Contact: Warchestsm@gmail.com -- All e-mail correspondence is kept strictly confidential unless otherwise requested.

Thursday, October 28, 2010

A Look At Rollbacks All Over

Here is a great post on Calculated Risk showing rollbacks all over. Los Angeles and coastal CA seem to be in late 2003/early 2004 price territory.

Here on this blog we seem to be observing late 2004 prices and even some early 2005 prices in Santa Monica.

Posted by
Labels:

2 comments:

  1. I seriously love this stuff!

    The US govt has a big interest in you being a homeowner!

    I bought my house in 2004 and have seen it decline in value. So you know what?

    I got the bank to modify my mortgage, took my property tax bill to the assessor and got it reduced and still get a big ol' tax write off at the end of the year!

    Why don't you talk about the benefits of home ownership?

    ReplyDelete

  2. How did you get the bank to modify? I have a friend deeply underwater on a place she bought in 2007, and the bank is ignoring her. She's too nice to walk away, although that looks like her best option. It's also an option ARM that will recast next year... she has plenty of salary to make even the higher payments, but she's throwing a lot of money away on it...

    Personally, I'm also concerned that a lot of the benefits of home ownership, like the mortgage tax deduction, are going to be phased out over the next decade. The government is going to need to get revenue somewhere, and they can blame the bubble for any home ownership benefits they end...

    ReplyDelete

Subscribe to: Post Comments (Atom)