california: No word can explain the current LA real estate market. - 06/02/09 06:18 PM
I went back to California from Texas. It has been one month for me to personally submerge into the current Los Angeles real estate market. A refreshment?!
I swear to myself that I would not say anything before I have some ways to get along with the market. … (3 comments)
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california: Do You Expect This: A Californian City House May Be Sold For 1 Percent of Its Peak Price? - 08/23/08 08:32 PM
Wow, what a surprise today I encountered! One thousand dollars for this California city house? Is this a joke? Is this a reckoning day? Am I kidding?
No, there is no typo. This house is absolutely not in Michigan or Ohio where a house sold for $1,000 is no surprise; it … (6 comments)
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california: Can You Buy This Californian 1989 Half Million House For $150K? - 07/08/08 04:18 PM
Public Facts:
Single family
4 beds
3.0 bath
2,171 sqft
Lot 8,000 sqft
Built in 1989
Zestimate Information
Zestimate: $545,000
30-day change: -$13,000
Value Range: $463,250 - $577,700
Last updated: 07/07/2008
Market Value Change
* The navy blue line is for the value of … (1 comments)
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california: Foreclosure Is Good Stuff for a Market, Isn't It, Marissa? - 05/09/08 07:04 PM
A Funny World (25): God gives you a chance to stand up again
Lucrative Grim Repo Man is Product of Economic RecessionBy Marissa BlaszkoStaff Writer
**** **** ****
My dear Marissa:
Listening to what you said: "I don't have any idea how you managed to misinterpret that article so … (1 comments)
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california: A Funny World (17): Your Tent City? Or My Tear City? - 12/25/07 10:01 PM
Christmas, 2007
Tent city in suburbs is cost of home crisis
By Dana Ford
ONTARIO, California (Reuters) - Between railroad tracks and beneath the roar of departing planes sits "tent city," a terminus for homeless people. It is not, as might be expected, … (9 comments)
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california: A Funny World (16): Why ASK Lender's Mercy? Why Don't You Do Lender a Favor? - 12/23/07 01:12 PM
When Is it a good Idea to Consider a Deed-In-Lieu of Foreclosure
Decisions. Decisions. Decisions. If you are late on your payments and are trying to think of some options as to what you can do to avoid foreclosure, here are some options:
Repayment Plan Reinstatement Forebearance or Loan Modification Agreement … (6 comments)
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california: A Funny World (15): Bonuses or Bearshit? - 12/22/07 11:19 AM
Bonuses on Wall Street surge 14 percent :
Four of the biggest U.S. investment banks - Goldman Sachs Group Inc., Morgan Stanley, Lehman Brothers Holdings Inc. and Bear Stearns Cos. - will pay out about $49.6 billion in compensation this year.
Thain won't get a year-end bonus since he took the job on … (0 comments)
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california: A Funny World (14): Sun Goes Up? Or Not? - 12/18/07 03:04 PM
As foreclosures mount, tenants suffer
You've got to figure, these banks are in California, they've got a gazillion properties, they think on a national scale." - Joseph Petrocelli, owner of New England Property Solutions, a company that's hired by mortgage companies to handle the sale of foreclosed properties. Petrocelli was commenting on … (1 comments)
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california: A Funny World (12): Action with Result or Inaction to Nothing? - 12/16/07 12:02 AM
A Funny World (11): Housing Price Down Or NOT?
4 days ago, Warren Buffett attended Hillary's presidential fund-raiser party in San Francisco. They made some very funny statements that gave me a lot of laugh all day long. But here I will share you guys just one argument.
When Warren talked about "US … (1 comments)
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california: A Funny World (11): Housing Price Down Or NOT? - 12/14/07 01:42 PM
The Dumbest Thing Said Yet About the Housing Debacle
Housing prices aren't falling. Only the prices of houses that are being sold are falling. Prices have not fallen for those who have not sold their houses.
Every bubble spawns a certain amount of idiocy, but some ideas are so ludicrous, you have to … (0 comments)
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california: A Funny World (9): Some Win and Some Lose All the Times - 12/07/07 03:44 PM
Bonus Time
Well, supposed someone's crying is heard well enough? Did our great politicians listen? Yes, they did or they won't come up the B.B. "freeze" loan program. As my dean who graduated from Oxford U. taught us that it is a "American Circus" when he compared ours to the British cabinet system. Mrs. Clinton and Mr. … (2 comments)
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california: A Real Case (III-1): It Takes FIVE Minutes to Close a Real Estate Deal - 12/06/07 05:14 PM
Can we close a RE deal in hours or shorter?
A Real Case (III): No Upset Housing in Some Areas of Southern California?
12-06-2007 16:20
Just got back home and receive an email alert from an asset management. Here it is:
Now, the listing price is $550K. Take 10% off to reach its … (1 comments)
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california: A Funny World (8): Bubble Turn Into Double (Play or Cross)? Hope It's Not Trouble - 12/05/07 10:55 PM
* In order to better understand this article, please also check my article Who's crying so loud out there?
* The following news is worth my effort to copy its whole content here for your big laughing and then keep go on reading my comment on it if you want.
UPDATE 1-Mistakes … (2 comments)
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california: Who's crying so loud out there? - 12/05/07 01:01 PM
The blood on Greenspan's hands
The former Federal Reserve chief now admits there is a housing bubble, yet he still refuses to take the blame he so richly deserves, By Bill Fleckenstein
******* ****** *******
Hi! Bill,
Be nice to an old gentleman Mr. G, Okay? Keep in mind that he used to be one of … (1 comments)
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california: Zero Brian, Zero Solution - 12/04/07 10:04 AM
This is a revised version of my argument in response to an article "Treasury's Subprime Rate Plan is a Great Big Zero"written by David J. Merkel, CFA, FSA, a leading commentator at RealMoney.com.
In David's article, there are two arguments:
1) Paying the mortgage payment is not the problem here; it … (0 comments)
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california: A Funny World (6-1): Talker with Lips, Doer with LPs - 12/01/07 08:59 AM
HELP! I'm Facing Foreclosure!
I really enjoy Jaclyn's post. After exchange viewpoints with her, she inspired me so much brain storming that gives a birth this article "Talker with lips, Doer with LPs." Before I put it into a real one from a draft, I would like to share your guys the exchanges. I will … (4 comments)
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california: Great to Have Such a Great Economist at Yale?!!!!! - 11/29/07 07:04 AM
Home prices take steeper downturn
Median or Average Housing Price: Totally Junk To a REO Investor (I)
I read the CNNmoney report above right after Dr. Shiller has his press release conference.
It is very hard for me to accept that Shiller Index is the most reliable vehicle to judge the trend of … (1 comments)
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california: A Funny World (4): You Be the Judge? Where is the Real Judge? - 11/28/07 09:00 PM
You Be the Judge - Real Estate Killeen TX
November 28, 2007
Hi! Mary Ann:
I read your post that is 3 month old. Maybe you have an answer already.
I am just wondering how come nobody responds to your post as mine.
My answer is this: Let it go as the buyer wants.
Why? … (0 comments)
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california: A Funny World (1): Holly See or Holly Shit? - 11/24/07 01:07 PM
Are You A Real Estate Contrarian Investor?
Governor Schwarzenegger Lobbies Congress for California Homebuyer Assistance
****** ******* *******
I admit that I am a book warm. I read a lot of enlightening articles every day. So many articles inspired me so much yesterday that I would like to write an article entitled: "From K to … (2 comments)
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california: American Poor Folk's Egold Is Up - 11/23/07 01:12 PM
I got into AR two weeks ago. I have a lot of fun. But there is something missing: excitement for challenges!
So I decide to start a new group: APFE. Here, I invite everybody who dare to have a big dream even he or she is cash-poored.
No person shall be treated … (4 comments)
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