Larry Roberts real estate writing blog

Wednesday, September 16, 2015

OCHN: Los Angeles County rents rising at 7% annual rate

In LA County, the rate of rental rate increase now exceeds the rate of home price appreciation. Both exceed the rate of wage growth.

It costs too much to live in California because the chronic shortages of housing supply inflates California house prices and rents. Starting in the 1970s with...
Los Angeles County rents rising at 7% annual rate

Tuesday, September 15, 2015

OCHN: America"s children were NOT harmed by foreclosures

How children react to foreclosure depends mostly on how their parents deal with the situation.

Millions of families were displaced from their homes due to foreclosure, short sales, and strategic default. Since the foreclosures generally lead to an involuntary property eviction, many former loan...
America"s children were NOT harmed by foreclosures

Monday, September 14, 2015

OCHN: Housing fundamental value analysis: 6% mortgage rates kill appreciation

Fundamental value analysis predicts tepid home price appreciation as mortgage rates rise to historic norms. Will it prove a powerful tool, or a dismal failure?

I began writing publicly about housing issues in February 2007 on the Irvine Housing Blog, but I was a frequent commenter on housing...
Housing fundamental value analysis: 6% mortgage rates kill appreciation

Friday, September 11, 2015

Debt Default: The bearish case for another leg down in housing

It’s a difficult time to be a housing bear. The chorus of cheerleaders in the financial media are keen to report on the supposed strength in housing, and locally prices are going straight up. Given those realities, are the rantings and ravings of housing bears just noise to be ignored?...
The bearish case for another leg down in housing

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OCHN: Bankers were the terrorists of the housing bust

The 9/11 terrorists killed several thousand people, but banking terrorists destroyed the lives of millions, and they are still in power.

Millions of families lost homes during the housing bust, and most of those families hate the bankers who threw them out of their family homes; however, that...
Bankers were the terrorists of the housing bust

Thursday, September 10, 2015

OCHN: Liar loans: Mortgage securitization disaster 2.0

Securitizing liar loans will work out well for early adopters, but as these loans proliferate, they destabilize the market and lead to disaster.

If at first you don’t succeed, try, try again. Then quit. There’s no point in being a damn fool about it.
W. C. Fields
Were liar loans an...
Liar loans: Mortgage securitization disaster 2.0

Wednesday, September 9, 2015

OCHN: Housing market is NOT strong enough to handle higher mortgage rates

The housing market can’t absorb a sudden or large increase in mortgage rates without major declines in sales and perhaps even decreases in prices.

In response to the housing bubble and bust, Congress passed the Dodd-Frank financial reform. These new mortgage regulations will prevent...
Housing market is NOT strong enough to handle higher mortgage rates

Tuesday, September 8, 2015

Mortgage Foreclosure: Despite rising prices, Orange County still more than 20% undervalued

Each month I publish the OCHN Market Newsletter. It provides the most detailed and accurate view of the housing market available without the realtor spin. I believe potential homebuyers should have the best information possible to make reasonable and rational decisions regarding the purchase of...
Despite rising prices, Orange County still more than 20% undervalued

OCHN: Irvine home prices surpass housing bubble peak

House prices in Irvine, California, reached the peak of the housing bubble, providing equity and relieving many underwater homeowners.

The federal reserve in conjunction with government officials reflated the housing bubble to restore collateral backing to lender’s bad loans. Whether or not t...
Irvine home prices surpass housing bubble peak

Monday, September 7, 2015

USA Foreclosure: Practical advice for today"s prospective homebuyers

Usually when you come across a homebuying advice article, it’s a puff piece put out by realtors. These articles usually emphasize the emotional aspects of buying a home, ignore the troubles and potential downside, and try to create urgency to motivate buyers to act. In other words,...
Practical advice for today"s prospective homebuyers

Renter News: Borrowers default on first mortgage and keep second mortgage current

At a basic level, each of us wants the safety and security of an ordinary world of predictable surroundings and routines. The real estate and mortgage world we live in today is a surreal landscape of failed loan programs, ever-tightening credit standards, and uncertainty about the future of real...
Borrowers default on first mortgage and keep second mortgage current

OCHN: Housing bubble thieves were ordinary people

The real thieves of the housing bubble weren’t the big players, the real thieves were the family next door.

People are basically honest and will do the right thing if given the chance. However, people are also opportunistic, and if encouraged and enabled to steal, many ordinarily good...
Housing bubble thieves were ordinary people