How many stories do we need to say that, prices are down, 2009 is going to be AWFUL! and that if you can hold off buying for another six months, you are going to get a deal? OK, here goes, from the Wall Street Journal: In October, six metro areas showed annual price drops of [...]
Filed under: Foreclosure Fever, The Market | Tagged: Case-Shiller, prices, San Francisco | Leave a Comment »
I was watching way too many Depression documentaries this weekend — have you noticed the History Channel and PBS are airing them? PBS’s was much better, including the idea of hte “penny auctions” when neighbors would show up at a foreclosure auction and purposely keep the bids low, even pushing away outsiders. Oh, that was [...]
Filed under: Foreclosure Fever | Tagged: Depression, foreclosure, History Channel, Miami, New Deal, PBS | Leave a Comment »
Not that I believe everything I read, but Ron Lieber of the New York Times seems to think that now’s the time to buy that first house. Hmm, coming hard on the heels of the Chronicle’s latest cheerleading for houses under $100K — it may seem as if the world is conspiring against you to buy, [...]
Filed under: Foreclosure Fever, Price Check, The Market | Tagged: $100K, Chronicle, REO, Times | Leave a Comment »
The Los Angeles Times wrote about Angelica Maciel, a young woman who was “priced out” of Santa Ana, an Orange County enclave, but finally bought a little two-bedroom bungalow for $270,000 — or the price of a condo. There’s still plenty of suffering, and more on the horizon. An additional 261 Santa Ana houses went [...]
Filed under: Foreclosure Fever, The Market | Tagged: Antioch, brentwood, dataquick, Hayward, Orange County, Santa Ana | Leave a Comment »
For those interested in taking part of State Attorney General Jerry Brown’s lawsuit against Countrywide’s alleging “deceptive” business practices, take heart! We have the information you need: Consumers who believe they have been victimized by Countrywide Consumers should file a complaint by contacting the Attorney General’s Public Inquiry Unit in writing at Attorney General’s Office [...]
Filed under: Foreclosure Fever, Home Base, Mortgage Mania | Tagged: attorney general, Brown, Countrywide, mortgage, Mozilo | Leave a Comment »
