California Celebrity Homes
Soccer star David Beckham and his wife finally purchased a $22 million home in Beverly Hills, according to a report by The Los Angeles times. The Beckhams decided on a 13,000-square-foot, H-shaped home, reminiscent of Italian villa. The house sits on an acre of land with city and ocean views.
Celebrity Homes for Sale: Michelle Branch, Beverly D’Angelo : Move … – Move.com Trends real estate blog covers topics such as home ownership, neighborhoods, home technologies, and celebrity homes.
Canada, eh?: Celebrity homes – 12 Days of Christmas – Day 6 · Celebrity homes · Mug Shot of the Week · 12 Days of Christmas – Day 5 · Toronto’s murder rate down in 2008 but shootings a… Heil Happy birthday Baby Hitler! 40 inspirational film speeches in 2 minutes …
CalFinder Remodeling Blog » Celebrity Homes’ Scoop – Something that adds interest to celebrity homes is that they often have more resources to spend than the “average bear,” and taking a peek into the lives of the rich and famous is all the more interesting for that. …
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This is the result of cooking the books to give home loans to people who otherwise couldn’t even get a car loan. The lenders and the borrowers are equally to blame. They created the bubble that burst- and who are the true victims?– those of us who could actually qualify for the loan and are still making house payments and homes that are rapidly depreciated due to the crooks and liars who cooked the books.
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A house is WORTH what you can sell it for. Since it is virtually impossible to sell a house today, it’s WORTH is obviously less that the asking price.
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“They’re not making any more land”, “It’s different in (insert your city)”, “everyone wants to live here”, “buy now or be priced out forever”…etc. These are all the lines that the sheeple have bought into from the real estate industry and all their “experts”. Bottom, line: this is the tip of the iceberg. People seem to forget history, and how it has a way of repeating itself. This is not a 1 year “slump”, this is an end to a cycle of people’s pie-in-the-sky attitude about real estate. I cannot wait to buy a house in 3-5 years, when prices are REALLY good. If you buy now, you’re overpaying. Think about it: is 20% off an item that is marked up 400% a good deal?
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Thanks for this information. There have been a number of published studies or reports that there are expected to be more foreclosures in 2009 because of the high number of “exploding type” loans set to go off next year. So predicting exactly when this phase will slow down or come to an end is, therefore, very difficult. We have had a number of students advise they have loans which will “explode” in 2009 and 2010 (it hurts to see this, as most of these folks could have avoided these types of financing deals had they only bothered to learn something about real estate before diving into it without the knowledge they’d most likely have picked up in any good Real Estate Principles course.
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Why do we think jeopardizing our country’s future for short term gain is a good idea? As a whole, Americans live beyond their means and rely on….credit. You can’t expect Uncle Sam to “fix” all of your personal finance problems. Time to let the chips fall where they may…
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When I was buying a house about 4 years ago, you could not believe the zany loans I was offered. Interest only was big then…”all you need is to pay your interest then whatever you can afford on the principle.” Thank god I wasn’t foolish enough to do that; I’d be one of the many in foreclosure now.
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Most of you are conditioned sheeple. The majority of homeowners did not buy in the last 3 years. The majority of homeowners have plenty of equity in their homes. It’s a very small group in trouble. Those in trouble will become renters again. Owners with equity will buy up most the foreclosed homes. Renters: look for the notice that your rent is going up. The rich get richer the poor get poorer. Pay attention.
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“We’re nearing a plateau” – this is wishful and dangerous thinking. We’re not even halfway through the subprime resets, and starting next year a wave of even more toxic Option ARMS will start resetting. Home prices will be falling for the next 10 years. Buy a home to ENJOY if you must, but don’t look at it as a get rich quick investment.
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