We live in (A California city). In a 2 bedroom 1 bath home on approximately a 20,000 Sq. ft. lot. It is easily worth 500K to 600K with a current mortgage of $116,000. The mortgage/Title is in the name of my father and his wife 90% and myself and my wife with a 10% interest. …
Continue reading “Issues with Family Transfers of Real Estate”
Is there any problems with having all your money in only real estate? That was a question I saw. The answer is YES there are problems! 1) No diversification. The real estate market tanks, like it has right now (originally written 2006), and you are hosed. The more so because of the leverage attaching to …
(This was originally written February 16, 2006, but it’s relevant still) One of the occasional questions I get from people has to do with why the housing bubble got so big (or if you’re one of those still in denial about it, how prices jumped so far so fast). This has to do with several …
Continue reading “Fear and Greed, or How Did The Housing Bubble Get So Big?”
I’ve seen many new home developments with vaulted ceilings, mini-vineyards, huge houses on little tiny lots…Why can’t some developer built some homes for us regular people?A normal sized home with plenty of closet space and a decent (not designer) kitchen that is set more than 3 feet from the neighbors house.I realize that they need …
Continue reading “Why the Current State of New Developer Housing”
<blockquote> Hi–I just found your site today. The best I’ve ever seen/read, etc. Thank You!! I do have a question I didn’t see addressed regarding our current situation/dillemma: Our present home, which we’ve lived in for 8 years, is worth around $180,000 (yes, it’s a small town…), and we owe $105,000. My husband has been …
One of the most common things I’m seeing as I roam about the East County looking for bargains: Agents not doing their jobs. Now single family detached homes that are priced appropriately are selling, and for appropriate prices, even at 37 sellers per buyer. Condominiums aren’t moving unless they are brand new with lots of …
Continue reading “Time for Listing Agents To Earn Their Money”
I sold my house in (state) in august 2001 I hired a title attorney whose (local company X) acted as a agent for (national company Y). The facts are that there were errors and omissions which led to negligence in the performance at the closing of the property. The property taxes for the year 2000 …
Continue reading “Unpaid Liens After The Sale, and Subrogation”
I saw your article on on Searchlight Crusade about exclusive buyers agents and I have a couple follow up questions pertaining to my own situation that I am hoping you could shed some light on. I don’t have any buyers agent (currently). However I have spotted 2 houses in an area that I think I …
Continue reading “Facts Of Life On Buying and Selling “Without an Agent””
Is there any program that i can qualify for a home with no down payment? Lots of them. We may not be talking number of grains of sand on the beach or drops of water in the ocean, but there are more ways to get get into a property with no down payment than most …
Continue reading “100% Financing: Buying A Home With Zero Down Payment”
Continued from Part 1: Preparation and Part 2: Process This is about the long term consequences of the decision to buy or not to buy a home, and economic benefits analysis into whether you should want to buy. In order to answer the question of whether it’s better to buy or rent and invest the …
Continue reading “Should I Buy A Home? Part 3: Consequences”
