Pacific Beach Housing Bubble Blog

Sunday, April 01, 2007

Happy April

Sorry the last post didn't have the April 1st date on it. I trust all is well with everyone.

Here's some stuff you might like:

Just got a link to this from the blog owner himself. It's a blog about predatory lending practices, and he mentions that Countrywide's REO's are up 42% in March. That's month to month, not year to year. Good Stuff.

Contributions from mystery reader:

Another article in the UT about skyrocketting home loan defaults.
And one also in the San Diego Business Journal.


More coming up. Stay tuned!

posted by Sven at 10:43 PM

7 Comments:

  • Good stuff! I saw the Countrywide CEO on CNBC a few days ago and he was pretty insistent that subprime wasn't going to hurt Countrywide much. If anyone else saw him on CNBC, you probably got a good laugh from all the BS he was spewing. The CNBC guy (I forget his name) wasn't buying the CEO's altruistic reasons for getting into the business. lol..

    By Anonymous zovall, at 6:45 AM  

  • http://news.yahoo.com/s/kgtv/20070404/lo_kgtv/11517694

    Now here is an idea you are going to see more and more of this in Pacific beach. Its the only way owners can stay afloat with their mortgage payments.

    Is there any law that could possibly be used to stop a home owner from doing this. I figure if you own the house you can do whatever you want to it. Smart move, we need higher density housing. I don't see how its any different than leveling a house and putting in a multi unit condo and renting it out to X number of people.

    By Anonymous Anonymous, at 10:37 AM  

  • Better link:

    http://tinyurl.com/27tpba

    By Anonymous Anonymous, at 10:38 AM  

  • "if you own the house you can do whatever you want to it."

    Thanks I needed a good laugh.

    By Blogger bub, at 4:44 AM  

  • These guys have done 100 of these mini dorms in San Diego, mostly at SDSU, if they can't do this, why have they been able to do it 100 times?

    There is no HOA in this area, and there are no building codes being violated, so yes it appears they can do whatever they want within city codes.

    By Anonymous Anonymous, at 2:00 PM  

  • I could see them wanting to restrict that in a lot of areas based on parking needs. Stuffing 9 kids into one house is also putting 9 cars in front of that house. One on a block is okay, but any more and parking becomes impossible.

    Personally, I think that places should be required to have one parking spot per bedroom, but I know a lot of PB just isn't like that. It's something that should have been put in the building codes a long, long time ago. Lack of it has caused a serious parking issue in PB.

    By Blogger Sven, at 2:57 PM  

  • 酒店兼職

    酒店

    酒店工作

    禮服酒店

    酒店兼差


    酒店打工

    酒店經紀

    酒店上班

    台北酒店



    酒店pt

    兼差打工

    打工兼差

    酒店正職 酒店賺錢 酒店喝酒 酒店消費 喝花酒 粉味 喝酒

    By Anonymous Anonymous, at 12:24 PM  

Post a Comment

Links to this post:

Create a Link

<< Home