Some of this stuff you simply cannot makeup. At this point, I think the majority of folks have come to realize that any legislation trying to help homeowners and lenders is guided by politics rather than good economics. There is a fascinating incident that occurred where our favorite CEO appears to have [...] Related Posts: ■ Digging into Countrywide: When Half Your Loans are in California and Florida. ■ The Housing Wave of the Future: Two Main Mortgage Tsunamis. ■ Foreclosures jump statewide by 40% in California in just one quarter! Welcome to California’s Gold! ■ When will my home cost me an ARM and a leg? ■ What really goes on with Black-matter SIVs. A Micro-case study. My Experience with Prosper and how it is Similar to the Current Mortgage Debacle.

Over the past week, so much has been thrown back and forth over the “bitter” comments Senator Obama made about small town Americans in Pennsylvania. When I first heard of this while flipping through the radio news circuit, I wondered to myself, “what in the world did he say?” Bitter this and bitter [...] Related Posts: ■ Real Homes of Genius: Today We Salute you Huntington Park. Tweedledum and Tweedledee of housing. $500,000 Homes in Wonderland. ■ The Evolution of the Los Angeles Housing Bubble. 50 Years in Perspective. ■ Housing Voyeurism: What Kind of Housing Personality are You? ■ What goes up must eventually come down. Especially when going up consisted of using Houdini like smoke and mirrors. ■ Dissecting a County of 10,000,000 People: The Housing Demographics of Los Angeles.

The market had a capitulation event this week. The Dow Jones Industrial Average fell 507 points to 12,099 essentially wiping out a year of gains. While Boom Boom Bernanke left the alter of Fed-speak and practically told the market that we are in a world of hurt in a moment of candor, it [...] Related Posts: ■ Real Homes of Genius: Today We Salute you Artesia. 626 Square Feet of Barbie Love for $360,000. ■ The Invisible Mortgage Hand: Analysis of a Society That Forces You Into Debt. ■ Real Homes of Genius: Today we Salute you Downey. $270,000 off Peak! ■ Real Homes of Genius: Today we Salute you Lawndale. $529,900 to $454,900 in 2 Months. Breaking the Speed Limit of Cost Cutting! ■ A Trip down the Housing Graveyard: The Casualties of the Housing Bear Market.

Ayn Rand must be rolling in her grave after Alan Greenspan’s recent comments regarding the housing market. For those of you who don’t know, Alan Greenspan was heavily influenced by the novelist and philosopher Ayn Rand. Part of the “Class of 43” Greenspan supposedly followed the principles of lassiez-faire capitalism, individual rights, and [...]

Driving around this weekend, I was listening to a local real estate radio show that I’m sure many of you have heard. One of the calls again demonstrates that we are nowhere near the bottom of this housing bonanza. The call went as follows and I do paraphrase: Host: “How can we help [...]

There once was a boy named Tim who lived in a small rural town in the United States.  Tim had ambition and dreams larger than any town could contain.  In fact, it was well known that when Tim was only seven years old, he sold lemonade via IOUs with a 10 percent note to thirsty [...]

As human nature would have it, we love hearing stories in narrative form. From our evolutionary history, story telling has always been a way of passing on the past to future generations. We are good at this. In fact, that is why we thrive in reading novels and movies with a consistent [...]

As Dorothy and her entourage approach closer to unveil the mortgage Wizard of Oz, everyone is doing their best impression of Baghdad Bob on the housing yellow brick road. “Please turn your heads, there is nothing to see here,” states the embattled mortgage lenders. Of course they need to hold up this front [...]