Reflating the housing bubble hurts homebuilders - OC Housing News
by golfplan18
on 3 Dec 2014
Posted 9 years ago
http://ochousingnews.com/blog/ Lenders, the government, and the federal reserve reflated the old housing bubble and priced out the buyers homebuilders counted on for sales growth. Source: http://ochousingnews.com/blog/ #housing
golfplan18
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The fantasy of looser lending standards provides false hope for 2015
by golfplan18 on 1 Dec 2014 Posted 9 years ago
http://ochousingnews.com/blog/ Everyone in the real estate industry is hopeful for a better 2015. Financial media panders to this hope with stories of looser credit standards. Source: http://ochousingnews.com/blog/ #housing
by golfplan18 on 1 Dec 2014 Posted 9 years ago
http://ochousingnews.com/blog/ Everyone in the real estate industry is hopeful for a better 2015. Financial media panders to this hope with stories of looser credit standards. Source: http://ochousingnews.com/blog/ #housing
Wave of HELOC resets to cause 400% increase in delinquency - OC Housing News
by golfplan18 on 30 Nov 2014 Posted 9 years ago
http://ochousingnews.com/blog/ When a HELOC recasts to a higher payment, borrowers default at rates four times larger than normal. Source: http://ochousingnews.com/blog/ #housing
by golfplan18 on 30 Nov 2014 Posted 9 years ago
http://ochousingnews.com/blog/ When a HELOC recasts to a higher payment, borrowers default at rates four times larger than normal. Source: http://ochousingnews.com/blog/ #housing
Why do lenders and politicians promote HELOC abuse?
by golfplan18 on 25 Nov 2014 3 comments, latest 9 years ago
http://ochousingnews.com/blog/ Lenders profit from consumer debts, politicians gain finance industry donations, and borrowers run personal Ponzi schemes. What could go wrong? Source: http://ochousingnews.com/blog/ #housing
by golfplan18 on 25 Nov 2014 3 comments, latest 9 years ago
http://ochousingnews.com/blog/ Lenders profit from consumer debts, politicians gain finance industry donations, and borrowers run personal Ponzi schemes. What could go wrong? Source: http://ochousingnews.com/blog/ #housing
Should unaffordable housing be a government policy?
by golfplan18 on 26 Nov 2014 1 comment, latest 9 years ago
http://ochousingnews.com/blog/ I used to be thankful for affordable housing for everyone, but then lenders reflated the housing bubble with the government’s blessing. Source: http://ochousingnews.com/blog/ #housing
by golfplan18 on 26 Nov 2014 1 comment, latest 9 years ago
http://ochousingnews.com/blog/ I used to be thankful for affordable housing for everyone, but then lenders reflated the housing bubble with the government’s blessing. Source: http://ochousingnews.com/blog/ #housing
Mel Watt is doing a surprisingly good job - OC Housing News
by golfplan18 on 24 Nov 2014 Posted 9 years ago
http://ochousingnews.com/blog/ Mel Watt receives criticism from both political parties, demonstrating he balances the competing ends, a competent replacement for Ed DeMarco. Source: http://ochousingnews.com/blog/ #housing
by golfplan18 on 24 Nov 2014 Posted 9 years ago
http://ochousingnews.com/blog/ Mel Watt receives criticism from both political parties, demonstrating he balances the competing ends, a competent replacement for Ed DeMarco. Source: http://ochousingnews.com/blog/ #housing
Short sale tax relief is free money to HELOC abusers - OC Housing News
by golfplan18 on 23 Nov 2014 1 comment, latest 9 years ago
http://ochousingnews.com/blog/ Many borrowers spent their home equity during the housing bubble, and now they want income tax relief on the money they spent as income. Source: http://ochousingnews.com/blog/ #housing
by golfplan18 on 23 Nov 2014 1 comment, latest 9 years ago
http://ochousingnews.com/blog/ Many borrowers spent their home equity during the housing bubble, and now they want income tax relief on the money they spent as income. Source: http://ochousingnews.com/blog/ #housing
Existing house sales decline 5% in West despite low rates - OC Housing News
by golfplan18 on 20 Nov 2014 4 comments, latest 9 years ago
http://ochousingnews.com/blog/ Plagued by affordability problems, the Western US endured a 5% decline in home sales in October 2014. Source: http://ochousingnews.com/blog/ #housing
by golfplan18 on 20 Nov 2014 4 comments, latest 9 years ago
http://ochousingnews.com/blog/ Plagued by affordability problems, the Western US endured a 5% decline in home sales in October 2014. Source: http://ochousingnews.com/blog/ #housing
Robo-signer redux: first the house, now the money - OC Housing News
by golfplan18 on 19 Nov 2014 Posted 9 years ago
http://ochousingnews.com/blog/ Fannie Mae attempts collection on old bad debts, which were often associated with robo-signed foreclosures. Source: http://ochousingnews.com/blog/ #housing
by golfplan18 on 19 Nov 2014 Posted 9 years ago
http://ochousingnews.com/blog/ Fannie Mae attempts collection on old bad debts, which were often associated with robo-signed foreclosures. Source: http://ochousingnews.com/blog/ #housing
Renters can acquire wealth as well as homeowners - OC Housing News
by golfplan18 on 18 Nov 2014 Posted 9 years ago
http://ochousingnews.com/blog/ Renters who save and invest can acquire wealth just as well as homeowners who rely on their house as their biggest asset. Source: http://ochousingnews.com/blog/ #housing
by golfplan18 on 18 Nov 2014 Posted 9 years ago
http://ochousingnews.com/blog/ Renters who save and invest can acquire wealth just as well as homeowners who rely on their house as their biggest asset. Source: http://ochousingnews.com/blog/ #housing
With the foreclosure crisis past, why are foreclosures rising? - OC Housing News
by golfplan18 on 17 Nov 2014 2 comments, latest 9 years ago
http://ochousingnews.com/blog/ The financial media perpetuated the fantasy that the foreclosure crisis is past. Now, can-kicking ends and foreclosures rise once again. Source: http://ochousingnews.com/blog/ #housing
by golfplan18 on 17 Nov 2014 2 comments, latest 9 years ago
http://ochousingnews.com/blog/ The financial media perpetuated the fantasy that the foreclosure crisis is past. Now, can-kicking ends and foreclosures rise once again. Source: http://ochousingnews.com/blog/ #housing
3% down mortgage announcement more sizzle than meat - OC Housing News
by golfplan18 on 16 Nov 2014 Posted 9 years ago
http://ochousingnews.com/blog/ Mel Watt’s announcement of 3% down loans pandered to left-wing constituents, but credit standards haven’t changed, and some lenders won’t offer it. Source: http://ochousingnews.com/blog/ #housing
by golfplan18 on 16 Nov 2014 Posted 9 years ago
http://ochousingnews.com/blog/ Mel Watt’s announcement of 3% down loans pandered to left-wing constituents, but credit standards haven’t changed, and some lenders won’t offer it. Source: http://ochousingnews.com/blog/ #housing
Socialist solutions to housing affordability problems suck - OC Housing News
by golfplan18 on 13 Nov 2014 1 comment, latest 9 years ago
http://ochousingnews.com/blog/ Socialists want to regulate outcomes and deny or ignore the forces of markets. Their solutions to difficult housing problems are dangerously foolish. Source: http://ochousingnews.com/blog/ #housing
by golfplan18 on 13 Nov 2014 1 comment, latest 9 years ago
http://ochousingnews.com/blog/ Socialists want to regulate outcomes and deny or ignore the forces of markets. Their solutions to difficult housing problems are dangerously foolish. Source: http://ochousingnews.com/blog/ #housing
More homeowners restart personal Ponzi schemes - OC Housing News
by golfplan18 on 12 Nov 2014 2 comments, latest 9 years ago
http://ochousingnews.com/blog/ As home prices go up, homeowners can’t resist tapping their home equity to restart their personal Ponzi schemes. Source: http://ochousingnews.com/blog/ #housing
by golfplan18 on 12 Nov 2014 2 comments, latest 9 years ago
http://ochousingnews.com/blog/ As home prices go up, homeowners can’t resist tapping their home equity to restart their personal Ponzi schemes. Source: http://ochousingnews.com/blog/ #housing
realtors predict rising house sales and rising mortgage rates - OC Housing News
by golfplan18 on 11 Nov 2014 1 comment, latest 9 years ago
http://ochousingnews.com/blog/ The National Association of realtors predicts home sales will rise in 2015 despite rising mortgage rates — not going to happen. Source: http://ochousingnews.com/blog/ #housing
by golfplan18 on 11 Nov 2014 1 comment, latest 9 years ago
http://ochousingnews.com/blog/ The National Association of realtors predicts home sales will rise in 2015 despite rising mortgage rates — not going to happen. Source: http://ochousingnews.com/blog/ #housing
Pressure will mount to lower FHA insurance fees to revive house sales
by golfplan18 on 10 Nov 2014 1 comment, latest 9 years ago
http://ochousingnews.com/blog/ Record low first-time homebuyer participation and low savings rates will force bureaucrats to lower the FHA insurance premium to stoke demand. Source: http://ochousingnews.com/blog/ #housing
by golfplan18 on 10 Nov 2014 1 comment, latest 9 years ago
http://ochousingnews.com/blog/ Record low first-time homebuyer participation and low savings rates will force bureaucrats to lower the FHA insurance premium to stoke demand. Source: http://ochousingnews.com/blog/ #housing
Was the $9 billion Chase settlement paid to conceal fraud? - OC Housing News
by golfplan18 on 9 Nov 2014 1 comment, latest 9 years ago
http://ochousingnews.com/blog/ The US Justice Department used the threat of whistleblower testimony to extort an additional $6 billion out of JP Morgan Chase. Source: http://ochousingnews.com/blog/ #housing
by golfplan18 on 9 Nov 2014 1 comment, latest 9 years ago
http://ochousingnews.com/blog/ The US Justice Department used the threat of whistleblower testimony to extort an additional $6 billion out of JP Morgan Chase. Source: http://ochousingnews.com/blog/ #housing
The 6 most unusual and bearish features of the housing recovery
by golfplan18 on 6 Nov 2014 2 comments, latest 9 years ago
http://ochousingnews.com/blog/ The most unusual and bearish features of the housing recovery include the following: 20-year lows in home ownership 6-year lows in home sales 30-year lows in first-time homebuyer ...
by golfplan18 on 6 Nov 2014 2 comments, latest 9 years ago
http://ochousingnews.com/blog/ The most unusual and bearish features of the housing recovery include the following: 20-year lows in home ownership 6-year lows in home sales 30-year lows in first-time homebuyer ...
Republican victories may doom mortgage finance reform - OC Housing News
by golfplan18 on 5 Nov 2014 Posted 9 years ago
http://ochousingnews.com/blog/ If Republicans take initiative and find common ground among themselves concerning mortgage finance reform, it’s unlikely Obama would sign the legislation. Source: http://ochousingnews.com/blog/ #politics
by golfplan18 on 5 Nov 2014 Posted 9 years ago
http://ochousingnews.com/blog/ If Republicans take initiative and find common ground among themselves concerning mortgage finance reform, it’s unlikely Obama would sign the legislation. Source: http://ochousingnews.com/blog/ #politics
Greenspan: Ending stimulus to cause turmoil in real estate markets
by golfplan18 on 4 Nov 2014 Posted 9 years ago
http://ochousingnews.com/blog/ Alan Greenspan thinks it’s impossible for the federal reserve to remove stimulus without disrupting asset prices in real estate and other markets. Source: http://ochousingnews.com/blog/ #housing
by golfplan18 on 4 Nov 2014 Posted 9 years ago
http://ochousingnews.com/blog/ Alan Greenspan thinks it’s impossible for the federal reserve to remove stimulus without disrupting asset prices in real estate and other markets. Source: http://ochousingnews.com/blog/ #housing
Non-resident homeowners should be taxed heavily - OC Housing News
by golfplan18 on 30 Oct 2014 24 comments, latest 9 years ago
http://ochousingnews.com/blog/ Foreign and non-resident owners who view houses as an investment bid up prices in local real estate markets and price out local residents. Source: http://ochousingnews.com/blog/ #housing
by golfplan18 on 30 Oct 2014 24 comments, latest 9 years ago
http://ochousingnews.com/blog/ Foreign and non-resident owners who view houses as an investment bid up prices in local real estate markets and price out local residents. Source: http://ochousingnews.com/blog/ #housing
First-time homebuyer participation hits three-decade low - OC Housing News
by golfplan18 on 3 Nov 2014 Posted 9 years ago
http://ochousingnews.com/blog/ Both resales and new home purchases by first-time homebuyers are well below historic norms. What does that mean for the future of housing? Source: http://ochousingnews.com/blog/ #housing
by golfplan18 on 3 Nov 2014 Posted 9 years ago
http://ochousingnews.com/blog/ Both resales and new home purchases by first-time homebuyers are well below historic norms. What does that mean for the future of housing? Source: http://ochousingnews.com/blog/ #housing
Are evil landlords capriciously evicting hapless renters? - OC Housing News
by golfplan18 on 2 Nov 2014 Posted 9 years ago
http://ochousingnews.com/blog/ Banks allow delinquent borrowers to squat long-term and offer special deals to gain some payments. Are landlords evil for evicting their deadbeats? Source: http://ochousingnews.com/blog/ #housing
by golfplan18 on 2 Nov 2014 Posted 9 years ago
http://ochousingnews.com/blog/ Banks allow delinquent borrowers to squat long-term and offer special deals to gain some payments. Are landlords evil for evicting their deadbeats? Source: http://ochousingnews.com/blog/ #housing
Is the housing hangover cure more stimulants or more jobs? - OC Housing News
by golfplan18 on 29 Oct 2014 Posted 9 years ago
http://ochousingnews.com/blog/ When the interest rate stimulus ended in mid 2013, sales slumped. Does the market need a dose of low rates, or should we wait for jobs to improve ...
by golfplan18 on 29 Oct 2014 Posted 9 years ago
http://ochousingnews.com/blog/ When the interest rate stimulus ended in mid 2013, sales slumped. Does the market need a dose of low rates, or should we wait for jobs to improve ...
How to save money for a down payment to buy a house - OC Housing News
by golfplan18 on 28 Oct 2014 2 comments, latest 9 years ago
http://ochousingnews.com/blog/ Soaring rents is preventing people from saving for a down payment, but saving is a critical first step to become a home owner. Source: http://ochousingnews.com/blog/ #housing
by golfplan18 on 28 Oct 2014 2 comments, latest 9 years ago
http://ochousingnews.com/blog/ Soaring rents is preventing people from saving for a down payment, but saving is a critical first step to become a home owner. Source: http://ochousingnews.com/blog/ #housing
A fixed cost of housing is the best reason to buy a house - OC Housing News
by golfplan18 on 27 Oct 2014 Posted 9 years ago
http://ochousingnews.com/blog/ Homeowners generally feel more confident in their ability to make ends meet, largely because they fixed their ownership costs long ago. Source: http://ochousingnews.com/blog/ #housing
by golfplan18 on 27 Oct 2014 Posted 9 years ago
http://ochousingnews.com/blog/ Homeowners generally feel more confident in their ability to make ends meet, largely because they fixed their ownership costs long ago. Source: http://ochousingnews.com/blog/ #housing
Young renters see little or no reason to buy a house - OC Housing News
by golfplan18 on 26 Oct 2014 1 comment, latest 9 years ago
http://ochousingnews.com/blog/ With high prices, a perception of high risk, and little appreciation potential, many young renters see little reason to buy a house. Source: http://ochousingnews.com/blog/ #housing
by golfplan18 on 26 Oct 2014 1 comment, latest 9 years ago
http://ochousingnews.com/blog/ With high prices, a perception of high risk, and little appreciation potential, many young renters see little reason to buy a house. Source: http://ochousingnews.com/blog/ #housing
Have lenders purged the Ponzis? - OC Housing News
by golfplan18 on 23 Oct 2014 1 comment, latest 9 years ago
http://ochousingnews.com/blog/ Delinquency rates on consumer loans hit a record low as lenders can-kick legacy loans and tighten standards to eliminate Ponzis. Source: http://ochousingnews.com/blog/ #housing
by golfplan18 on 23 Oct 2014 1 comment, latest 9 years ago
http://ochousingnews.com/blog/ Delinquency rates on consumer loans hit a record low as lenders can-kick legacy loans and tighten standards to eliminate Ponzis. Source: http://ochousingnews.com/blog/ #housing
Regulators capitulate to lending industry lobbyists
by golfplan18 on 22 Oct 2014 Posted 9 years ago
http://ochousingnews.com/blog/ Aligning two sets of mortgage rules established for different purposes, regulators provide room for lenders to make bad loans without risk retention. Source: http://ochousingnews.com/blog/ #housing
by golfplan18 on 22 Oct 2014 Posted 9 years ago
http://ochousingnews.com/blog/ Aligning two sets of mortgage rules established for different purposes, regulators provide room for lenders to make bad loans without risk retention. Source: http://ochousingnews.com/blog/ #housing
The housing market depends entirely on interest-rate stimulus - OC Housing News
by golfplan18 on 21 Oct 2014 Posted 9 years ago
http://ochousingnews.com/blog/ Without affordability products the housing market depends on low mortgage rates for sales to occur at today’s high prices. Source: http://ochousingnews.com/blog/ #housing
by golfplan18 on 21 Oct 2014 Posted 9 years ago
http://ochousingnews.com/blog/ Without affordability products the housing market depends on low mortgage rates for sales to occur at today’s high prices. Source: http://ochousingnews.com/blog/ #housing
As personal finances improve, debt collectors come calling - OC Housing News
by golfplan18 on 19 Oct 2014 1 comment, latest 9 years ago
http://ochousingnews.com/blog/ Lenders didn’t collect on bad debts during the recession when borrowers were broke, but now that personal finances are improving, lenders want their money. Source: http://ochousingnews.com/blog/ #housing
by golfplan18 on 19 Oct 2014 1 comment, latest 9 years ago
http://ochousingnews.com/blog/ Lenders didn’t collect on bad debts during the recession when borrowers were broke, but now that personal finances are improving, lenders want their money. Source: http://ochousingnews.com/blog/ #housing
Are the GSEs returning to subprime lending? - OC Housing News
by golfplan18 on 20 Oct 2014 Posted 9 years ago
http://ochousingnews.com/blog/ Mel Watt announced a number of changes designed to loosen the credit box and stimulate lending. This doesn’t mean a return to subprime. Source: http://ochousingnews.com/blog/ #housing
by golfplan18 on 20 Oct 2014 Posted 9 years ago
http://ochousingnews.com/blog/ Mel Watt announced a number of changes designed to loosen the credit box and stimulate lending. This doesn’t mean a return to subprime. Source: http://ochousingnews.com/blog/ #housing
Los Angeles County Housing Market News: October 2014
by golfplan18 on 19 Oct 2014 Posted 9 years ago
http://ochousingnews.com/blog/ Historically, properties in this market sell at a 9.5% discount. Today’s discount is 11.7%. This market is 2.1% undervalued. Median home price is $475,200 with a rental parity ...
by golfplan18 on 19 Oct 2014 Posted 9 years ago
http://ochousingnews.com/blog/ Historically, properties in this market sell at a 9.5% discount. Today’s discount is 11.7%. This market is 2.1% undervalued. Median home price is $475,200 with a rental parity ...
Will the CAr 2015 housing market sales forecast be way off? - OC Housing News
by golfplan18 on 16 Oct 2014 Posted 10 years ago
http://ochousingnews.com/blog/ The California Association of realtors housing market sales forecasts for 2013 and 2014 were way off. How bad will their 2015 miss be? Source: http://ochousingnews.com/blog/ #housing
by golfplan18 on 16 Oct 2014 Posted 10 years ago
http://ochousingnews.com/blog/ The California Association of realtors housing market sales forecasts for 2013 and 2014 were way off. How bad will their 2015 miss be? Source: http://ochousingnews.com/blog/ #housing
Is real estate the best asset class for the 21st century? - OC Housing News
by golfplan18 on 15 Oct 2014 Posted 10 years ago
http://ochousingnews.com/blog/ Will continuing population growth and shortages of housing and farmland make real estate the asset class to invest in during this century? Source: http://ochousingnews.com/blog/ #housing
by golfplan18 on 15 Oct 2014 Posted 10 years ago
http://ochousingnews.com/blog/ Will continuing population growth and shortages of housing and farmland make real estate the asset class to invest in during this century? Source: http://ochousingnews.com/blog/ #housing
Slow wage growth limits house price appreciation - OC Housing News
by golfplan18 on 14 Oct 2014 1 comment, latest 10 years ago
http://ochousingnews.com/blog/ The fundamental driver of home price appreciation is wage growth, and the housing market is stalling due to slow wage growth and weakness of the US economy. Source: ...
by golfplan18 on 14 Oct 2014 1 comment, latest 10 years ago
http://ochousingnews.com/blog/ The fundamental driver of home price appreciation is wage growth, and the housing market is stalling due to slow wage growth and weakness of the US economy. Source: ...
Chronic shortages of housing supply inflates California house prices
by golfplan18 on 21 Aug 2014 4 comments, latest 10 years ago
http://ochousingnews.com/blog/ Empowered by State regulations, local development opposition groups prevent construction of much-needed home supply creating shortages that inflate prices. When any commodity is in short supply, prices tend ...
by golfplan18 on 21 Aug 2014 4 comments, latest 10 years ago
http://ochousingnews.com/blog/ Empowered by State regulations, local development opposition groups prevent construction of much-needed home supply creating shortages that inflate prices. When any commodity is in short supply, prices tend ...
Is housing headed for another stimulus hangover? - OC Housing News
by golfplan18 on 13 Oct 2014 Posted 10 years ago
http://ochousingnews.com/blog/ Housing hits another weak patch as investors balk at high prices. Will housing see another decline similar to 2008 or 2011? Source: http://ochousingnews.com/blog/ #housing
by golfplan18 on 13 Oct 2014 Posted 10 years ago
http://ochousingnews.com/blog/ Housing hits another weak patch as investors balk at high prices. Will housing see another decline similar to 2008 or 2011? Source: http://ochousingnews.com/blog/ #housing
Mortgage standards of 1990s were normal and prudent - OC Housing News
by golfplan18 on 13 Oct 2014 5 comments, latest 10 years ago
http://ochousingnews.com/blog/ Lenders retreated to the normal, safe and prudent lending standards of the 1990s in the wake of the housing bust. Source: http://ochousingnews.com/blog/ #housing
by golfplan18 on 13 Oct 2014 5 comments, latest 10 years ago
http://ochousingnews.com/blog/ Lenders retreated to the normal, safe and prudent lending standards of the 1990s in the wake of the housing bust. Source: http://ochousingnews.com/blog/ #housing
Desperate Baby Boomers need Millennials to buy homes - OC Housing News
by golfplan18 on 8 Oct 2014 30 comments, latest 10 years ago
http://ochousingnews.com/blog/ Baby boomers need Millennials to buy their houses at inflated values to fund the boomer’s retirements. Source: http://ochousingnews.com/blog/ #housing
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by golfplan18 on 8 Oct 2014 30 comments, latest 10 years ago
http://ochousingnews.com/blog/ Baby boomers need Millennials to buy their houses at inflated values to fund the boomer’s retirements. Source: http://ochousingnews.com/blog/ #housing
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