The unused balance on many helocs are being frozen by lenders. I read about this 3 months ago and maxed mine out and put it in a high interest money market....whew!!! If you haven't done this yet, PLEASE do this as soon as possible! … [Read more...] about HELOCs are frozen
High Desert Development
"I know we're in a recession, but I'm still bullish on the High Desert market," Dick said. "I think everyone agrees we'll come out of this eventually."Stirling Capital signed on to the airport redevelopment project in 1999.Victorville agreed to contribute up to $40 million in infrastructure improvements funded by redevelopment dollars and federal and state … [Read more...] about High Desert Development
Joke of the day from housingbubbleblog
Man walking along a road in the countryside comes across a shepherd and a huge flock of sheep. Tells the shepherd, “I will bet you $100 against one of your sheep that I can tell you the exact number in this flock.” The shepherd thinks it over; it’s a big flock so he takes the bet. “973,” says the man. The shepherd is astonished, because that is exactly right. Says “OK, I’m a … [Read more...] about Joke of the day from housingbubbleblog
Predictions on end of housing slump
Please submit your opinion on when you think the downward spiral of house prices and the default rate of loans on real property will bottom out. Considering prices are reaching levels associated with 2003 when the bubble most likely started it's rapid inflation, I think the bottom is near and will be reached later this year or in 2009. In some situations I am seeing prices … [Read more...] about Predictions on end of housing slump