In 2019, there were 7,628,017 single-family homes in California (according to the Census). If 90% are insured, it would be around 6,865,215 households to split the $500 million, or $73 per house. In anticipation of future disasters, just make it $100 per insured house...
This presentation covers both sides of the concerns about home values plunging because of the effects of the pandemic on the economy. Suze says don't buy a house until later this year because there could be foreclosures, and David points out that the CARES Act already...
A viewer's comment on YouTube led me to this terrific inside view of the 2008 financial crisis, and the resulting impact on the world. It rightly blames the entire fiasco on the Tan Man, who pitched his mortgages to Wall Street based on the yields generated if...
How can the market keep going? Generational wealth distribution! Among respondents with an annual income over $100,000 who anticipate familial help with a down payment, the average expected level of support is over $50,000, enough for a 20 percent down payment on the...
Hat tip to daytrip for sending in this article on mortgage forgiveness: http://www.clarionledger.com/story/news/local/2016/05/21/jackson-mayors-mortgage-vanishes-after-election/83615172/ A few weeks after being elected Jackson mayor in 2014, Tony Yarber stood in his...
Collateral damage from the on-going No Foreclosure era - hat tip to Richard! http://www.nytimes.com/2016/05/15/us/las-vegas-squatters-housing-collapse.html LAS VEGAS — On a drive through this desert city, the blight from the housing collapse of eight years ago can be...
More on how the game has changed forever: http://www.housingwire.com/articles/36843-treasury-committing-1-billion-more-to-fight-blight-help-struggling-borrowers?
Hat tip to Eddie89 for sending in this article - he also wondered when we'll see this around here! http://sanfrancisco.cbslocal.com/2016/03/22/250k-per-year-salary-could-qualify-for-subsidized-housing-under-new-palo-alto-plan/ Excerpts: Palo Alto is...
I saw these questions from Ed DeMarco on Twitter. My answers: 1. Have the M.I.D. apply towards primary residence only (not second homes), and lower from $1,000,000 to $500,000. Those buying in hopes of a bigger write off will still buy a house, and take the partial...
From the SD Union-Tribune: http://www.utsandiego.com/news/2015/jun/05/foreclosure-shortsale-boomerang-buyers-real-estate/? An excerpt: When Chad Sanfillipo got the keys to his house in Ramona last year, he had come full circle in the real estate market. After losing...
