The original lineup of the Red Devils (from Huntington Beach) included a female lead singer who played rockabilly: http://youtu.be/ryYbUf_8BfQ The guitar and bass players are brothers - later they ditched the girl and teamed up with the drummer from the Blasters in...
Month: October 2013
On The ‘Front
For those looking for a unique oceanfront opportunity at what seems like a reasonable price, check out this house at Moonlight Beach. The Scripps family owned it until 1994, when they sold it for $850,000. This owner paid $3,750,000 cash in 2009: It has been listed...
Short-Sale Bribes
Hat tip to bode for sending this in from the latimes.com: A Bank of America Corp. employee assigned to deal with delinquent mortgages has been arrested on federal charges of accepting more than $1 million in bribes to allow homes to be sold far below their market...
Comps Are Almost Worthless In Boom
Speaking of those high-tech internet tools we use to determine value.... This is from the FHA Underwriting Manual of 1936: 307 (2.) It must be noted, too, that sales prices are of varying usefulness and importance according to the rapidity with which price levels of...
Get Good Help!
The internet dominates the real estate business today, and buyers want to make quick decisions using their favorite web tools. If they do seek advice, are their realtors any better at determining what a house is worth?
Home Auctions
Auction.com is trying to break into the traditional home-selling business. I believe that the open-bidding format is the most transparent home-selling process and will someday have a place at the table. But auction.com comes from the old-fashioned auctioneering...
‘Home Is Not An Investment Vehicle’
Congratulations to Robert Shiller for winning the Nobel Prize! Trish Regan: "Then why buy a home? People trap their savings in a home. They're running an opportunity cost of not having that money liquid to earn a better return in the market. Why do it?" Robert...
Tom Stone
Most of us know our good friend and realtor Tom Stone from www.calculatedriskblog.com, where he has been commenting for years. He also joined us on the Blog Talk radio segment with Bill McBride here at the 61:50-mark (from January, 2012): Check Out Real Estate...
Wallpaper Shrine
This neighborhood supports better quality - there are big bombers on every block. Look at the south end of this street, for example: View Larger Map Unless you are completely in love with this floor plan, wouldn't it be better to start over?
More on Pocket Listings
My contribution to a big article on pocket listings in the OC Register: http://www.ocregister.com/articles/mls-529529-pocket-home.html Other agents say pocket listings are never a good idea. If being on the open market is good enough for Kobe Bryant, arguably the...