patrick.net

1.) I recently went on vacation to the island of Kauai. The area between Princeville and Hanalei bay had many, many houses for sale.

2.) An associate of mine recently told me that, their parents had to file for bankruptcy, and they are in Menlo park. The bank foreclosed on their primary residence in Menlo Park, as well as some "investment" properties in Redwood city. Apparently BK in CA doesn't always force the bank to re-fi your house, so the Trustee was able to sell the house to the Trustees Realtard friend.

3.) I spoke with my bank clerk recently... the bank has a sign advertising a 1.5% APR. The clerk said this was for a HELOC. (I was shocked), she continued to explain that many small business owners in the area, take out HELOC on their homes to finance their business operations ( A business loan can run 10% if you can get one)

I have also noted an uptick in signs for houses for sale in Mountain View. Not all are moving in 3 days.

Again, all anecdotal observations.

#housing