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el segundo: CAN YOU BELIEVE, “St. GREENSPAN” DIDN’T KNOW? - 09/17/07 10:34 AM
Even Alan Greenspan didn’t realize the danger to the nation’s economy as a result of faulty mortgage loans. As Chairman of the Federal Reserve, wouldn’t mortgage fall under his watch? His explanation is in “Fed Speak,” as are all communications from the Federal Reserve.As I understand it, the idea behind the Federal Reserve is to keep things running smoothly, so banks that are members of the Fed are federally insured, which should be reassuring to depositors. It seems that there were fraudulent practices that were swept under the rug: the Feds ignored, lenders denied, and borrowers are hung out to dry … (3 comments)

el segundo: Chicago Considering Adopting Paris Self-Service Bike Scheme. - 09/13/07 01:44 PM
Chicago? (Kind of hard to get around in the snow with a bike. And the humidity without A.C. might be unbearable at times.) How did the South Bay (So California, USA) overlook this opportunity to put a major dent in the areas of horrendous gas consumption, and to help get the absurd gas guzzling vehicles off the road. After all, who needs $40,000-plus ego satisfying vehicles for transportation? The French know how to do it...small cars are derigueur. (The price of petrol may have something to do with this.)But this aside, bicycles are practical. Parking isn't a problem, the cost of … (4 comments)

el segundo: Some Nice Selections - 05/17/07 05:44 PM
 
I’ve been sending out some of the nice selections locally to a picky market. Hard to figure. People seem to be very selective with no particular reason. Even 4-unit listings are beginning to make an appearance after it seems like a lifetime of sitting in the weeds. Buyers are simply finding it hard to make a buying decision these days. Even the rising prices, and euro’s 36% addition to the dollar have been less detering for US buyers in France, than the attitude created by our mystical press locally. Poor loan availability is understandable...it should have been this way all along. … (0 comments)

el segundo: An El Primero Town - 05/15/07 05:35 PM
 
For a little town with nothing fancy going on, and a few entrances that make it look like a grungy scene from the old ‘78 film noir movie with Robert De Niro, “The Deer Hunter,” El Segundo is slowly becoming an El Primero town with one of a kind restaurants that are not found elseware in So. Cal. Chef Hannes little walk-in spot on Main Street, with two white-linen covered tables on the sidewalk in front, makes anyone who’s been in parts of France find it hard to believe that they’ve not been transported. Waiters fit right in as well. And … (1 comments)

el segundo: Negative Amortization Loan Disclosure. - 04/14/07 02:56 PM
Borderline consumers with low FICOs, No Doc Stated Income Loans etc, who are in need of a loan to make a mortgage loan work, are likely to be approached with a negative amortization loan. Why? It’s simple: the lender is about to make a huge profit from higher interest rates, while the consumer makes payments that are doing nothing to reduce the debt. The rate payed to the bank can be 2-3 percent higher than a conservative 30-year fixed-rate loan at 6 percent. The consumer is allowed to make a lower payment due to the highr interest rate. As the consumer … (5 comments)

 

Robert Kissig

Manhattan Beach, CA

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Real Estate West

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Welcome to the South Bay "The only place to live; friendly neighbors, great beach weather and fabulous restaurants. A unique lifestyle. I was born here...let me show you around."-Robert


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