Another skim of the usual myths to justify whether people should buy a home now:
Buy Or Not?
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Month: May 2012
More Grow Houses
From the nytimes.com: VALLEJO, Calif. — On a suburban block with six family homes, palm trees and views of the surrounding green hills, nothing at 110 Windsor Court stood out. Its occupants, who had moved into the foreclosed house a few years earlier, were quiet...
FHA Foreclosures
The FHA foreclosures are likely to be picking up steam. The authorities must know it too, because now they are doling out the REO listings to the usual suspects, instead of a centralized approach. Back in the day, you had to have a special FHA-REO lockbox key! These...
Homesquatters Bill of Rights
At least there will be rules - from the utsandiego.com: A set of proposed laws that aim to protect California homeowners from foreclosure abuses is working its way through the Legislature. Two key pieces of legislation in that package, widely called the "Homeowner...
Soul Survivor
Another installment of my conversation with Bill D:
CV on Canyon
If you can live with a smaller house and desire a premium setting in Carmel Valley, check this:
‘Not Worth All This Hassle’
From the UT: A politician who went to prison 20 years ago in one of Arizona’s most notorious public-corruption cases has apparently been practicing real estate in San Diego County for almost 14 years, using his son’s clean record to get a license. Donald James Kenney,...
Hay
From cnnmoney.com: The thick walls of this post and beam home are insulated with stacked bales of hay, a material so effective that no heating system is needed.
“Collective Euphoria”
From HW: The meltdown of the U.S. housing finance system resulted from overly optimistic views on home prices as opposed to a type of gross negligence in the mortgage industry, a new Federal Reserve Bank of Boston report concluded. The report attacks several common...
No Tsunami Yet
From the wsj.com: For at least the last six months or so, a lot of people were talking about a “new wave” of foreclosures threatening to smother the U.S. housing market in gloom once again. The reasoning was that because of the “robo-signing” scandal, and the...
