Real 家 s of Genius – Prime 贝莱尔 zip code lists only 1 foreclosure while 影子库存 has 56 properties, twice the entire MLS data. Chasing the market down from $1.5 million 至 $870,000.
上周，加州失业率回升至12％。加上这方面的收入表现不佳 状态，我们面临巨大的阻力。房价持续上涨将是艰巨的努力。 泡沫市场 随着经济和收入的下滑。在许多领域支撑住房市场的部分原因是 影子库存 至 control supply and try 至 increase home prices. This has been a dramatic failure and has cost the U.S. taxpayer trillions of dollars simply 至 keep the 太大而不能失败 banks afloat with financial swindles. There is no reason for this policy 至 continue unless we want 至 have another lost decade for our economy (this seems 至 be the 我们走的道路). Even prime locations are having a 至 ugher time in this market. Today we will take a look at a home in the 贝莱尔 neighborhood of Los Angeles that is chasing the market into the bottom. Today we salute 您 贝莱尔 with our 天才的真正家园奖.
贝莱尔 market not immune 至 correction
$ /平方英尺英尺$ 238
This place is definitely a more modest home in the 贝莱尔 zip code. 的home has four bedrooms and 4 baths. It was built in 1992 and includes a nice kitchen:
3.5 percent closing assistance in 贝莱尔? This goes 至 my point that many in 南加州 （大多数）实际上没有收入来维持他们所生活的外向昂贵的生活。如果有人在Bel-Air购买房屋，为什么需要关闭协助？这就像在提供某人 比佛利山庄那 is purchasing a home a coupon for a new 至 ilet when they close escrow. Let us take a look at the pricing history here:
Here is someone that waited one year 至 o long 至 exit the market. If this home was put on the market in early 2007 it would have fetched $1 million and more easily. Yet listing it in September of 2008 when the markets were imploding in historical fashion was not exactly good timing. 的chase 至 the bottom is rather clear. It went from a listing price of $1,495,000 至 the current list price of $870,000. Will this home sell at that level? Hard 至 say but 您 will definitely get interest in 贝莱尔 when 您 go under $1 million.
在56家 影子库存 for 贝莱尔 yet only 1 foreclosure has made it 至 the MLS! What is even more disturbing is that many of these homes in the 影子库存 were purchased right at the peak:
是的，我们在这里看到了一个非常熟悉的贷方清单。 WaMu，IndyMac，JP Morgan，富国银行和美国银行。查看贷款记录的时间。其中许多 影子库存 properties were purchased during the mania in 2006 and 2007. This is only a sample of the 56 homes in the foreclosure pipeline. 的影子库存 尽管媒体希望使它看起来似乎仅发生在贫困地区，但这是一个大问题。当然，他们不想集中精力于许多高管居住的社区。
Today we salute 您 贝莱尔 with our 天才的真正家园奖.Did 您 Enjoy 的Post? 订阅 至 泡泡博士’s Blog 至 get updated housing commentary, analysis, and information