real-estate

At this point seeing housing prices drop isn’t a shock.  What should be a shock and revelation to everyone is the extent of the damage the bubble has caused in certain areas.  This trauma can only be measured now that we are seeing foreclosures spring up and we are realizing what peak prices were paid […]

Today we are going to highlight the story of a home in Santa Monica that chronicles 15 years of Los Angeles County housing history.  A home that has experienced two housing bubbles and is still feisty and hungry for another one.  For a city with 91,124 people, you would think given the media coverage that […]

You may recall that in the distant past (Monday) the House of Representatives voted in a decent margin to say no to the housing bailout bill.  So after a 777 point market smack down, economic fear mongering, and polling politicians found out that Americans don’t like the sound of the word “bailout.”  So from now […]

Lehman Brothers, an investment bank that dates back to 1850, prior to the Civil War has now filed for bankruptcy.  A storied institutions that has survived two World Wars, the Great Depression, and practically every other calamity in its 158-year history is no longer solvent.  As of 1am on September 15, 2008 the investment bank […]

You would think that given the magnitude and sheer size of the Fannie Mae and Freddie Mac bailout that Americans would at least be more curious about the formula as to how this thing is going to unfold.  [Cue the Crickets].  Instead, the public is focused on the “shiny things” once again like someone suffering […]

88 cities are in the county of Los Angeles.  The most populace of these cities is of course Los Angeles with approximately 3.8 million people.  However, the second largest city is Long Beach with 466,718 people making it the 5th largest city in California.  Keep in mind that the county of Los Angeles […]

It has been one week since Pasadena based IndyMac Bank was taken over by the FDIC. After the market closed on Friday, the FDIC had assumed control over the troubled institution which was the second largest bank failure in history with assets totaling $32 billion. Initially, since it had been a very long […]

Affordable housing and California usually are not used in the same sentence. Whenever people think of California I can assure you that affordable housing is not the first thing that pops into their mind. Yet there may be a positive aspect to the current housing bubble bursting and that may include more affordable […]

Predicting future prices is a dangerous game. Trying to predict peak prices during a mania is like predicting the future behavior of an insane person. By definition their nature is not predictable and thus trying to determine what they’ll do tomorrow may be a fruitless exercise. Yet now that we are slowly […]

California, the epicenter of the housing bubble is facing difficult times. It is becoming rather apparent that this housing bubble has the risk of causing a worldwide recession. It is hard to imagine until you look at the facts how this bubble got out of hand so quickly. The foreclosure problem is […]