Anonymous_IHB
New member
<A href="http://blogs.wsj.com/developments/2009/05/06/affluent-homeowners-underwater-and-sinking-fast/">http://blogs.wsj.com/developments/2009/05/06/affluent-homeowners-underwater-and-sinking-fast/</A>
Affluent Homeowners: Underwater and Sinking Fast
- Thread starter Anonymous_IHB
- Start date
NEW -> Contingent Buyer Assistance Program
IrvineRenter_IHB
New member
<a href="http://blogs.wsj.com/developments/2009/04/30/disturbing-trend-mortgages-on-pricey-homes-going-delinquent/">?Disturbing Trend?: Mortgages on Pricey Homes Going Delinquent</a>
Who would have guessed that would happen?
Who would have guessed that would happen?
morekaos_IHB
New member
Here are some great, real stories of this phenomena
<a href="http://www.sanfranmag.com/story/foreclosure-close-home?ref=patrick.net">no neighborhood in the Bay Area is immune. </a>
"Until now, the nation?s epic foreclosure crisis hadn?t ventured into the Bay Area?s iconic neighborhoods: the places where the trees are tall, the lawns freshly mowed, the interiors well designed and comfortable, and the inhabitants full of contentment and accomplishment?or so we like to imagine. Yet everyone made choices during the housing boom, and those choices had consequences. As a result, even the most established and enviable neighborhoods in the Bay Area now contain proud-looking homes that, for all the ease and success they communicate to passersby, have gone the way of the boarded-up rancher in East Oakland and the Stepford stucco three-bedroom in Antioch."
<a href="http://www.sanfranmag.com/story/foreclosure-close-home?ref=patrick.net">no neighborhood in the Bay Area is immune. </a>
"Until now, the nation?s epic foreclosure crisis hadn?t ventured into the Bay Area?s iconic neighborhoods: the places where the trees are tall, the lawns freshly mowed, the interiors well designed and comfortable, and the inhabitants full of contentment and accomplishment?or so we like to imagine. Yet everyone made choices during the housing boom, and those choices had consequences. As a result, even the most established and enviable neighborhoods in the Bay Area now contain proud-looking homes that, for all the ease and success they communicate to passersby, have gone the way of the boarded-up rancher in East Oakland and the Stepford stucco three-bedroom in Antioch."
Anonymous_IHB
New member
[quote author="morekaos" date=1241654341]Here are some great, real stories of this phenomena
<a href="http://www.sanfranmag.com/story/foreclosure-close-home?ref=patrick.net">no neighborhood in the Bay Area is immune. </a>
"Until now, the nation?s epic foreclosure crisis hadn?t ventured into the Bay Area?s iconic neighborhoods: the places where the trees are tall, the lawns freshly mowed, the interiors well designed and comfortable, and the inhabitants full of contentment and accomplishment?or so we like to imagine. Yet everyone made choices during the housing boom, and those choices had consequences. As a result, even the most established and enviable neighborhoods in the Bay Area now contain proud-looking homes that, for all the ease and success they communicate to passersby, have gone the way of the boarded-up rancher in East Oakland and the Stepford stucco three-bedroom in Antioch."</blockquote>
I like the Fernwood Drive story - smart to buy it in '89, sell it in '04 and not even have to move, rent it back.
<a href="http://www.sanfranmag.com/story/foreclosure-close-home?ref=patrick.net">no neighborhood in the Bay Area is immune. </a>
"Until now, the nation?s epic foreclosure crisis hadn?t ventured into the Bay Area?s iconic neighborhoods: the places where the trees are tall, the lawns freshly mowed, the interiors well designed and comfortable, and the inhabitants full of contentment and accomplishment?or so we like to imagine. Yet everyone made choices during the housing boom, and those choices had consequences. As a result, even the most established and enviable neighborhoods in the Bay Area now contain proud-looking homes that, for all the ease and success they communicate to passersby, have gone the way of the boarded-up rancher in East Oakland and the Stepford stucco three-bedroom in Antioch."</blockquote>
I like the Fernwood Drive story - smart to buy it in '89, sell it in '04 and not even have to move, rent it back.
morekaos_IHB
New member
More wreckage up north
<a href="http://www.thestandard.com.hk/news_detail.asp?we_cat=16&art_id=81763&sid=23746396&con_type=3&d_str=&fc=7">Trophy homes lose gilt</a>
<a href="http://www.thestandard.com.hk/news_detail.asp?we_cat=16&art_id=81763&sid=23746396&con_type=3&d_str=&fc=7">Trophy homes lose gilt</a>