I have a number of small announcements concerning some of the new features of our expanded website. We have tried to keep the transition as painless as possible. Thank you for staying with us.
Address:5153 Scholarship Irvine CA 92612
Asking Price:$2389000
I make my living off the evening news
Just give me something-something I can use
People love it when you lose
They love dirty laundry
You dont really need to find out whats going on
You dont really want to know just how far its gone
Just leave well enough alone
Eat your dirty laundry
Dirty tittle secrets
Dirty little lies
We got our dirty little fingers in everybodys pie
We love to cut you down to size
We love dirty laundry
Dirty Laundry -- Don Henley
Week of October 10 2009
I have uploaded the full text diagrams and end notes for The Great Housing Bubble. It is available in the library. I am planning to debut all 21 posts on successive Sundays come January of 2010.
IHB CalculatorLast week we rolled out the new IHB calculator on the weekend open thread. One of the suggestions was to put back in the feature where you could input your rent and determine how much house you can afford. I have added that back into the calculator. There is now a rental field that is automatically given a value ba
Many of you have requested IHB Fundamental Value Reports since I made them available this week. If you have not seen them yet check out our Reports tab.
IHB Recent ListingsWe have brought back the recent listings in the sidebar. They are pulled directly from the MLS and run through our IDX system.
IHB Recent REOsWe have also added a recent listings of REOs to the sidebar again from our IDX system and the MLS.
IHB Foreclosure SearchWe have partnered with Foreclosure Radar to provide you with the latest search technology for finding foreclosure properties. Watch your favorite property work its stray through the system.
Housing Bubble NewsNew York Times
FHA may be setting up repeat of housing bubble lawmakers worry
Los Angeles Times - Oct 7 2009
... with shaky finances to get loans and in effect setting up a potential repeat of the housing bubble fueled in part by no-questions-asked subprime loans. ...
Get ready for $40 billion FHA bailout by 2012Hot Air (blog)
FHA mortgage loans stumbleExaminer.com
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FNM
Washington Post
Next Asset Bubble Could Come Sooner Than You Think
ABC News - - 22 hours ago
After the housing bubble popped we're lucky to still have a functioning financial system. And because millions of working Americans now depend on 401(k) ...
AP: Next Asset Bubble Could Come Sooner Than you ThinkBenzinga
nks">all 120 news articles »
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Email this storyUS Dollar Rises Despite Stock Gains Australian Data Points to Housing Bubble ...
Daily FX - - Oct 6 2009
Booming supply feeding investment-driven buying in the face of rising borrowing costs are familiar ingredients pointing to a housing bubble collapse in the ...
Another British Housing Bubble?
Forbes - - Oct 6 2009
LONDON -- Don't believe the hype about a recovery in the British housing market. Recent surveys--including one by Halifax on Tuesday--have pointed to ...
Straits Times
House market bubble could bring quick end to low interest rates
The Canadian Press - Oct 7 2009
Low interest rates along with a loosening of controls is largely blamed for the US housing bubble earlier this decade that eventually triggering the ...
Housing disaster looms if rates riseThe Australian
Australian housing recovery builds rate rise caseForexyard
'Defying Gravity'Canada.com
Business Spectator (registration)
nks">all 2119 news articles »
TD
Alan Greenspan is the definition of 'EPIC FAIL'
True/Slant - Oct 4 2009
To silence sceptics Greenspan told the country not to worry about the housing bubble: …any bubbles that might emerge would tend to be local not national ...
New Zealand Herald
Fed Frets About Commercial Real Estate
Wall Street Journal - - Oct 6 2009
Vacancy rates in the apartment retail and warehouse sectors already have exceeded those seen during the real-estate collapse of the early 1990s ...
Fed Worries About Commercial Real EstateAtlantic Online
US banks slow to absorb commercial property losses: reportReuters
Fed Starting To Freak Out Over Commercial Real EstateThe Business Insider
USA Today
nks">all 181 news articles »
New York Times
FHA mortgage loans stumble
Examiner.com - 1 hour ago
My publication preaches how the speculative credit binge of the recent period laid the foundation for the stunning collapse of stock and real estate prices. ...
FHA may be setting up repeat of housing bubble lawmakers worryLos Angeles Times
Sowing the Seeds of Future Disasters [John Hood]National Review Online (blog)
Get ready for $40 billion FHA bailout by 2012Hot Air (blog)
nks">all 75 news articles »
Atias: There is no real estate bubble
Ha'aretz - - 18 hours ago
"There is a real estate bubble in the luxury apartment tower market in Tel Aviv but overall in Israel there is no such bubble" Atias told Army Radio. ...
Maryland and Virginia Real Estate Markets Show Promise
Real Estate News | BiggerPockets.com (blog) - Oct 5 2009
That is the possibility that the real nova real estate bubble might still be ahead of it. In other words people who buy now might be looking at some major ...
TPG in group that wins bid for Corus assets
Bizjournals.com - - Oct 6 2009
The sale generated eight bids for a limited liability company holding a portfolio of construction loans and real estate that was owned by the Chicago bank ...
Flipping Homes No Longer Profitable Investors Pursue A Long-Term Strategy
NuWire Investor - Oct 6 2009
The loud burst of the real estate market bubble has been heard by homeowners but is deafening to the investors who flooded the market. ...
Address:5153 Scholarship Irvine CA 92612
Asking Price:$2389000
Income Requirement:$439703
Downpayment Needed:$477800
Purchase Price:$1988500
Purchase Date:9/12/2007
Net Gain (Loss):$257160
Percent Change:20.1%
Annual Appreciation:9.8%
Monthly Payment$12376
Monthly Cash Outlays$15263
Monthly Cost of Ownership$10254
Property Details for 5153 Scholarship Irvine CA 92612
Beds2
Baths1 full 2 part baths
Size2000 sq ft
($1195 / sq ft)
Lot Sizen/a
Year Built2007
Days on Market1
Listing Updated10/1/2009
MLS NumberS591166
Property TypeCondominium Residential
CommunityAirport Area
TractPlza
Enjoy the luxury of height in this fabulous penthouse offering unobstructed breathtaking city bright and natural reserve views. This special residence boasts over $280000 in interior finishes and upgrades inclusive of Royal Oyster marble flooring and tectured carpeting three professional built-in cabinets Audio-Visions theatre sound system throughout Snaidero Italian cabinetry granite and marble baths Classy Closet cabinet systems European wall treatments and 19 foot vaulted ceilings with a stainless steel ballister. Enjoy resort-like amenities at The Plaza Irvine including a Concierge service convenient on-site retail 2 pools spa and cabana area state-of-the-art fitness center and an outdoor grill / fireplace area for dining. This is a special opportunity to live in luxury and so close to the areas renowned shops near Fashion Island fine area restaurants and sought after beautiful beaches and coastline cities.
Obviously there was no housing bubble. This property surely has appreciated 20% since the savvy buyer purchased this in late 2007... Not!
IHB Fundamental Value Report
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