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Chronicling ‘the seventh circle of real estate hell’ since September 2006. |
based on editor's review
![]() Editor reviews are provided by professional editors who evaluate a blog based on the following criteria: Frequency of Updates, Relevance of Content, Site Design, and Writing Style.
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On the 5Apr 16, 2009
The way Irvine was planned, there are residential properties very close to the freeways. How much of a discount would you require to live on the 5?
Asking Price: $650,000
Address: 28...
Where Did You Spend the Eve of the Millennium?Apr 10, 2009
Where did you spend the eve of the Millennium? I proposed to my wife on December 31, 1999, in today’s featured property.
Asking Price: $815,000
Address: 6 Rocky Knoll St #3, Irvine,...
Our First Bear Rally?Apr 6, 2009
Prices rose in March in Orange County for the first time in nearly two years. Don’t worry, it won’t last. This is not the bottom, although several of our prominent local bottom-callers may...
Responsible Homeowners are NOT Losing Their HomesMar 30, 2009
One of the biggest myths of the real estate bubble is that responsible homeowners are losing their homes; they are not.
Today’s featured property is owned by HELOC abusers who already took...
Fear Is Gripping the MarketMar 27, 2009
Back in September of 2007, I asked the question in a post Is Fear Gripping the Market? Fast-forward to 2009, and I think it is safe to say that fear rules the day.Â
Today’s featured property...
Should You Walk Away from Home Debt?Dec 21, 2009
For many underwater homeowners, walking away from their mortgage debt is the best financial decision; however, most will not walk away from their mortgages. Enough borrowers will default to make a steady stream of properties like today's.
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IHB News 12-19-2009Dec 19, 2009
I hope you are enjoying your pre-holiday weekend. Are you finished shopping for the holidays? Spend or save -- what's an American supposed to do?
Irvine Home Address ... 41 GILLMAN St Irvine, CA 92612
Resale Home Price ...... $510,000
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Maximizing Home OwnershipDec 18, 2009
It is long-standing government policy to maximize home ownership, but is that really a good idea?
Irvine Home Address ... 30 GRAY DOVE Irvine, CA 92618
Resale Home Price ...... $909,000
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Unemployment and ForeclosuresDec 17, 2009
As unemployment keeps rising so will foreclosures; in fact, foreclosures will not peak until well after unemployment does.
Irvine Home Address ... 35 POTOMAC Irvine, CA 92620
Resale Home Price ...... $599,999
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Lenders Can Hold Real Estate IndefinitelyDec 16, 2009
Did you know that the only pressure on lenders to dispose of their real estate owned comes from shareholders?
Irvine Home Address ... 15 MORRO BAY Irvine, CA 92602
Resale Home Price ...... $1,629,000
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