Housing Blogs
housing, mortgages…
RSS | Visita nuestra web 
- Question: Why would you keep making payments on $500,000 mortgage for a home now only worth $300,000? Answer: You don’t. Only a fool would do that.
-
It makes ZERO financial sense to stay in a home that’s crashed in value, if you owe significantly more than the home is worth.But still, it must feel so wrong to just walk away. Good honest people, professionals, folks who’d never ever think of filing for bankruptcy or welching on a debt. But they’re doing the math, facing the reality, and smartly walking away now….
Original Source: housingpanic.blogspot.com
-
31 August, 2008| housingblogs |
Comments (0) @ 23:43
- And now, this election is officially a joke. At least to John McCain it is. HousingPANIC calls for John McCain to end the Sarah Palin charade. Now.
-
The GOP ticket is now a joke, and a worldwide laughingstock.They should step aside. Both of them.Delegates to the GOP convention should mount an insurrection.John McCain has taken the American people, and the people of his own party, as fools.Watch this McCain interview, on Fox News of all places, and you’ll understand. The GOP did the right thing and had Bush withdraw the laughably unqualified Harriet Miers as Supreme Court nominee. The adults in the GOP should do the same thing with Palin. It’s cruel what McCain is doing to Palin. He’s putting her out there to be destroyed. He should be a man and end this charade himself….
Original Source: housingpanic.blogspot.com
-
31 August, 2008| housingblogs |
Comments (0) @ 23:23
- Don’t Worry, There’s a PLAN
-
I’ve seen CR refer to some of the woes/speculation regarding the future for Lehman Bros; news today from the WSJ says that CEO Richard Fuld is a man with a plan. Er, or at least, we think so:
The Wall Street firm run by Chief Executive Officer Richard Fuld is still hammering out the final details and it isn’t clear when a plan will be unveiled. One sticking point: finding financing in this…
Original Source: http://feeds.feedburner.com/CalculatedRisk
-
31 August, 2008| housingblogs |
Comments (0) @ 12:20
- It’s A Mountain Of Foreclosures In California
-
The North County Times reports from California. “Some homeowners in the area have gone months without paying their mortgages and have yet to receive a foreclosure notice; a development that suggests banks are overloaded and that also might mean foreclosure reports are understating the region’s housing crisis. Since January, more homes entered foreclosure than were sold to new buyers, according to monthly reports from several data firms. But even that rate probably fails to include all the distressed homeowners.”
…
Original Source: thehousingbubbleblog.com
-
31 August, 2008| housingblogs |
Comments (0) @ 9:42
- Poll: McCain / Obama: Does it really matter vis-à-vis the housing meltdown?
-
Please vote in this poll using the sidebar.
This poll will be active and displayed on the sidebar through 09.07.2008.
…
Original Source: http://feeds.feedburner.com/SeattleBubble
-
31 August, 2008| housingblogs |
Comments (0) @ 9:00
- To live and blog in Hemet: Renovating a "brick house"
-
I was snooping around Kate in the Valley’s blog the other day, checking up on Sherman Oaks listings, and Kate recommended a very cool blog about interior design and home remodeling, so I’ll pass it on.
…
Original Source: feeds.latimes.com
-
31 August, 2008| housingblogs |
Comments (0) @ 8:12
- Alabama County Faces Bankruptcy
-
Talk about being in the sewer. I lived in Orange County,CA in 1994 when the county went bankrupt; now that BK’s standing as the largest municipal bankruptcy in U.S. history is being threatened by Jefferson County, Alabama. Over sewer bonds. $3.2 billion of them, to be exact:
Alabama’s largest county offered a plan Friday to restructure its $3.2 billion sewer debt and, at least for now, put off…
Original Source: http://feeds.feedburner.com/CalculatedRisk
-
31 August, 2008| housingblogs |
Comments (0) @ 7:12
- Taos Real Estate Inspectors
-
First, it is important that you know that home inspection is not a licensed activity in New Mexico. Thus you can find varying levels of ability and expertise. Also, since Taos is such a small area and a bit remote, we do not have a large selection of inspectors. Some are members of certification associations, some are not. Always ask if they have some type of Errors and Omissions Insurance. The inspectors below are, to my knowledge, a complete list working in the Taos Multiple Listing Service area. …
Original Source: http://feeds.feedburner.com/TaosRealEstate
-
31 August, 2008| housingblogs |
Comments (0) @ 7:03
- Bits Bucket For August 31, 2008
-
Please visit the HBB Forum. Post off-topic ideas, links and Craigslist finds here….
Original Source: thehousingbubbleblog.com
-
31 August, 2008| housingblogs |
Comments (0) @ 4:25
- Our work here is nearly done. HousingPANIC (the blog) will end on November 5, 2008
-
Longtime HP’ers know there were a few main reasons for this blog:1) To warn others of what was about to come2) To expose the lies of realtors and the REIC and our leaders in DC…
Original Source: housingpanic.blogspot.com
-
31 August, 2008| housingblogs |
Comments (0) @ 3:25
- What should America do with all the homes in hurricane and flood zones as climate change just gets worse and worse?
-
Eventually people living on the coasts, and in homes under sea level, will not be able to get private insurance. That day will come sooner than you think.Then the question will be - should taxpayers foot the bill for people to live in places where hurricanes and flooding will continue to destroy their homes, year after year after year?…
Original Source: housingpanic.blogspot.com
-
30 August, 2008| housingblogs |
Comments (0) @ 23:14
- Gustav takes aim at N’awlins, oil prices
-
(Note: CR is off hiking, and asked me to help with guest posts. For those who don’t know, I run HousingWire when I’m not helping out friends. Anything you want discussed, feel free to shoot an email to pjackson@housingwire.com…..)
Hurricane Gustav is shaping up to be a real problem for the Gulf Coast. Per weather.com, it’s now very dangerous Cat 4, and will likely become a Cat 5 hurricane…
Original Source: http://feeds.feedburner.com/CalculatedRisk
-
30 August, 2008| housingblogs |
Comments (0) @ 18:23
- Let them eat cake.
-
A helpful hint to the GOP and their spinmeisters:Postpone your convention. You do NOT want images on Monday night of Bush, Cheney and rich white folks partying it up on the anniversary of your Katrina clusterf*ck, as a new and more powerful hurricane Gustav slams into the Louisiana coast.Trust me….
Original Source: housingpanic.blogspot.com
-
30 August, 2008| housingblogs |
Comments (0) @ 16:23
- HousingPANIC Stupid Question of the Day - Travel Edition
-
1) Do you have a passport?2) What countries have you visited?3) If money were no object, in which country would you like to live?4) Do you feel travel enriches your life?5) Would you like to travel more?6) What is your favorite city in the world?
…
Original Source: housingpanic.blogspot.com
-
30 August, 2008| housingblogs |
Comments (0) @ 13:11
- Open Thread 8-30-2008
-
The End — John Clinebell
Today’s featured song was sent by a local musician who is an avid reader of the blog. I bet you can guess his name…
The crash at the end of a speculative bubble can be brutal. So far, the price decline in Irvine has been measured and orderly compared to the drops in less desirable markets. I was recently looking at properties in the Palm Springs market, and I found some of the new neighborhoods that were the carnage is simply breathtaking. Check out some of these listings at around 50% off their new home sales price of 2 years ago:
…
Original Source: http://feeds.feedburner.com/IrvineHousingBlog
-
30 August, 2008| housingblogs |
Comments (0) @ 12:30
- A Decade of Slow Growth: Why the United States will Face a Decade of Economic Stagnation and Face a L Shaped Recession. 10 Charts and Pictures as to Why This will Occur.
-
Given the recent positive reading for GDP, some are now doubting that we will even face a recession. This of course is a misnomer and most average Americans realize that our country finds itself in a very tenuous situation. It is very easy to brush off the current talk of economic malaise as simply another business cycle unwinding yet this time there are many fundamental circumstances that simply make this situation a very unique beast.
…
Original Source: feedproxy.google.com
-
30 August, 2008| housingblogs |
Comments (0) @ 10:26
- Great Balance Sheet! Strong Earnings!
-
A pet peeve of mine is analysts. When is the last time you heard one of them speak about cash flows other than in passing? If you do not address the components of the Statement of Cash Flows, you cannot opine on the strength of the Balance Sheet or Earnings. What’s the problem? The Statement of Cash Flows is conceptually difficult to grasp as it’s traditionally taught. The statement might be…
Original Source: http://feeds.feedburner.com/CalculatedRisk
-
30 August, 2008| housingblogs |
Comments (0) @ 7:53
- Tree of the week: Italian stone pine
-
Good morning Mark Sanchez, on this, the first Saturday of the 2008 college football season. By my reckoning, this fall will mark Pieter Severynen’s sixth season of providing us with his weekly appreciation of the trees that make Los Angeles into one of the world’s great urban forests. Thank you, Pieter….
Original Source: feeds.latimes.com
-
30 August, 2008| housingblogs |
Comments (0) @ 7:50
- And then the British, having caused a historic European-wide speculative housing orgy, finally realized that the chickens are coming home to roost
-
“We’ve got our work cut out. The conditions are arguably the worst they’ve been in 60 years. And I think it’s going to be more profound and long-lasting than people thought.”…
Original Source: housingpanic.blogspot.com
-
30 August, 2008| housingblogs |
Comments (0) @ 6:59
- Why are regulators always behind?
-
Here’s an article featuring regulators reacting to 3 to 5 year-old news.
http://www.bloomberg.com/apps/news?pid=20601068&sid=aBDDcYvIKUdE&refer=economyI have some observations about regulators:
1. They are retstrained by Congressional inaction or mission statements.
2. They are not actively in the marketplace, so they miss the first signs of trouble. More than a year ago, a retail store owner…
Original Source: http://feeds.feedburner.com/CalculatedRisk
-
30 August, 2008| housingblogs |
Comments (0) @ 6:46