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Layout Changes

I’m working on a new layout for the blog. Hopefully I’ll make the changes in early May. Thanks to all who have commented before (I’ve been sharing the proposed layout in the comments). There is still more to do, but here is a preliminary layout - all comments are appreciated.Best to all, CR

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  26 April, 2008| housingblogs | Comments (0) admin @ 22:41
Angelo Mozilo is a pig. One more time - Angelo Mozilo is a big fat pig.


Original Source: bp3.blogger.com


  26 April, 2008| housingblogs | Comments (0) @ 21:48
What do I do now?

The "Ideas" thread has gotten pretty long, [Sometime I’ll get around to starting a new one.] so when I get a good comment like this on it, I think it’s worth a post.  hpylori2 asks:
I would love ideas from the group…I (my wife included)made a huge mistake and moved to Miami December of 2006 and bought a house.  We hated it and moved back to Denver (I would prvide more sordid details about the whole process but it would serve no purpose)…Given the housing slump, I cannot sell the house and I cannot afford to continue paying my mortgage…what would you do in my situation?…
Original Source: housingdoom.com


  26 April, 2008| housingblogs | Comments (0) @ 21:24
WOT 4-26-2008

Free Money — Patti Smith
 
Every night before I go to sleepFind a ticket, win a lottery,Scoop the pearls up from the seaCash them in and buy you all the things you need.Every night before I rest my headS…
Original Source: www.irvinehousingblog.com


  26 April, 2008| housingblogs | Comments (0) @ 20:35
Roubini on CNBC

Roubini writes: [On CNBC] I fleshed out my arguments on why the US recession will be severe and protracted, lasting four to six quarters…. later in the CNBC program Nobel Prize winner Joe Stiglitz explicitly agreed with my view that this will be the worst U.S. recession since the Great Depression. In some ways Stiglitz was even gloomier than I have been….
Original Source: feeds.feedburner.com/CalculatedRisk


  26 April, 2008| housingblogs | Comments (0) @ 19:46
The Pride Of Ownership Is Gone In California

The Used House Salespeople report from California. “Home sales decreased 24.5 percent in March in California compared with the same period a year ago, while the median price of an existing home fell 29 percent, the C.A.R. reported. ‘The lack of available funds for loans, even for qualified buyers, continues to keep the demand side of the market thin, and enables buyers with financing (or all cash) to exert leverage over sellers,’ said said C.A.R. Chief Economist Leslie Appleton-Young.”

Original Source: thehousingbubbleblog.com


  26 April, 2008| housingblogs | Comments (0) @ 19:40
Milken Conference: Where is the Real Estate Bottom?

I will be attending the Milken Institute Global Conference on Monday April 28th. There are a couple of sessions of special interest related to real estate:Real Estate: Where Is the Bottom? 9:35 AM - 10:50 AM (PT) (includes Sam Zell)The Future of the Mortgage Market: Where Do We Go FromH…
Original Source: feeds.feedburner.com/CalculatedRisk


  26 April, 2008| housingblogs | Comments (0) @ 18:21
April 26 Week Ending Stats

Inventory is continuing to rise, however, not at the pace that it was in March. According to this realtor’s website, there are currently 4070 active listings in Greater Victoria. This is around 200 more than at the end of March. In comparison, the month of March saw an increase of around 350 listings on their website.Today, there are 137 more SFH listings on MLS than on the 29th of March. The greatest increase in listings has been for SFH priced higher than $700k. There have been comments on the incredible number of listings with asking prices higher than $1 million. Today, there are 248 of such listings. Crazy!…
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  26 April, 2008| housingblogs | Comments (0) @ 17:36
Do you watch housing porn? Do your friends and family use housing porn? Does it make you feel dirty?

By the way, on this house, I’d pay $120,000. Tops.Now I need to go take a shower.

Original Source


  26 April, 2008| housingblogs | Comments (0) @ 16:55
It’s Not A New Phenomenon

Readers suggested a topic around the growing number of foreclosures. “Let’s talk about squatters The societal implications of having this in your family history. The financial implications of being one. The moral implications. The physical ones (no lawn mowing?). The emotional implications. The implications for neighbors of squatters. What about squatters with nice paid-for vehicles? Would there be a backlash from others who have high mortgages?”

Original Source: thehousingbubbleblog.com


  26 April, 2008| housingblogs | Comments (0) @ 15:29
It’s Not A New Phenomenon

Readers suggested a topic around the growing number of foreclosures. “Let’s talk about squatters The societal implications of having this in your family history. The financial implications of being one. The moral implications. The physical ones (no lawn mowing?). The emotional implications. The implications for neighbors of squatters. What about squatters with nice paid-for vehicles? Would there be a backlash from others who have high mortgages?”

Original Source: thehousingbubbleblog.com


  26 April, 2008| housingblogs | Comments (0) @ 15:29
Tree of the Week: The Blue Gum

G41ezgkeAlways welcome after a week of dreary news on housing and the economy: Pieter Severynen’s "Tree of the Week." Enjoy.

The Blue Gum —…
Original Source


  26 April, 2008| housingblogs | Comments (0) @ 13:51
Bits Bucket And Craigslist Finds For April 26, 2008

Please post off-topic ideas links and Craigslist finds here.

Original Source: thehousingbubbleblog.com


  26 April, 2008| housingblogs | Comments (0) @ 13:09
Miss Busta and the Death of Satire

Regulars may remember this little post about Accredited Home Lender’s new Chief Advisor of Things Both Relevant and Interesting in the Non-Conforming Loan Market, Miss Busta.Well, Miss Busta’s website is up and running. I confess to complete and utter disappointment; after the build-up in the announcement email, I really expected this to be funnier:D…
Original Source


  26 April, 2008| housingblogs | Comments (0) @ 12:57
Call centers in India now calling down-on-their-luck American debtors

When I first moved to Phoenix in the mid-90’s, the place was swarming, and I mean SWARMING, with call centers. Someone find me a stat, but I’d bet call centers were 10% of the workforce and 30% of the new jobs….
Original Source


  26 April, 2008| housingblogs | Comments (0) @ 7:49
The special liquidity scheme is state aid

Perhaps it is just wishful thinking, but the Bank of England’s £50 billion special liquidity scheme might run into trouble with the European Union. The EU has tough rules on state aid, which forbids governments from using taxpayer’s resources to prop up ailing domestic industries. …
Original Source: bp0.blogger.com


  26 April, 2008| housingblogs | Comments (0) @ 5:39
Why the housing crisis will be worse "out there"

216333e
There is a lively debate on this blog and elsewhere about whether the foreclosure crisis will make its way from the hardest hit areas — the Palmdales and Lancasters — into the center of Los Angeles. My suspicion is that the eye of the housing storm won’t move much. Yes, the economic weather will worsen all over L.A., foreclosures will rise. But the most severe economic damage will take place in newer, recently built, far-flung communities that have already been hammered. And not just because of the bursting of the housing bubble.

Original Source


  26 April, 2008| housingblogs | Comments (0) @ 5:36
Northwest At Risk Of Price Declines

National City released its fourth quarter 2007 report last month and it offered a chilling look at Oregon’s metro areas.Metro areas in the Northwest seem to be the remaining pockets of froth,coincident with robust economies but at risk of price declines goingforward……Bend Oregon tops the overvaluation list….
Original Source: feeds.feedburner.com/portlandhousingblogspot


  26 April, 2008| housingblogs | Comments (0) @ 5:35
Major Land Partnership in Default

From the WSJ: Calpers-Linked Land Partnership Gets Default Notice A large California land partnership involving one of the largest U.S. pension funds has received a notice of default on a $1 billion loan after failing to meet certain terms of its lenders.LandSource Communities Development LLC, a partnership that involves the California Public Employees’ Retirement System, received the default notice Tuesday, amid talks to restructure $1.24 billion of debt. The partnership … owns 15,000 acres in Southern California ……
Original Source


  26 April, 2008| housingblogs | Comments (0) @ 4:30
Lula’s Restaurant Grand Opening - April 25, 2008

Basil Chicken PaniniThe Taos Chamber of Commerce sent me an email about the grand opening of Lula’s, and I’m certainly glad I made it over there this afternoon. It’s in the old Pizza Emergency location, but the ambiance is quite different. I don’t know decor, but I liked the color and glass tables. Art on the walls was quite interesting.

Original Source: farm3.static.flickr.com


  26 April, 2008| housingblogs | Comments (0) @ 0:59

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