Search results

  1. Hormiguero_IHB

    A special presentation: 2008 California wrap-up

    <a href="http://www.dqnews.com/Charts/Monthly-Charts/CA-City-Charts/ZIPCAR.aspx">a rough 2008 for the golden state </a> Well, it isn't any big secret that CA housing got utterly crushed in price this year. I've never been a fan of folks who rubberneck nasty freeway wrecks - I usually give...
  2. Hormiguero_IHB

    LA times big so cal December #s

    <a href="http://www.dqnews.com/Charts/Monthly-Charts/LA-Times-Charts/ZIPLAT.aspx">Here's the big Kahuna, LA, OC, Riv, SB, Ven, Santa Barbara </a> Quite the train wreck, though the total lack of volume on the high end says as much as the disastrous SFR -40% y-o-y medians
  3. Hormiguero_IHB

    OC december #s out

    <a href="http://www.dqnews.com/Charts/Monthly-Charts/OC-Register-Charts/ZIPOCR.aspx">Looks like the median slipped under 400K</a> condos @ 270K. ouch.
  4. Hormiguero_IHB

    the fannie/freddie crowding effect

    I worry that recent actions with the TARP will create a psuedo-GSE fraternity of banks, resulting in a climate where others can't directly compete on any level. FNM and FRE, of course, destroyed the rest of the lending business by both underpricing competition and creating a climate where...
  5. Hormiguero_IHB

    The CA cities October #s are here

    <a href="http://www.dqnews.com/Charts/Monthly-Charts/CA-City-Charts/ZIPCAR.aspx">California Unter Alles</a> <a href="http://www.dqnews.com/Charts/Monthly-Charts/LA-Times-Charts/ZIPLAT.aspx">And here's the LA Times breakdown</a> check out the volume in lancaster and palmdale, and the...
  6. Hormiguero_IHB

    junk bonds

    Do a search in the yahoo finance window for 'high yield' if you're curious about this one. I bought early (as I always do) into JNK, which allows for intraday trading, as opposed to the big Janus and Vanguard funds. In any case, it is certainly interesting that folks are snapping up...
  7. Hormiguero_IHB

    Officially a 'depression'

    I think we can go ahead and use that term without fear of seeming excessively dramatic. I remember, a decade or so ago, looking at the commodity price charts in the mural inside Coit Tower. I never thought we would see it in our day of funny money - at least our xerox money would...
  8. Hormiguero_IHB

    New DQnews october #s

    <a href="http://www.dqnews.com/News/California/Southern-CA/RRSCA081118.aspx">300K on the nose, with sales up 2/3 y-o-y </a> Just think, one more San Berdu REO and we would be at 299,999.99! Or something like that...
  9. Hormiguero_IHB

    Bay Area underwater map

    Kind of a cool graphic: <a href="http://www.sfgate.com/cgi-bin/object/article?f=/c/a/2008/11/12/MNN0142MCG.DTL&o=0&type=realestate">cool sfgate map</a>
  10. Hormiguero_IHB

    The legacy of Salomon Brothers and the current collapse

    Those of you who have read "Liar's Poker" know the story of the invention of securitized mortgages in the early years of the '80s... Now CNBC is reporting that amidst the internal tooth-gnashing and finger-pointing as Citigroup stocks sinks to a market cap under 50 billion, many folks are...
  11. Hormiguero_IHB

    Sacto and local CA govt revenue crisis

    how can a return of barely over 300K state median not mean a massive revenue crisis for every level of our govt? aren't we going to be paying debt on 17 billion dollars of notes over the next year as Arnie finally sabotages the provision against state debt in our constitution once and for all...
  12. Hormiguero_IHB

    june '08 case shiller

    FL, CA and Was DC obscure a national picture which isn't that gloomy. region, may, june phx 157.32 153.19 la 198.59 195.74 sd 178.03 175.37 sf 162.70 159.83 den 129.72 131.64 was 199.24 197.39 mia 193.19 189.87 tam 177.14 175.14 atl 124.33 125.08 chi 149.95 150.25...
  13. Hormiguero_IHB

    reassessment

    I wonder what % of the housing stock in OC will be taxed at a lower value this year? Of course, prop 13 makes this a little interesting. Too bad declining values don't give you a reestablishment of prop 13 basis. They similarly often very little tax benefit when sold at a loss as a...
  14. Hormiguero_IHB

    The remaining bastions of the bulls

    Yes, I know, CS is infinitely better than medians, and this thread could be justifiably accused of cherrypicking... but anywho... http://www.dqnews.com/Charts/Monthly-Charts/CA-City-Charts/ZIPCAR.aspx BEVERLY HILLS 25 $1,580,000 $1,697,500 -6.92% BRENTWOOD 26...
  15. Hormiguero_IHB

    Revisiting the 2005 bankruptcy reform act

    Means Testing The most controversial reform in the Bankruptcy Code lies in the creation of a ?means test? for eligibility to file under Chapter 7. The Act requires a comparison of the debtor?s income to the median income in the individual?s domiciled state. If the debtor?s income is above...
  16. Hormiguero_IHB

    even Zillow is starting to reflect reality!

    http://www.zillow.com/HomeDetails.htm?zprop=25509155 Zillow has this place losing 100K in value and sliding into the lower half of the 300 $/sft range. Either Zillow is getting less optimistic and more accurate in their valuation model or the market really is falling that fast. Or a...
  17. Hormiguero_IHB

    potential indymac collapse, fanny and freddy swoon...

    So, what effect do we see in terms of this on the local real estate market? Doesn't Indymac have an absolutely gigantic inventory of mortgages in Irvine? And what happens if the equity in FRE and FNM totally evaporate?
  18. Hormiguero_IHB

    KRE - harbinger of real estate doom

    I'm sure many readers here scour the intertubes for the latest price and sales info. May I humbly nominate, as my favorite leading indicator, the regional bank etf 'KRE'. In my opinion, KRE will lead real estate medians down, and then, up.
  19. Hormiguero_IHB

    High gas and sprawled-out real estate

    Obviously, this isn't the most original insight, but it seems like the 'new suburban premium' of 5 years ago has almost fully faded away in all parts of California. In much the same way that the prius has replaced the suv as a suburban status symbol, so is the attraction of remote, new...
  20. Hormiguero_IHB

    Citrus Heights squeeze

    <a href="http://www.redfin.com/CA/North-Tustin/2001-Lerner-Ln-92705/home/12225128">http://www.redfin.com/CA/North-Tustin/2001-Lerner-Ln-92705/home/12225128</a> There's no HELOC story as far as I can tell, the property tax is negligible, so it is probably a long-term owner, but it is still...
Back
Top