OC Housing News
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OCHN: Why aren't homebuilders producing more homes?

OCHN: Why aren't homebuilders producing more homes? | OC Housing News | Scoop.it
Homebuilders won’t build what they can’t sell, and household formation isn’t so robust that builders must provide more to keep pace with demand. Since 2012 the financial media chronicled the reflation of the old housing bubble but portrayed it falsely as a robust recovery... http://ochousingnews.com/blog/why-arent-homebuilders-producing-more-homes/
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OCHN: How "sophisticated" financial managers operate personal Ponzi schemes

OCHN: How "sophisticated" financial managers operate personal Ponzi schemes | OC Housing News | Scoop.it
In its simplest form, a personal Ponzi scheme is borrowing money to pay debt service: acquiring new debt to pay old debt. It’s a path to disaster. What is a personal Ponzi scheme? Aren’t Ponzi schemes the advanced financial management crime of sophisticated money managers like... http://ochousingnews.com/blog/are-you-sophisticated-enough-to-operate-a-personal-ponzi-scheme/
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OCHN: Could you live in a less than 300 square feet?

OCHN: Could you live in a less than 300 square feet? | OC Housing News | Scoop.it
The tiny house movement is the extreme of housing and possession austerity. Would anyone with the means to live with more chose to live that way? When builders and developers create new projects, they generally produce a variety of floorplans to meet a market niche where they can reasonably... http://ochousingnews.com/blog/could-you-live-in-a-less-than-300-square-feet/
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OCHN: What four factors really determine prices in the housing market?

OCHN: What four factors really determine prices in the housing market? | OC Housing News | Scoop.it
There are four fundamentals that determine resale value: borrower income, allowable debt-to-income ratios, interest rates, and down payment requirements. When economists write about the fundamentals of housing, they usually mention job and wage growth, both of which impact sales (of special... http://ochousingnews.com/blog/what-four-factors-really-determine-prices-in-the-housing-market/
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OCHN: A decade ago, housing bulls were completely and catastrophically wrong

OCHN: A decade ago, housing bulls were completely and catastrophically wrong | OC Housing News | Scoop.it
Back in 2006 the housing bulls weren’t just a little wrong. They were completely and totally and unequivocally incorrect in every way. I recently had a conversation with a CEO of a large housing market forecasting company. In our conversation, I told him about my experience as a housing... http://ochousingnews.com/blog/a-decade-ago-housing-bulls-were-completely-and-catastrophically-wrong/
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OCHN: Big banks are too big to innovate

OCHN: Big banks are too big to innovate | OC Housing News | Scoop.it
If an institution is too big to fail, then it must not be allowed to take innovative risks because the potential consequences for the economy are dire. Innovation entails risk. Any profitable business venture that is widely known to be successful is rife with competitors, so profit margins... http://ochousingnews.com/blog/big-banks-are-too-big-to-innovate/
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OCHN: Dodd-Frank works well, so financial elites hate it

OCHN: Dodd-Frank works well, so financial elites hate it | OC Housing News | Scoop.it
Dodd-Frank created the Consumer Financial Protection Bureau that prevents the finance industry from ripping off its customers. More importantly, Dodd-Frank saves homeowners and taxpayers from another painful housing bust. In the past, whenever home affordability became a problem, lenders would... http://ochousingnews.com/blog/dodd-frank-works-well-so-financial-elites-hate-it/
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OCHN: Are Chinese savers coerced into supporting a real estate Ponzi scheme?

OCHN: Are Chinese savers coerced into supporting a real estate Ponzi scheme? | OC Housing News | Scoop.it
By eliminating other alternatives for investing saving and encouraging real estate speculation, the Chinese government compels its citizens to sustain a Ponzi scheme, allocating resources where they are not needed. People fuel financial manias with greed and foolish optimism. Generally, prices... http://ochousingnews.com/blog/are-chinese-savers-coerced-into-supporting-a-real-estate-ponzi-scheme/
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OCHN: Five most common lies realtors tell

OCHN: Five most common lies realtors tell | OC Housing News | Scoop.it
realtors frequently lie to their clients to close deals and generate commissions, placing their needs and desires above their clients. Every word she writes is a lie, including “and” and “the.” Mary McCarthy When a realtor talks, do you believe a word of it? At some... http://ochousingnews.com/blog/five-most-common-lies-realtors-tell/
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OCHN: How to earn huge profits on distressed residential properties

OCHN: How to earn huge profits on distressed residential properties | OC Housing News | Scoop.it
Buying distressed residential properties, fixing them up, and holding them through the recovery is a great way to earn huge profits. I am a big fan of buy-and-hold residential real estate, but that isn’t the only way to make money from this asset class. Home flipping is one extreme, and... http://ochousingnews.com/blog/how-to-earn-huge-profits-on-distressed-residential-properties/
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OCHN: Policies that saved the banks deny homeownership to Millennials

OCHN: Policies that saved the banks deny homeownership to Millennials | OC Housing News | Scoop.it
By saddling Millennials with copious amounts of student loan debt and by trapping Generation X in overpriced starter homes, Millennials endure too much debt and too little available supply to become homeowners. The largest generation in American history is not buying homes, and it’s... http://ochousingnews.com/blog/policies-that-saved-the-banks-deny-homeownership-to-millennials/
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OCHN: Token principal reductions induce deeply underwater borrowers to keep paying

OCHN: Token principal reductions induce deeply underwater borrowers to keep paying | OC Housing News | Scoop.it
The GSEs will implement a targeted program of principal reduction to provide false hope and stave off further strategic defaults. The demand for free money is infinite. The demand for anything free is high, but since money can buy almost anything, the demand for free money knows no bounds. The... http://ochousingnews.com/blog/mel-watt-offers-token-principal-reductions-to-induce-deeply-underwater-borrowers-to-keep-paying/
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OCHN: Lenders destabilize housing with failed bubble-era loan products

OCHN: Lenders destabilize housing with failed bubble-era loan products | OC Housing News | Scoop.it
With memories of the housing bust fading, lenders embrace loan products proven to destabilize housing markets and cause foreclosures and lender losses. One of the main factors preventing further home price inflation is the lack of down payment savings among the buyer pool. With super low... http://ochousingnews.com/blog/lenders-destabilize-housing-with-failed-bubble-era-loan-products/
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OCHN: San Bernardino County Housing Market Report: April 2016

OCHN: San Bernardino County Housing Market Report: April 2016 | OC Housing News | Scoop.it
IRVINE, Calif., January 2, 2016 – OC Housing News San Bernardino County Housing Market Report: January 2016 Historically, properties in this market sell at a 25.7% discount. Today’s discount is 32.2%. This market is 6.6% undervalued. Median home price is $280,200 with a rental parity value ... http://ochousingnews.com/blog/san-bernardino-county-housing-market-report-april-2016/
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OCHN: Two strategies for more abundant and less expensive housing

OCHN: Two strategies for more abundant and less expensive housing | OC Housing News | Scoop.it
By reducing local regulatory hurdles to new development, and by providing subsidies to low-income Americans, the free market will provide more housing that will drive down costs for everyone. Housing costs too much in the United States because we don’t provide enough housing to meet... http://ochousingnews.com/blog/two-strategies-for-more-abundant-and-less-expensive-housing/
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OCHN: Home mortgage interest deduction no longer benefits anyone

OCHN: Home mortgage interest deduction no longer benefits anyone | OC Housing News | Scoop.it
Only high wage earners save on taxes due to the home mortgage interest deduction, and the benefit is lost due to higher house prices paid be everyone utilizing this tax subsidy. Does the home mortgage interest deduction serve any useful purpose? Usually, when the government subsidizes... http://ochousingnews.com/blog/home-mortgage-interest-deduction-no-longer-benefits-anyone/
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OCHN: Real estate investors are NOT crowding out family homebuyers

OCHN: Real estate investors are NOT crowding out family homebuyers | OC Housing News | Scoop.it
The National Association of realtors perpetuates the myth that investors are scooping up family homes and leaving potential buyers out in the cold. Many investors use the OC Housing News to search for properties because it provides a detailed investment analysis of every home available for sale... http://ochousingnews.com/blog/real-estate-investors-are-not-crowding-out-family-homebuyers/
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OCHN: Today's homebuyers unwilling to climb the property ladder like previous generations

OCHN: Today's homebuyers unwilling to climb the property ladder like previous generations | OC Housing News | Scoop.it
People shopping for houses today are unwilling to purchase substandard housing in hopes of trading up at some later date. Houses are expensive. Many renters would like to buy a house, but they lack the down payment necessary, and many renters are early in their careers when their income... http://ochousingnews.com/blog/todays-homebuyers-unwilling-to-climb-the-property-ladder-like-previous-generations/
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OCHN: Californian's share zealous faith in rapid home price appreciation

OCHN: Californian's share zealous faith in rapid home price appreciation | OC Housing News | Scoop.it
California has a major cultural “religion” that cuts across traditional denominational lines: the religion of real estate and faith in rapid home price appreciation. Religious conviction provides meaning, hope, and joy to billions of people. Faith is belief by choice, generally in the absence of... http://ochousingnews.com/blog/californians-share-zealous-faith-in-home-price-appreciation/
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OCHN: What happens to high-end real estate if money laundering stops?

OCHN: What happens to high-end real estate if money laundering stops? | OC Housing News | Scoop.it
The Panama Papers uncovered the money laundering schemes funneling millions into high-end real state. What happens to this market if the flow of illegal funds suddenly stops? New York city is flooded with Russian cash. Irvine, California, is flooded with Chinese cash. Miami, Florida, is flooded... http://ochousingnews.com/blog/what-happens-to-high-end-real-estate-if-money-laundering-stops/
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OCHN: The epic fail of boomerang homebuyers

OCHN: The epic fail of boomerang homebuyers | OC Housing News | Scoop.it
2015 was touted as the year of the boomerang buyer. Lenders and realtors prepared, and the financial media wrote the invitations, but the boomerang buyers failed to arrive. The financial media periodically runs stories about the return of boomerang buyers, those who lost their homes in... http://ochousingnews.com/blog/the-epic-fail-of-boomerang-homebuyers/
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OCHN: Homeowners deduct cheap consumer debt interest while renters pay higher rates

OCHN: Homeowners deduct cheap consumer debt interest while renters pay higher rates | OC Housing News | Scoop.it
Homeowners convert consumer debt into tax-deductible debt through home equity lines of credit. Since this debt is secured by real estate, homeowners also pay much less for it. HELOCs are making a comeback! This is great news for Ponzis who want free money from stupid lenders, but it’s a... http://ochousingnews.com/blog/homeowners-deduct-cheap-consumer-debt-interest-while-renters-pay-higher-rates/
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OCHN: Academics prove the desire for free money causes financial manias

OCHN: Academics prove the desire for free money causes financial manias | OC Housing News | Scoop.it
Financial bubbles are real. A recent academic study proves people change their behavior when they witness their neighbors making money with little effort. Everyone wants free money. A new academic paper provides strong evidence that the desire to obtain free money drives the insane behavior in... http://ochousingnews.com/blog/academics-prove-the-desire-for-free-money-causes-financial-manias/
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OCHN: The surprising change in buyer behavior caused by the housing bust

OCHN: The surprising change in buyer behavior caused by the housing bust | OC Housing News | Scoop.it
With the fear of being priced out gone, would-be home buyers see high prices as a deterrent, not as an incentive to recklessly jump into the market. Prior to the housing bust, house prices on a national level had not fallen in over 80 years. Even in California where house prices had fallen on... http://ochousingnews.com/blog/the-surprising-change-in-buyer-behavior-caused-by-the-housing-bust/
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OCHN: The hidden perils of lender policies that suppress housing supply

OCHN: The hidden perils of lender policies that suppress housing supply | OC Housing News | Scoop.it
Saving the banks required reflating the housing bubble, trapping a generation in their starter homes and slowing sales in the housing market. The reason fewer homeowners than usual list their homes for sale is due primarily to loss mitigation policies at lending institutions. Many homeowners... http://ochousingnews.com/blog/lender-policies-that-suppress-housing-supply-cause-terrible-problems/
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