It’s been said that when residential real estate isn’t doing well, investors turn to commercial. And commercial looks like it might be doing a lot better in the coming months. That’s if you own, rather than rent. If you are renting, save up for your next lease — it’s going to be a doozy! Bill [...]
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Aside from the bad grammar and spelling — what our dear reader is saying is, “Quit making me think!” when s/he would be better off not watching television or reading news, as UCLA Anderson Forecast director Ed Leamer suggested for most homeowners who aren’t selling. Why worry about something that doesn’t concern you? I don’t. [...]
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This house on 450 Taylor Ave. in Alameda seemed really familiar to me until I realized it was a house I looked at in 2005 that had an asking price of $675,000 (only then it was painted blue-gray, I guess the beige paint made it $200,000 more.) According to Zillow.com it was sold just before [...]
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And he does it very well and tongue-in-cheek. Loved the “The rich people have to get richer for the poor people to even stay where they are!” And, of course, it co-stars our friend Jim Cramer. The Daily Show had this to say about subprime lending last week, taking on the accusations that minorities were [...]
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(Graphic courtesy of Countrywide Foreclosures (REO) Blog) According to Countrywide Financial, they now own 2,237 foreclosed properties in California — many of them in Antioch, Brentwood, Sacramento and other places. The link also shows quite a few of the homes have a 10 to 20 percent drop in price. Countrywide arguably was one of the [...]
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I’m still on vacation, but thought I should post this item since it’s soon going to be mainstream news. CNN reported that Wells Fargo is boosting interest rates on jumbo loans (loans over $417,000) from 6.875 to 8 percent. Yet, when I went to the Wells Fargo Home Mortgage Web site, it said the 30-year [...]
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