From dsnews.com: An alarming number of homeowners see strategic default as a viable option should their home continue to depreciate. Almost half of the homeowners participating in an online poll from Housing Predictor say they will walk away from their mortgage...
Month: April 2012
Bang for Buck
We had a number of requests to show reasonably-priced homes. Do you mind going out a little further? They are improving the 76 highway, and access to Bonsall will be much easier before long. Map. Redfin listing, now contingent.
Reduction vs Forebearance
More on this year's bailouts du jour - from MND: Acting Federal Housing Finance Agency Director Edward J. DeMarco spoke to the Boston Security Analysts Society on Wednesday, in part defending his stand against principal reductions for Freddie Mac and Fannie Mae Loans....
Toxicity 2
These guys have plunked out three sales plus the low-incomer, and are offering up to 6% in buyer incentives, which apparently isn't enough when others are blowing off the market. They should just lower the price instead. Of the eight available, only two are under...
Bubbleinfo Survey Results
Here are the results of the bubbleinfo survey. These counts and graphs are from the first 239 people, and we're now up to 276! (I thought we might have 50!) Thank you everyone for participating - I will comment on some of the great suggestions later:...
Paying Off Mello-Roos
Do you dislike the idea of paying Mello-Roos fees? Now that the State of California has changed the tax forms to ensure you can't deduct them by accident anymore, would you like to pay them off? This is what a reader found about paying off his Mello-Roos in advance:...
Accidental Flipper
There isn't anything here that the seller or agent did to warrant a big increase in value - yet buyers are willing to pay at least 10% more only 1-2 months later?
Flipper Frenzy On Fire
Several readers have sent in stories over the last 2-3 days about the big investment groups. These two stories mention the same company, Waypoint, but from different angles: WaPo: http://www.washingtonpost.com/business/2012/03/31/gIQAVOgDoS_story.html N. Y. Times:...
Lower-End Coverage Requested
A warm thank you to the 179 people who have participated in the survey so far! Many have commented that the videos are worthy, and it would be beneficial if they were easier to watch (HD, no mumbling, slow down, more captions, etc.). Several have noted that more...
Bubbleinfo Survey 2
I remarked in the last radio show that I don't have much of a feel for the audience, given the anonymous nature of blogging and the internet. I am fine with it being anonymous, I don't need to know who you are - but I'd like to get more input about what you want from...