New Utah Houses In Default April 21, 2019 Ben Jones Uncategorized Titled “Tailor Built Homes Site Visit 1.9.19” foreclosurehome buildersSalt Lake CityShare ThisTweetSharePlus oneShareEmail Related Posts Demand Went From Good To Horrible A report from CNBC. "Sales of existing homes were weaker than expected in March. But… There’s Abundance Of Supply That Has Hit The Market A report from the Post and Courier on South Carolina. "Home sales plunged across the… A Market Artificially Overvalued A report from Home Town Station on California. "With housing prices starting to 'stall,' interest… This Post Has 29 Comments A reader alerted me to some lawsuits in Utah and also provided some links that led me to this page where I found this video: https://ignitefunding.com/tailor-built-homes-4369/ There’s more videos out there I may post later. Oh dear. Lawsuits suggest someone got defrauded. But I have it on good authority – the REIC trolls who crop up on the HBB from time to time – that the shady practices that doomed Housing Bubble 1.0 were a thing of the past and it’s different this time, what with tightened lending and all. Are you saying it isn’t so, Ben? I shouldn’t comment on ongoing ligation. Who hit those houses with an ugly stick? I thought I saw ugly McMansions in Bubble 1.0, but wow the designs on those things. You can see the ugliness taking shape when they are only half finished. Modern farmhouse meets Craftsman?! Yuck! It looks like the kind of place where ritual murder might take place. Egads…. Polygamy compound chic? Lolz! It looks like this investment group is lending the builders very close to full retail. Lending the builder their profit margin in advance seems an odd business model. Payday loans for builders? At 10% interest, what could go wrong? https://ignitefunding.com/lokal-br7-llc-loan-4596-colorado/ Holy ****. Southlake, TX Housing Prices Crater 21% YOY As Dallas Housing Market Tanks https://www.movoto.com/southlake-tx/market-trends/ Eeeee-bola Utah! Beautiful footage of the Wasatch Front. Utah captured my heart the first time I visited my wife’s family there in the early 1990s. Too bad, so sad, for all those defaulted homes! F’d buyers, take note: How to survive your own financial crisis Published Wed, Feb 27 2019 • 9:08 AM EST Updated Wed, Feb 27 2019 • 12:52 PM EST Jill Cornfield Key Points – Most American workers live paycheck to paycheck. – Others have improved their finances, and you can, too. Think you’re the only one who’s living on a financial knife’s edge? You are not alone. Recent data show most American workers live paycheck to paycheck. The statistics seem accurate to Joseph Driscoll, a 39-year-old San Diego resident on active duty with the Coast Guard. His co-workers began panicking before the first paycheck was missed during the December-January partial government shutdown. Driscoll is also a financial coach – yet his own finances were once far from healthy. He and his wife lived paycheck to paycheck until the day they had had enough. “We had campers, jet skis and $52,000 in debt — and this was after cleaning up debt previously,” he said. … This is pretty pathetic. “Low-cost alternatives Becky Pfaffenbach Nova, 35, says it took her a long time to learn to manage money. New York City is expensive, and Nova, now a medical operations specialist, was constantly squeezed. Sometimes she asked her fiance to pay her subway fare, pretending she didn’t have her card handy. But the reality was, she didn’t have $2.75.” Makes you wonder who was in charge of market research for all these luxury condo projects. Are the Seattle sheeple finally waking up and pushing back against their progressive overlords? https://www.zerohedge.com/news/2019-04-21/seattles-revolt-elites ” James Lindsay calls “idea laundering”—creating misinformation and legitimizing it as objective truth through repetition in sympathetic media.” They are just now catching on to this in Seattle? No, they aren’t. Seattle will continue it’s slow decay, along with the rest of the west. Boulder, CO Housing Prices Crater 13% YOY As Denver Area Homeowners Take A Bath https://www.movoto.com/golden-co/market-trends/ Next time, Hillary, just call them Deplorables. You know you want to. https://www.zerohedge.com/news/2019-04-22/theyre-called-christians-conservatives-mock-obama-clinton-tweets-about-sri-lankan With oil surging, anyone want to start a pool on when ABQ Dan is going to return from his Crow Mountain self-exile to grace the HBB with his presence? Come back, Dan. We’ve missed you. Easter should be a time of new beginnings. “We’re definitely at the boiling point, whether it’s the housing crisis, whether it’s quality of life, which is exacerbated by the worst traffic congestion in America, or the affordability crisis,” said Supervisor Aaron Peskin. Stamp your little feet! https://www.gainesvilleregister.com/texas/news/willow-park-looking-to-reputable-companies-after–home-builder/article_d3b47e0b-d35b-5483-a6fc-be5ac069bb97.html This in today’s news, located just west of DFW Metroplex. Builder walks on 18 homes under construction. And this is a VERY hot home buying area historically. Contractor took the money and ran. Happens all the time in housing construction. Housing construction is the bottom of the barrel, low profit sector of construction. They weren’t even really a company, it was a ponzi scheme. They had [foreign] investors and it was set up so if you invested in the property, you got an unexpired green card — you got citizenship for it. Hmmm. Either somebody is obfuscating or it would seem they don’t have a strong understanding of green cards. Or citizenship. But OK. I closed on my house at the end of April, but it wasn’t finished. Why on earth would you close if it wasn’t finished? That’s like putting a kick me sign on your own back. On purpose. people who were in the process of buying where they paid for upgrades and Serene walked away with the money Ah, I get it now. Monkey trap. Can’t let go of what you thought you were going to have even when it’s obvious something very bad is about to happen. Will Suzanne and her research be replaced by an algorithm? https://www.marketwatch.com/story/sell-your-home-with-a-realtor-or-an-algo-maybe-both-2019-04-19?mod=mw_latestnews Lol! https://www.detroitnews.com/story/business/2019/04/22/home-sales-spring/39378555/ Just keep repeating that lie about the interest rates being the blame long enough, and everyone will start to believe it. Comments are closed.