The Collected Works of Author and Blogger Larry Roberts

Archive for July, 2011

The government has choice to make with its REO. Based on past choices we have seen coming out of Washington, I suspect they will make the wrong choice, but with so much pressure to do the wrong thing, making the right choice is nearly impossible for most politicians. Government Weighs Turning Foreclosures Into Rentals By Nick Timiraos -- July 22, 2011, 11:28 AM ET There’s an 800-pound gorilla in the nation’s hardest-hit housing markets: hundreds of thousands of foreclosed properties are selling, and there’s four times as many potential foreclosures behind them. The Journal writes today that one idea gaining support in Washington is an effort to pull some of those properties off the market and rent them out, either…[READ MORE]

Back in early June, the story broke about how OC realtors seek to silence free speech by accusing IrvineRenter of lying. It set in motion a chain of events which ended in OCAr's dismissing the accusations last week. Events that shape your life Certain events and experiences in life can greatly alter your thinking, your actions, and your destiny. When I was in my first year of junior high, I used to walk over with my friends to a nearby restaurant in the morning before school. One day, a punk two years older than me sent a message that he was going to punch me out when I stepped out the door. His little clique was eagerly standing with him…[READ MORE]

The Real Land Barons of Orange County For those of you uninterested in statistics and heady analysis of housing markets, the rest of this post is a profile of the crumbling property empire of OC Housewife Vicki Gunvalson and her X (or soon to be) husband Donn. The property records show Donn and Victoria Gunvalson owning three properties: 7 SHIRE Coto de Caza, CA 92679 2 Altimira, Coto de Caza, CA 92679 25 Vermillion, Irvine, CA 92603 There is one thing we can be certain of based on the analysis presented above by Global Decision and IHB, the value of the Gunvalson property empire is going down. 2 Altimira, Coto de Caza, CA 92679 This is a property I find…[READ MORE]

Soylent Green Is People's take on the falling conforming limit Will the 2011 Real Estate market hit a tipping point with the reduction in loan limits, or are we seeing much made out of nothing? It’s a bit of both I’d say. Numbers don’t lie. Let’s assume that current spreads between Portfolio Jumbo financing and Standard Conforming mortgage rates runs a half percentage point. For a $729,750 mortgage, that translates into an increase of $219.92 per month. Some might say that’s an acceptable change in terms. Others will have this increase weigh heavily on their commitment to buying. Quantify this expense not as a mortgage payment, but food, entertaining, air conditioning, gasoline. $219.92 is real money to most prudent buyers…[READ MORE]

Over the last two posts on the Irvine Housing Market, we have looked at aggregate totals for Irvine and at individual neighborhoods. The nitty-gritty is in the details. What features in homes do buyers value in the market? Today we take a careful look at the devil in the details. A presentation by Jaysen Gillespie of Global Decision [email protected] Global Decision is an analytics consulting firm.  While our methods are not industry-specific, our engagements are skewed towards specific industries in Southern California, such as real estate (along with online gaming and restaurant chains).  We specialize in applying both foundational and advanced analytics to better understand business and economic issues. Today’s post is part three of our series on hedonic housing…[READ MORE]

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