South Bay Blogs

California real estate prices have been heating up and experts had predicted some instability with homeowners who have leveraged creative financing to stretch their already thin budget. Today’s Wall Street Journal article, “” by Ruth Simon revealed how lenders are happy to lend money even when mortgage delinquencies are on the rise. Read the rest of this entry →

Some time ago Southbay Residents may remember a news story about an officer being shot and paralyzed. Officer Kristina Ripatti was a Los Angeles police officer and became paralyzed when a suspect shot her multiple times. One bullet remains lodged in her spine, paralyzing her. See the CBS 2 announcement of the show. Read the rest of this entry →

Those of us in So Cal can vouch for the high cost of commute that Steve Olson describes in his calculations. Many of our friends have moved inland (San Bernardino county) because of more “affordable” housing prices. Others just moved out of state. Read the rest of this entry →

October 5, 2006 Wall Street Journal reported that 100 U.S. cities including 20 metro areas will experience housing price declines over the next few years. The source came from Moody’s Economy.com Inc., and predicted that housing prices may continue falling through 2008. This trend, combined with the statistics from U.S. Census Bureau that homeowners last year spent at least 30% of their household income on housing costs (loan payments, real-estate taxes, insurance and utilities), will put a squeeze on homeowners, especially those whose income is already stretched thin. This also means home buyers are more likely to continue to sit and wait for more favorable bargaining conditions. Read the rest of this entry →