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
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
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
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
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
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
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
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
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
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
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 ...
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
How to save money for a down payment to buy a house - OC Housing News
by
golfplan18
on 28 Oct 2014
2 comments, latest
10 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
Young renters see little or no reason to buy a house - OC Housing News
by
golfplan18
on 26 Oct 2014
1 comment, latest
10 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
10 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
As personal finances improve, debt collectors come calling - OC Housing News
by
golfplan18
on 19 Oct 2014
1 comment, latest
10 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
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: ...
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
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
Is California housing overvalued or merely as expensive as usual?
by
golfplan18
on 7 Oct 2014
1 comment, latest
10 years ago
http://ochousingnews.com/blog/ Whether one considers SoCal markets overvalued or fairly valued depends on how fair value is measured. Source: http://ochousingnews.com/blog/ #housing
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