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California Financial and Political Links: Your One Stop Source

Posted by: Jill Puich  :  Category: Arnold Schwarzenegger, Education, Local Economy, R.E.D. Alert, Twitter, california, california budget, immigration, over-population, politics, talk radio

If you are in a hurry and you don’t have the time to spend hours going through google links that lead you to a dead end, then you’ve come to the right place…The Juice.  Bookmark this page and you will have EVERYTHING you need to know about California and California Politics right here.  It will be updated often.  We hope that it saves you time!

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Barack Obama: Ending the Mortgage Crisis w/Shaun Donovan

Posted by: Red Vixen  :  Category: R.E.D. Alert, Shaun Donovan, Weekly Address, barack obama, mortgage crisis, real estate

 

In his Weekly Address, President-elect Barack Obama focused on a key component of getting our economy back on track: ending the mortgage crisis.  He has selected Shaun Donovan to be his Secretary of Housing and Urban Development. Please view the information in the video above, and here is a link to the text of this Weekly Address statement.

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R.E.D. Alert: Lose Your Home, Lose Your Vote!

Posted by: Red Vixen  :  Category: Election 2008, Fresh Juice, Morals, Presidential race, R.E.D. Alert, RNC 2008, Republican Party, economy, racism, rnc

R.E.D.(Real Estate Diversion) Alert. When you need to take a break from politics, give your mind a rest in Real Estate.

Obama Campaign Joins with Michigan Families Facing Foreclosure to Defend Voting Rights. The complaint (copy of complaint)  filed today seeks declaratory and injunctive relief to challenge the “lose your home, lose your vote” vote-suppression program adopted by the Macomb County Republican Party, in concert with the Michigan Republican Party and the Republican National Committee, as well as unnamed Defendants who will implement the scheme at polling places in Macomb County and throughout the State. This “lose your home, lose your vote” program is part of a broader scheme - misnamed an “election integrity” program - to harass voters and suppress the vote throughout the State of Michigan in the upcoming election on November 4.

Heartlessness on Steroids.   “Senator McCain said last week that he was ‘divorced from the day-to-day challenges people have,’ and he certainly has proven that to Michigan families,” said Obama Campaign Manager David Plouffe. “Senator McCain has no real plan to turn Michigan’s economy around or help families faced with losing their homes - so his party has decided the only way to save his campaign is to deny the right to vote to families most affected by his disastrous economic policies.”

The leading foreclosure firm in the state seems to be a major supporter of the GOP’s election efforts.  That’s a connection worth exploring–a law firm to file the foreclosures and a political party to challenge voters based on those same foreclosure filings. Article.

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R.E.D. Alert: Doing the Camile St. Churn

Posted by: Red Vixen  :  Category: Fresh Juice, OC Real Estate, R.E.D. Alert, Santa Ana

R.E.D.(Real Estate Diversion) Alert. When you need to take a break from politics, give your mind a rest in Real Estate.

   920 W. Camile Street, Santa Ana, California

Is this home worth well over a half million dollars?  It was actually purchased in January of this year for a hefty $625,000 by a couple who have another home in Santa Ana, they both hold jobs as garment workers at St. John Knits and they support three children.  The Gomez family wanted a three bedroom place for their growing family and they simply could not pass up this terrific deal over on Camile St., Santa Ana.   This is a second home purchase, making the Gomez family landlords of their previous residence.  There have been some unusual features to this  O. C. Register story - among them is a mystery person who put $125,000 as a “down” to help complete the  transaction. This property supposedly doubled in value from October 2008 and January 2009 (mere months!).   How in the world did garment workers “qualify” for the enormous loan and debt load? Will they ever receive the promised 52-inch television and $30k bonus cash to complete the deal?

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Stop the Bailouts

Posted by: Red Vixen  :  Category: Fresh Juice, R.E.D. Alert, Recession, economy, ethics

Excellent video explaining why we should fight bailouts.  Ask yourself this:  The last time you made a big financial mistake did the government bail YOU out?   No?  Well then why should us taxpayers bail out guys who got rich using fraud and now are crying for a bailout?  Watch this video. 

R.E.D. Alert: Floral Park - What is your house worth?

Posted by: Red Vixen  :  Category: Fresh Juice, OC Real Estate, R.E.D. Alert, Santa Ana

 

R.E.D.(Real Estate Diversion) Alert. When you need to take a break from politics, give your mind a rest in Real Estate.

My House is Worth What  is a hit real estate show on HGTV that wants to give homeowners tips on how to make the best investments in their home. What we do is evaluate homes that have been remodeled/updated/restored by the current owners, consider the improvements made and the costs paid, and provide feedback on whether or not those changes added value & marketability… Or Not!  We will select a local Realtor to provide the evaluation on camera.

We are looking for approx. 3 homes in Orange County, and we are specifically interested in Floral Park and Downtown Historic Orange.  However, we are open to other homes….

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R.E.D. Alert: Why Mikey Harrah cannot build his dream

Posted by: Red Vixen  :  Category: Fresh Juice, OC Real Estate, R.E.D. Alert, Santa Ana, economy

R.E.D.(Real Estate Diversion) Alert. When you need to take a break from politics, give your mind a rest in Real Estate.

Real estate booms and real estate busts are cyclical in nature.  All indications are in that we now have a bubbly bursting of real estate. Bold construction projects like high rise buildings and high density towers are seriously struggling in Irvine, the Inland Empire and various other boom-town real estate areas.   Real estate busts happen all over the world and some take many years to resolve. 

#1 Broadway Plaza is currently on hold because Michael Harrah cannot secure a 50% occupancy rate going forward - a target rate which would allow construction to begin on his dream towers.   Is this contingency necessary?  Why not just let the guy build in the middle of Santa Ana and take the natural consequences of probable unsustainable low occupancy and lack of rent receipts?  Would it even matter if the place was left completely unoccupied?  A lot of action in Santa Ana seems to come in a few days late and about 10 bucks short, so why can’t the guy just power through the bureaucracy and build his dream?    Read more…

R.E.D. Alert: Forclosure slip? Free booze on the house!

Posted by: Red Vixen  :  Category: Fresh Juice, R.E.D. Alert, Recession, economy

R.E.D.(Real Estate Diversion) Alert. When you need to take a break from politics, give your mind a rest in Real Estate.

I don’t think anyone has yet mentioned the R-Word around here in any serious fashion, so I’ll say it:  Recession.   There is an old joke among economists that states: A recession is when your neighbor loses his job.  A depression is when you lose your job.  It sure is looking like a full-blown recession has settled in.  I know a good number of people who are now out of work.  Some analysts are predicting a Depression before things get better.  I don’t know if I endorse that level of gloom and doom, but there are a number of businesses who are calling out the R-Word boldly, and they are trying their best to  make things a little easier on their clients. Read more…

R.E.D. Alert: Santa Ana ranks number one in June 2008

Posted by: Red Vixen  :  Category: "The OC", Fresh Juice, OC Real Estate, R.E.D. Alert, Santa Ana

R.E.D.(Real Estate Diversion) Alert.

We’re number One!  We’re number One!

According to the recent DataQuick June homebuying report, residential real estate located in 5 out of 11 Santa Ana zip codes experienced the steepest price declines in Orange County.  While this might not be good news for anyone who bought a home last year or for anyone who wants to sell a home this year, the good news is that Santa Ana real estate just got a whole lot more affordable for potential home buyers.  Which six local ZIPs made the dirty half dozen list?  Would it suprise you to learn that brand new homes have declined an average of -50% this past year?

Ouch, Willowick!

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R.E.D. Alert: Does the City Care at All?

Posted by: Red Vixen  :  Category: Fresh Juice, OC Real Estate, R.E.D. Alert, Santa Ana, ethics

R.E.D.(Real Estate Diversion) Alert. When you need to take a break from politics, give your mind a rest in Real Estate.

Do you remember this place?  No, it’s not your typical fixer-upper foreclosure in Santa Ana  going for a 70% discount.             ;-)

twist basler home

Hint: It is a valuable piece of Santa Ana history and it’s just rotting there in the elements on construction site, One Broadway Plaza.

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R.E.D. Alert: Where in the Ward are You?

Posted by: Red Vixen  :  Category: Fresh Juice, OC Real Estate, R.E.D. Alert, Santa Ana

R.E.D.(Real Estate Diversion) Alert. When you need to take a break from politics, give your mind a rest in Real Estate!mental ward

Where in the Santa Ana Wards are you? Santa Ana’s geographic council wards, to be more specific!  Santa Ana takes up a big chunk of real estate which has been divided up into 6 sections, each represented by one council member.

What has your Council Rep done for your property values lately?   What are their pet projects that impact your neighborhood and residence?   Why did Michele Martinez give so much of her time volunteering at SAUSD to pass Measure G?  Why- the school district office is smack dab in the middle of her Ward 2!  Which of the council members have been the most helpful to Mike Harrah in his attempts to construct One Broadway Plaza? Who’s selling Willowick down?  Would it suprise you if Sal Tinajero was present to congratulate high school graduates at Saddleback High School?  It’s should be no suprise, because SHS is part of his Ward 6.

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R.E.D. Alert: Spring 2009 loan resets

Posted by: Red Vixen  :  Category: Fresh Juice, R.E.D. Alert

A R.E.D. (Real Estate Diversion) Alert

According to this recent Business Week article there will be blood in the streets in the Spring of 2009, when over 1million option ARM loans reset.  This is more than a speculative guess on what is in store for the local real estate markets.  The rates of delinquent ARMs are steeply on the rise right now -well ahead of the actual resets.  Subprime idiots, right?   Wrong.   What makes this report alarming is that  these loans were generally given to folks with good credit, most of whom are still only making minimum payments.   Read more…