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Here is an example of serious price reductions in Malibu. http://www.redfin.com/CA/Malibu/26258-Fairside-Rd-90265/home/6854379 Sales Oct 27, 2004 $427,854 -- Jan 03, 2005 $375,000 -50.7%/yr Dec 06, 2007 $1,250,000 51.0%/yr Current price 699,900 44% off in less...

The price declines in Palm Springs are shocking. Here is a <strong>1991 rollback!</strong> Yes, 1991. http://www.redfin.com/CA/Palm-Springs/481-W-Sunview-Ave-92262/home/6044211

In my seemingly endless analysis and proformas of the housing market, I am looking at the issue of how much of a downpayment to make, assuming someone has much more than 20% down saved (for example the Troughers from an analysis post earlier this week). I'd like any input on personal...

http://www.nytimes.com/2008/08/09/business/09fannie.html "Fannie Mae, the nation?s largest mortgage finance company, offered additional evidence on Friday that the housing slump was deepening by reporting a $2.3 billion loss in the second quarter. The company?s revenue was up slightly...

You might be kissing the drycleaners goodbye too in a few years. My new steam dryer has pretty much gotten rid of the need to dryclean. Instead of two trips, I have none. Business hours? Ha! I used to run a one-person consulting business. Got hired by a client. It's not bad...

As long as you are at the Recorder's office, file a Request for Copy of Notice of Default regarding the house you are in. http://www.ventura.courts.ca.gov/vn193.pdf This will give you early notice if your landlord is running into trouble. Then, you can talk to them or try to straighten...

2009. Market prices are going down pretty fast.

"I'm gorgeous inside" "If you wait until the market value drops below the loan value, the owners won't be willing to sell". While this statement might be true for a particular house, there are other houses and other owners. "Price will drop $25,000 per week until sold" Let me mark my...

<p>Awgee "The banks don't even have enough capital to meet their reserve requirements."</p> <p>Not quite. The problem is the good banks aren't accumulating new capital fast enough to expand fast enough to provide large amounts of new credit to good borrowers. That's one of the reasons for...

<p>"So if the banks can borrow money cheaper then why are mortgage rates going up? "</p> <p>Three primary reasons:</p> <p>1. The Fed sets the short term interest rate. The long term rate can do whatever it wants. The longer term rates have more to do with expected future rates and...

<p>For you lift enthusiasts, they are fairly affordable. One of the common uses, if you have the clearance, is to park one car on the lift and drive another under it. You don't need to modify the garage, as long as it's tall enough.</p>

<p>I have been saving for about 4 years. No problem making a down payment. I'm currently renting a house which we might buy. Market price is around $650k now. It was $839 at the peak. I'm expecting it to go well below $500k next year. I might buy it just before it goes below the current...

I was under the impression that if a buyer wouldn't be able to afford the home they are in even at the current market price, the bankruptcy judge could just compel them to sell it or let the normal foreclosure process take place. It's like declaring bankruptcy and having a new ferrari. You...

I don't think the initial author understands what credit derivatives are. For an overview, seehttp://www.frbatlanta.org/news/conferen/07fmc/07FMC_mengle.pdf

Minimums on auction rate municipals are typically $25,000. Thus, many of the people here can partake. For one of the clearer publicly available sites, google "fidelity auction rate municipals". Click on "current offerings" near the bottom. Go ahead. Stick it to the man. Get your 10%+...

<p>When I used to tell people that I would buy a nice house in Malibu for $700k in 2009, they thought I was insane, or perhaps including mobile homes.</p> <p>Now, they ask once in a while, "Have you found it yet? You might just get a house for that price"</p> <p> </p>