Lynne Pope

1. Fannie Mae and Freddie Mac raised limits “late” in the game and the sub-prime could not have done the damage it did had they entered sooner..some say…what about you?

2.Is it good to refinance now and lower the cost of your mortgage?400Thousand have been helped

3. If you have a high debt to income ratio will that hurt or help? The government ways if it helps you then you have to share in the profit with the gov when you resell it.

3. First time home buyer tax credit of 7500? NO-It is a zero % loan and it has to be paid back.

4.Immediate new deductions on property taxes?

5. Is 2010 or 2111 the year of the pick up for Real Estate?

6. Will there be 10 years of unparalleled growth?

7. Can you get a loan?

8. Is California ahead or behind the curve?

9. Have you found a Realtor on Linkden or Facebook?

Two of everything….two story, two large French Doors accessing outside from the Living room and the Family room. Two olive trees. Two covered patio areas. The Living room area leads to the largest yard space  (shown) 

The Dining area has another covered awning with a  BBQ. Another interesting feature is the -Two bathrooms in one. What that means- is that in 1964 the builder said. I’ll put a shower/tub toilet and sink in this bathroom and Two doors. The other door will have a room with a toilet and sink. Sort of Jack and Jill with their own privacy for everything but sharing the tub/shower. Two people can get ready for work or school.

Living room with fireplace is large and there is an open plan kitchen dining /family room has a breakfast bar and a swinging door into the area.

Listed on the MLS  S08088779, Torrance. Location is easy to find. The Automobile Club office and Pier One buildings at Hawthorne Blvd has a light and turn East on 230th  Street which is above Lomita Bl and below Sepulveda Bl. About a block down at the corner of West and 230th is the home.

Two Olive trees  grace the driveway at the corner. That is good fortune and peace to the owners in many cultures.

Property prices for sale in the 90505 zip code over the last 2 years has not changed much, its still in the low 400 range the overall price per sq foot shows. The concessions have changed. It took a while for sellers to accept that it is now the buyers market. They sometimes pay closing costs or repairs which was rarely the case in the years past.

Real estate agents use the comparisons that the bank appraisers use; last 3 ms of sales, similar sq foot home and lot, year built, and MLS area. This is a simplified fact that still has to take into account amenities, condition, location, corner lot, cul de sac, view, pool, flat lot, and upgrades.

The saying right now is this “A+ home, A+ location or A+ price.”

LOCATION not far from the BEACH! about 4 miles

90505 has 13 listings in one area with the following boundaries

East of Hawthorne Blvd, North of Lomita Blvd

West of West of Crenshaw Bl. South of Sepulveda Blvd

SIZE

sq footage on average is 2000 sq foot. 4 bedrooms and lots averaging 6000 sq ft

PRICE

The price for sale ranges from 925K down to 660K however most are in the 850 range Two= 780 and 799 Two =925, 975

The rest are 829-890

Buyers are buying now with a few multiple offers. Sellers are selling now for reasons they always had, Moving, up or down, or away and some are bank issues. Of all these properties there is only one short sale in the 900 range. The Bank is starting high. Interesting note. They are not discounting to price offered as so many people assume. They may accept, as any seller, a lower offer.

This is a stable area. It is a great time to buy and some buyers are starting to see that past the press. Investors are buying. This is the time they were waiting for and cashed out of properties for. Anyone have a friend in finance? They projected it and prepared for it.

Guess why the are buying? So they can ride the next wave. Just call it the 10 year ride.

Photo by Lynne Pope -do not use without permission.

“Hydrogen Cars Won’t Make a Difference for 40 Years …President Bush, Gov. Arnold Schwarzenegger and the big automakers agree on this much: They love hydrogen-powered fuel cell technology and its promise of a zero-emission, petroleum-free future.”

read the full story.

http://www.wired.com/cars/energy/news/2008/05/hydrogen

Bush and Arnold LOVE hydrogen…I don’t think so. Rent a movie called NETWORK for the facts on who is running the world. OIL companies. EXXON, MOBIL, CHEVRON. When they own all the power…then they will sell it at whatever price they want. Monopoly, manipulation, lobbying, crony-ism, etc… I leased a Ford Think car. I couldn’t drive from Hermosa Beach to Marina Del Rey before I ran out of power and they had to put it on a flatbed to take it to the shop- in Orange County. They finally sent all of them back. It was a scam. Some huge money was given to Ford to solve the problem, they ran out of time and didn’t get the job done so they bought and brought over the Think and called it a FORD. It didn’t work.

Here is another FACT. JPL solved the problem of oil in the 1970’s when we had the embargo problem. When the rocket scientists said use Hydrogen….they said no thanks, they embargo is over..

Possibly this is the fact as well. They can’t take any loan after a stop date in the next month. So like a hobbling bird in the desert, injured, a big bird of prey will swoop down and take it to a new time. This could be the story of anybank. It could be the lender that you choose. They will  be liquid. I heard this today 5/8//08 in Torrance, California