The Collected Works of Author and Blogger Larry Roberts

Archive for 2015

Of all the posts I've written over the last nine years, this is one of those I am most proud of. The Great Housing Bubble cultivated a gentility of entitlement, a sordid societal residue, a system of reliance, a conviction among people that they may possess anything they wish just because; deserving without earning; Grace. Divine acceptance is given; whereas, worldly possessions are earned -- a basic truth lost through possessory entitlement. Few construct and contribute to the greater good, and many expect easy money from lenders, Governments, housing and stock markets or free-money Ponzi Schemes. We are impaired by our lender's failure and our Government's response to the crisis our lenders created; a wound that lingers as a festering…[READ MORE]

Historically, properties in this market sell at a 9.5% discount. Today's discount is 14.4%. This market is 4.9% undervalued. Median home price is $505,600 with a rental parity value of $590,700. This market's discount is $85,100. Monthly payment affordability has been improving over the last 2 month(s). Momentum suggests improving affordability. Resale prices on a $/SF basis increased from $423/SF to $429/SF. Resale prices have been rising for 4 month(s). Over the last 12 months, resale prices rose 10.7% indicating a longer term upward price trend. Median rental rates increased $8 last month from $2,633 to $2,641. The current capitalization rate (rent/price) is 5.0%. Rents have been rising for 12 month(s). Price momentum signals rising rents over the next three…[READ MORE]

I was fortunate enough to watch this film at 10:30 AM opening day. I thoroughly enjoyed this movie, and I will likely watch it two or three more times during the holidays. First, be careful you don’t read too much about this film because someone will probably spoil it for you. There are definitely some things you would rather be ignorant to before watching the film to get the full emotional effect. Second, if you are already a Star Wars fan, you will certainly love this movie. Every Star Wars fan should go see it. Third, the new villain is the best character in the movie. He was perfectly cast, and the backstory is compelling. He is the most complex…[READ MORE]

The federal reserve finally raised the federal funds rate 1/4 point on Wednesday, December 16, 2015. However, their oft-forgotten policy of buying mortgage-backed securities is actually far more meaningful to mortgage rates. The monthly housing market reports I publish each month became bullish in late 2011 due to the relative undervaluation of properties at the time. I was still cautious due to weak demand, excessive shadow inventory, the uncertainty of the duration of the interest rate stimulus, and an overall skepticism of the lending cartel’s ability to manage their liquidations. In 2012, the lending cartel managed to completely shut off the flow of foreclosures on the market, and with ever-declining interest rates, a small uptick in demand coupled with a…[READ MORE]

We need strong regulations in mortgage lending to prevent a repeat of the housing bubble and subsequent crash.   The financial elite in the United States hate the Consumer Financial Protection Bureau (CFPB) because the CFPB stands in opposition to those who want to rape and pillage the American people. After the financial elites destroyed the economy and nearly brought down our entire financial system with reckless risk taking and foolish lending, legislators were forced to act for the greater good. Generally, I do not like government paternalism. When Ronald Reagan came to power and began our 25 year experiment with government deregulation, I thought it was a good idea. I am repelled when I see paternalistic politicians who believed…[READ MORE]

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