golfplan18

United States, joined 2011 Mar 30   Has 1 follower.   Is following 0.
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threads pinned by golfplan18
authored 115 comments and 963 threads

golfplan18's threads


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Shiller explains why owner-occupied housing is a poor investment
by golfplan18 on 7 Feb 2013   127 comments, latest 7 years ago
http://ochousingnews.com/news/ Despite the fact that house prices crashed, wiped out millions of loanowners, and wiped out the illusory equity of an entire generation, people persist in believing owner-occupied housing ...

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Did Obama reverse 100 years of housing policy by saying nothing?
by golfplan18 on 23 Jan 2015   Posted 9 years ago
http://ochousingnews.com/blog/ The US needs to rethink it’s policies toward home ownership and housing subsidies. Some are suggesting Obama’s silence signals a radical change. Source: http://ochousingnews.com/blog/ #politics

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Why do homebuilders consume so much optimistic bullshit? - OC Housing News
by golfplan18 on 22 Jan 2015   1 comment, latest 9 years ago
http://ochousingnews.com/blog/ Homebuilders believe the feel-good nonsense printed in trade journals and industry media outlets and often rely on this information to make bad decisions. Source: http://ochousingnews.com/blog/ #housing

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Mortgage insurance companies sue former homeowners - OC Housing News
by golfplan18 on 21 Jan 2015   1 comment, latest 9 years ago
http://ochousingnews.com/blog/ Mortgage insurers have the right to collect from former homeowner on losses the mortgage insurer incurred in a foreclosure. Source: http://ochousingnews.com/blog/ #housing

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Has the OC Housing market peaked for this cycle? - OC Housing News
by golfplan18 on 20 Jan 2015   Posted 9 years ago
http://ochousingnews.com/blog/ The OC housing market faces a potential price decline caused by of rising mortgage rates and an influx of must-sell inventory from Chinese buyers. Source: http://ochousingnews.com/blog/ #housing

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Bullish on economy, cautious on housing - OC Housing News
by golfplan18 on 19 Jan 2015   Posted 9 years ago
http://ochousingnews.com/blog/ 2015 will finally be the year the economy recovers to near full strength. The only weak point will the ongoing slow growth in housing. Source: http://ochousingnews.com/blog/ #housing

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It costs too much to live in California - OC Housing News
by golfplan18 on 9 Jan 2015   10 comments, latest 9 years ago
http://ochousingnews.com/blog/ The cost of living in California is so high many lower-income people are leaving the state. Source: http://ochousingnews.com/blog/ #housing

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Lingering debt from the housing bust weakened the economy - OC Housing News
by golfplan18 on 16 Jan 2015   Posted 9 years ago
http://ochousingnews.com/blog/ Excessive debt created during the housing bubble is preserved on banker’s and homeowner’s balance sheets providing a deflationary overhang to the US economy. Source: http://ochousingnews.com/blog/ #housing

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Wealthy Russians dump high-end US real estate - OC Housing News
by golfplan18 on 15 Jan 2015   5 comments, latest 9 years ago
http://ochousingnews.com/blog/ As foreign investors need cash to solve domestic problems, they often dump real estate investments in prime US housing markets. Source: http://ochousingnews.com/blog/ #housing

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Super Liens disrupt lender can-kicking bad mortgage loans
by golfplan18 on 14 Jan 2015   Posted 9 years ago
http://ochousingnews.com/blog/ Lenders avoid foreclosure to avoid recognizing losses on their bad loans. The new super priority liens threaten lender’s ability to kick the can. Source: http://ochousingnews.com/blog/ #housing

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Affordable housing subsidies are grossly unfair - OC Housing News
by golfplan18 on 13 Jan 2015   Posted 9 years ago
http://ochousingnews.com/blog/ Subsidies for affordable housing elevates many low wage earners into home ownership at the detriment of someone who makes more money. Source: http://ochousingnews.com/blog/ #housing

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Will the latest loan innovation destabilize the housing market? - OC Housing New
by golfplan18 on 12 Jan 2015   Posted 9 years ago
http://ochousingnews.com/blog/ The 15-year amortizing mortgage holds the promise of increased equity and sustainable ownership for low-income borrowers, assuming they can finance enough to buy a house. Source: http://ochousingnews.com/blog/ #housing

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Speculative business investment opportunity with large cash returns
by golfplan18 on 11 Jan 2015   1 comment, latest 9 years ago
http://ochousingnews.com/blog/ $3,000 minimum investment, $150,000 maximum investment, 25% anticipated cash returns, three to five year holding period, potential risk of 100% loss. Source: http://ochousingnews.com/blog/ #housing

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Lowering FHA insurance fees will spur the housing market - OC Housing News
by golfplan18 on 8 Jan 2015   3 comments, latest 9 years ago
http://ochousingnews.com/blog/ Reduced borrowing costs increases the size of the buyer pool by pricing in marginal buyers thus stimulating demand. Source: http://ochousingnews.com/blog/ #housing

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Bold California housing market predictions for 2015 - OC Housing News
by golfplan18 on 7 Jan 2015   Posted 9 years ago
http://ochousingnews.com/blog/ The housing market will flourish or flounder depending on mortgage interest rates. Source: http://ochousingnews.com/blog/ #housing

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The inescapable math of higher mortgage rates - OC Housing News
by golfplan18 on 6 Jan 2015   Posted 9 years ago
http://ochousingnews.com/blog/ Higher mortgage rates lower the amounts borrowers can finance; thus rising rates and rising home prices are unlikely in 2015. Source: http://ochousingnews.com/blog/ #housing

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Affordability will be the major housing market issue of 2015 - OC Housing News
by golfplan18 on 5 Jan 2015   Posted 9 years ago
http://ochousingnews.com/blog/ Home price affordability will be the biggest issue in housing in 2015, particularly if mortgage interest rates rise. Source: http://ochousingnews.com/blog/ #housing

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Learn from the pros, case studies from real life real estate series
by golfplan18 on 4 Jan 2015   1 comment, latest 9 years ago
http://ochousingnews.com/blog/ Lessons on buying and selling real estate from a top producer over the last six years. The wrong financing, wrong agent, wrong advisor cost this investor thousands by ...

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Ten ways to protect taxpayers against Ponzis - OC Housing News
by golfplan18 on 1 Jan 2015   1 comment, latest 9 years ago
http://ochousingnews.com/blog/ How do we taxpayers protect ourselves against Ponzi mortgage theft? Source: http://ochousingnews.com/blog/ #housing

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Foreclosure prevention efforts weaken the housing market - OC Housing News
by golfplan18 on 31 Dec 2014   Posted 9 years ago
http://ochousingnews.com/blog/ In the short term, foreclosure prevention laws drive up prices by restricting inventory; however, over the long term these laws drive up lending costs, making houses more costly ...

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California house buyers must time the housing market
by golfplan18 on 28 Dec 2014   5 comments, latest 9 years ago
http://ochousingnews.com/blog/ Due to the volatile nature of California house prices, timing the housing market is something every buyer must consider and understand. #housing

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Thieves of the housing bubble were ordinary people - OC Housing News
by golfplan18 on 30 Dec 2014   Posted 9 years ago
http://ochousingnews.com/blog/ The free money offered during the housing bubble turned many good people into thieves. Source: http://ochousingnews.com/blog/ #housing

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Lenders violate the Sherman Antitrust Act to drive up house prices
by golfplan18 on 29 Dec 2014   2 comments, latest 9 years ago
http://ochousingnews.com/blog/ America’s largest banks engage in anti-competitive practices to drive up the price of housing, and rather than crack down, the government encourages it. Source: http://ochousingnews.com/blog/ #housing

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Bold California housing market predictions for 2014 OC Housing News
by golfplan18 on 1 Jan 2014   6 comments, latest 9 years ago
http://ochousingnews.com/calif Home sales volumes will decline, particularly in the Bay Area and the Inland Empire, largely due to a lack of owner occupant buyers. Failed loan modifications will cause ...

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Rental parity analysis in appraisals would prevent another housing bubble
by golfplan18 on 25 Dec 2014   Posted 9 years ago
http://ochousingnews.com/blog/ Array ( [No Max] => [1 % and More] => -1.00 [2 % and More] => -2.00 [3 % and More] => -3.00 [4 % and More] => ...

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The agony of being underwater in America - OC Housing News
by golfplan18 on 23 Dec 2014   Posted 9 years ago
http://ochousingnews.com/blog/ I am thankful for many things this holiday season, and not being underwater on a mortgage is one of them. Source: http://ochousingnews.com/blog/ #housing

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Should unemployed renters face homelessness while loanowners don't?
by golfplan18 on 22 Dec 2014   1 comment, latest 9 years ago
http://ochousingnews.com/blog/ The fear of homelessness is the essential motivation to get people to work to produce goods and services in our society. Source: http://ochousingnews.com/blog/ #housing

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If mortgage rates rise in 2015, will house prices drop? - OC Housing News
by golfplan18 on 21 Dec 2014   2 comments, latest 9 years ago
http://ochousingnews.com/blog/ If mortgage interest rates move up, either house prices will fall or sales volumes will fall unless wages go up significantly. Source: http://ochousingnews.com/blog/ #housing

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Speculating on negative cashflow properties is for losers - OC Housing News
by golfplan18 on 18 Dec 2014   1 comment, latest 9 years ago
http://ochousingnews.com/blog/ Most real estate investors are really speculators betting on appreciation. It’s a strategy destined to be a loser. Source: http://ochousingnews.com/blog/ #housing

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Lender's fear of strategic default will prevent future housing bubbles
by golfplan18 on 17 Dec 2014   3 comments, latest 9 years ago
http://ochousingnews.com/blog/ Borrowers have moral responsibility to default on loans where the payment on an amortizing mortgage exceeds the cost of a comparable rental. Source: http://ochousingnews.com/blog/ #housing

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Foreclosure and eviction from the American Dream - OC Housing News
by golfplan18 on 16 Dec 2014   Posted 9 years ago
http://ochousingnews.com/blog/ Is foreclosure the end of the American Dream, or is it a fresh start and an opportunity for redemption? Source: http://ochousingnews.com/blog/ #housing

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Mortgage equity withdrawal should be heavily regulated - OC Housing News
by golfplan18 on 15 Dec 2014   Posted 9 years ago
http://ochousingnews.com/blog/ In order to prevent foreclosures and theft of taxpayer money through bailouts, mortgage equity withdrawal should be limited and regulated. Source: http://ochousingnews.com/blog/ #housing

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How to run a personal Ponzi scheme with mortgage debt - OC Housing News
by golfplan18 on 14 Dec 2014   Posted 9 years ago
http://ochousingnews.com/blog/ In its simplest form, a personal Ponzi scheme is borrowing money to pay debt service: acquiring new debt to pay old debt. It’s a path to disaster. Source: ...

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Should bankruptcy judges reduce mortgage principal balances? - OC Housing News
by golfplan18 on 11 Dec 2014   Posted 9 years ago
http://ochousingnews.com/blog/ Lenders argue reducing principal balances in bankruptcy proceedings would increase borrowing costs. The federal reserve disagrees. Source: http://ochousingnews.com/blog/ #housing

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The four fundamentals of housing market prices - OC Housing News
by golfplan18 on 10 Dec 2014   1 comment, latest 9 years ago
http://ochousingnews.com/blog/ There are four fundamentals that determine resale value: borrower income, allowable debt-to-income ratios, interest rates, and down payment requirements. Source: http://ochousingnews.com/blog/ #housing

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Neurotic people prefer to own real estate - OC Housing News
by golfplan18 on 9 Dec 2014   4 comments, latest 9 years ago
http://ochousingnews.com/blog/ The emotional reasons for buying a house are real and valid, and even the most ardent renter should acknowledge them. Source: http://ochousingnews.com/blog/ #housing

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Americans increase debt servitude and restart Ponzi schemes - OC Housing News
by golfplan18 on 8 Dec 2014   Posted 9 years ago
http://ochousingnews.com/blog/ The exciting era of increasing financial freedom through household deleveraging recently came to an end. Source: http://ochousingnews.com/blog/ #housing

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Lingering debt from collapsed Ponzi schemes hinders economic growth - OC Housing
by golfplan18 on 7 Dec 2014   Posted 9 years ago
http://ochousingnews.com/blog/ The economy of the 00s was built on millions of personal Ponzi schemes. The residual debt from their collapse weakens the recovery. Source: http://ochousingnews.com/blog/ #housing

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Renters need more opportunities to build wealth - OC Housing News
by golfplan18 on 4 Dec 2014   Posted 9 years ago
http://ochousingnews.com/blog/ Instead of encouraging home ownership as the best means of acquiring wealth, perhaps government policy should encourage saving and investment among renters. Source: http://ochousingnews.com/blog/ #housing

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If buyer and seller agree, should appraisers hit the number? - OC Housing News
by golfplan18 on 2 Dec 2014   5 comments, latest 9 years ago
http://ochousingnews.com/blog/ Is a house worth whatever a buyer and seller agree upon, or do appraisers have a responsibility to kill deals when the number is too high? Source: http://ochousingnews.com/blog/ ...
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