Larry Roberts real estate writing blog

Friday, September 19, 2014

OCHN: The big right-wing housing bubble lie

The political right is revising housing bubble history and fostering a blatant lie to support its own political agenda.

I try not to be political on this blog. My posts have been picked up from both Tea Party blogs and Progressive blogs, so partisans embrace my pillory of both sides foibles. My ...
The big right-wing housing bubble lie

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Thursday, September 18, 2014

OCHN: Low mortgage rates fail to overcome buyer reluctance

Mortgage interest rates are lower than last year, but sales volumes are also lower than last year as low rates fail to entice additional homebuyer demand.

I would like to own a Lexus LS 460. It’s a beautiful and luxurious automobile; however, I am reluctant to buy one because the price is...
Low mortgage rates fail to overcome buyer reluctance

Wednesday, September 17, 2014

OCHN: Housing market faces intractable problems with demand

A federal reserve study concludes weak demand in the housing sector is structural and will not be corrected by low mortgage interest rates.

The federal government set up the unemployment reporting procedures to mask the depth of problems with deep recessions. During the Great Depression...
Housing market faces intractable problems with demand

Tuesday, September 16, 2014

Mortgage Refinance: The question for the newly above water borrower: to sell or not to sell

The increase of home values have pushed some 1.4 million underwater borrowers into positive equity territory. The Federal Reserve have engineered ultra low mortgage rates and banks have suppressed the shadow inventory into “cloud inventory‘” Meaning many homeowners will r...
The question for the newly above water borrower: to sell or not to sell

Mortgage Foreclosure: Large down payments provide stability to the housing market

Down payments are the bedrock of the housing market. Large down payments preserve home ownership, reduce volatility in the market, and reduce the risk to our financial system. The only people who oppose them are realtors and originate-to-sell lenders who see down payments as an impediment to...
Large down payments provide stability to the housing market

OCHN: Bankers refusal to make bad loans hinders housing recovery

Home price appreciation and sales volumes in housing markets across the United States stalls out because lenders refuse to make bad loans.

The cycle of boom and bust is really over. Lenders steadfastly refuse to make loans to under-served borrower groups to provide the “escape...
Bankers refusal to make bad loans hinders housing recovery

Monday, September 15, 2014

USA Foreclosure: Bankers are the biggest and worst slumlords in US history

Landlords profit by charging high rents and spending little on maintenance. Good landlords charge reasonable rents to avoid excessive turnover, and they spend wisely to maintain the quality of their property. Slumlords charge unreasonable rents, and spend only what they are forced to by...
Bankers are the biggest and worst slumlords in US history

OCHN: Mortgage and foreclosure crisis 2.0

The mortgage and foreclosure debacle of 2008 was cut short by government intervention. A second round of deferred distressed sales is yet to hit the market.

Is the mortgage and foreclosure crisis resolved or merely delayed? Most people believe the mortgage and foreclosure crisis of 2008 is...
Mortgage and foreclosure crisis 2.0

Sunday, September 14, 2014

Loan Mod Default: Loan modifications revived house prices, homebuilding, and the economy

Loan modifications removed distressed inventory from the MLS, bottomed house prices, revived homebuilding, and resuscitated the economy.
Loan modifications revived house prices, homebuilding, and the economy

USA Housing: Cheap credit and low cash returns causing mortgage debt bifurcation

One of the side affects of Quantitative Easing (QE) and the Zero Interest Rate Policy (ZIRP) has been ability of homeowners with debt to refinance at lower rates with shorter mortgage terms like a 10 year, 15 year or 20 year fixed rate mortgages. Even the loan mods for loanowners have cheap t...
Cheap credit and low cash returns causing mortgage debt bifurcation

Saturday, September 13, 2014

Ponzi Debt: Crooks, thieves, and liars: the nefarious characters of the housing bust

Have you noticed that most of the human interest stories from the housing bubble have no heroes? The housing bust has brought out the worst in mankind. Every party involved seeks to avoid any financial responsibility while simultaneously looking for ways to game the system to their advantage....
Crooks, thieves, and liars: the nefarious characters of the housing bust

Friday, September 12, 2014

Debt Default: Lenders are responsible for the bad borrowers they create

Banks created their own nightmare. They turned good borrowers into HELOC dependent Ponzis, inflated a massive housing bubble, and now that prices are crashing, lenders are surprised at the behavior of borrowers. Each side feels they are being victimized by the other. Lenders are being left to...
Lenders are responsible for the bad borrowers they create