by Jacques Albrecht on January 18, 2012
Can John R. Talbott be right again?
credit RHiNO NEAL
John states that now is the time to buy a home… This advice comes from the Huff Post columnist and author of The Coming Crash in the Housing Market, published in 2003 and, Sell Now! The End of the Housing Bubble, his 2006 book. Is it possible that he is correct yet again, for a third time? Has he made the right call?
Certainly property prices are now much lower and affordable, plus the mortgage loans are at historic low percentage rates so buying now could indeed be a very wise move. And in San Diego, it is now possible to receive possitive cash flow from investment properties.
John says: “I have been waiting for more than five years to offer this advice.” (Read more here….)
by Jacques Albrecht on January 13, 2012
Courtesy of Liam Alexander
A $12 Million Dollar Scraper…
Where in the world will you go to find a gorgeous 17,000 square foot mansion home, a wonderful $12 Million Dollar property that’s sited on a beautiful oceanfront? And then would you decide to scrape it?? That’s right, demolish it!! Well here’s where and also, here’s who: Grand Mansion
by Jacques Albrecht on December 12, 2011
Recently, housing analyst Rich Toscano woke us up with a big finding using the S&P’s Case Shiller Index: Since the boom years, current home prices had reached a post bubble low, when adjusted for inflation.
Now, check out his latest determination: When you compare peoples’ current earnings, in salary and wages in San Diego, to what the mortgage plus tax payments are, then the ratios are at the lowest they’ve been ( using available data since 1977 ).
In other words, mortgage payments, in San Diego, have never been more affordable in the context of incomes, for a generation.
Many of Toscano’s central insights over the years have come from the graphs he generates comparing per capita income to home prices and mortgage rates, in San Diego. You can check out his graphs here. During the bubble years, the ratio comparing home costs to earnings had gotten way out of hand but, he writes, “homes are now modestly undervalued.”
Courtesy of: Voice of San Diego
Looking for more Housing Analysis?
Check out a new blog that’s been introduced by Standard & Poor’s Indices. This interactive blog delivers realtime commentary and analysis from across the Standard & Poor’s organization on a wide-range of topics impacting residential home prices, homebuilding and mortgage financing in the United States.
Readers and viewers can visit the blog at www.housingviews.com, where feedback and commentary is certainly welcomed and encouraged.
