairy Queen but about real estate data gatherer DataQuick. I?m surprised by a few of the e-mails saying, ?hey, what does Dairy Queen have to do with housing!?? ...Related Posts:?DataQuick News: Much Ado About Nothing??Foreclosures? Housing Bubble? In Southern California? Impossible!?Income vs. Housing: When Did Housing Become Gold??Tell me the Sales Data: You Can?t Handle the Sales Data!?What goes up must eventually come down. Especially when going up consisted of using Houdini like smoke and mirrors.
More About: Special , Numbers

Real Homes of Genius: In the Backyard of Countrywide. Today we Salute you
2008-01-15 11:08:00
Last week was an absolute rollercoaster. We had Countrywide being bought out by Bank of America and the Fed once again using their dollar destroying megaphone? proclaiming from the hills of Washington that the greenback is country fried once they announce their rate cut. Is there any doubt that they will once again ...
More About: Today , Homes , Real , Backyard , Salute

False Prophets of Housing: Making Sense of Housing Information Last Week.
2008-01-12 21:28:00
For most societal changing events, there comes a time when you realize we have reached a tipping point. Not any tipping point, but a point where it is impossible to go backwards. I believe we have hit that stage with housing. Imagine a graph that grows exponentially from cracks in the housing ...
More About: Information , Sense , Housing , Week

Real Homes of Genius: Today we Salute you Costa Mesa. False Bottoms in Ac
2008-01-11 00:27:00
Well that was an interesting day on Wall Street. First we get a notice that holiday sales were lackluster and we are teetering on the verge of recession (if we aren?t already in one). Goldman Sachs is predicting a recession by the end of the year and stocks were heading sharply lower today. ...
More About: Today , Homes , Real , Costa , Salute

Massive Inventory Decrease in Southern California. Is This the Fabled Bott
2008-01-08 09:08:00
I?ve been tracking the Southern California market for over a year. The inventory numbers for San Diego, Ventura, Orange, Los Angeles, San Bernardino, and Riverside Counties hit a peak in late September at 166,514. During this same time, sales for the region have steadily decreased. At a certain point, it was ...
More About: Inventory , Southern California

Dr. Housing Bubble 1 Million Visitors! 200th Housing Post.
2008-01-06 22:11:00
If you were to ask me in September of 2006 if I would still be blogging, the answer would have been no. From multiple estimates, there are approximately 50 million to 70 million blogs out there. It seems like there is a bubble in blogs! Many blogs do not survive past a ...
More About: Housing Bubble , Post , Housing , Visitors , Million

Real Homes of Genius: Today we Salute you Downey. $270,000 off Peak!
2008-01-03 21:11:00
There is a simple rule of thumb in real estate. It always makes more sense to buy a small home in a very expensive posh neighborhood than to buy a larger home surrounded by mediocre homes. Of course you?ll always try to keep up with the neighbors and have home envy, but at ...
More About: Today , Homes , Real , Salute , Genius

Real Homes of Genius: Today we Salute Culver City. Flipping Homes in Toda
2008-01-02 19:33:00
It didn?t take the year long for Peak oil folks to see $100. The market didn?t take kindly to the fact that manufacturing was ?unexpectedly? lower. Didn?t that hit everyone as a shock? And yes, we still have billions and billions of toxic mortgages ready to implode at any given moment. ...
More About: Today , Flipping , City , Homes , Real

2007 Year in Review: Subprime Explodes, Prices go Negative, and Captain Cr
2008-01-01 22:24:00
2007 was a watershed year for housing. The market took a major turn during the summer but much of the cracks in the housing juggernaut were seen earlier in the year. As the media is blasting the negative news on housing it is hard to believe that only a few months ago, it ...
More About: Review , Negative , Subprime , Year , Year in Review

The Quest for Accurate Housing Prices: Three Counties and Multiple Prices.
2007-12-30 01:07:00
Trying to price a home in a massive bubble is similar to cleaning the windows on an airplane that ran out of gas, in midair. There is a sense of desperation to do something but the hard brutal reality is that there will be a significant crash. Every bubble in history from tulip ...
More About: Housing , Quest , Prices

Special Edition: Real State of Genius: Today we Salute you California wit
2007-12-27 03:51:00
Happy holidays everyone! Hope everyone is enjoying the end of the year festivities. There?s a feeling in the air that everyone is maxed out. I was out in the Inland Empire this past weekend and saw very nice brand new homes going for $200,000. Prices are starting to take major downturns ...
More About: California , Today , Special , State , Real

Sexy Bottom: The Naked Truth of the 10 Percent Southern California Housing
2007-12-20 03:13:00
I was driving to a meeting today and happened to catch a discussion of the Southern California housing market on NPR. It was a rather long discussion and they had various folks chiming in on the market. To my sheer astonishment, some of these people where asking if we have reached the bottom. ...
More About: Truth , Sexy , Housing

Schadenfreude: The Psychology of Housing Retribution and Justice. The Fan
2007-12-18 18:21:00
Ayn Rand must be rolling in her grave after Alan Greenspan?s recent comments regarding the housing market. For those of you who don?t know, Alan Greenspan was heavily influenced by the novelist and philosopher Ayn Rand. Part of the ?Class of 43? Greenspan supposedly followed the principles of lassiez-faire capitalism, individual rights, and ...
More About: Justice , Schadenfreude , Housing , Psychology , Holo

California Examined: The Deep Budget Impact of the Mortgage Crises.
2007-12-16 10:25:00
Since Governor Schwarzenegger took office in October of 2003, he rode in promising no tax hikes and sent a very unpopular vehicle fee out the door along with Gray Davis. He has faced issues with budget delays but nothing like the current short fall. The Governor announced plans for declaring a fiscal emergency ...
More About: California , Mortgage , Deep , Budget , Crises

Screw This Housing Market! Black & Decker Sucked into the Housing Abyss.
2007-12-15 18:44:00
I was talking earlier in the week with a colleague in the construction business in Orange County. He currently has work but tells me that ?he has no pending projects lined up after this one is done.? There is a decorum that we have and I don?t go telling everyone about the ...
More About: Market , Black , Housing , Decker , Screw

A Tale of 5 Cities: Not All Bubbles Burst at the Same Time.
2007-12-13 22:23:00
Public opinion is a permeating influence, and it exacts obedience to itself; it requires us to drink other men’s thoughts, to speak other men’s words, to follow other men’s habits. -Walter Bagehot To turn on the television or read a national newspaper, you would think that each housing market has suddenly burst in perfect unison. It?s ...
More About: Time , Cities , Burst , Bubbles , Tale

Real Homes of Genius: That Ben Bernanke is Funny! Sesame Street Cerritos
2007-12-12 19:44:00
Oh that Ben Bernanke, aka Boom Boom, aka Helicopter Ben, aka Big Baller, aka credit liquidity magician. After talking to the market with a stern voice and demonstrating that he does have some restraint with rate cuts, he follows the next day by opening up a corner loan shark store. While they don?t ...
More About: Funny , Sesame , Street , Homes , Real

Foreclosure Avoidance: A Society that is Psychologically Bent On Avoiding
2007-12-11 00:43:00
Most will agree that as a society, we cannot spend our way into prosperity. In fact, many even the most ardent bulls will acknowledge that we have some serious issues to address in our current economy. From preliminary reports, this rate freeze will have a very minimal impact on the overall housing market. ...
More About: Society , Foreclosure , Logi , Holo