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Solar panels getting cool reception from homeowners associations
This is an interesting post if you are interested in installing Solar panels. Last year we did contact with 2 Solar providers and the cost was way prohibitive since we are only an average of $110 per month of electric bill. But there could be other justifications...
Persistence pays off for underwater mortgage in Stockton
Nice win for the middle class with an underwater mortgage where the home value is much lower than the current value of the home. Stockton was one of the hardest hit areas of recession where the home values declined substantially due to over-buildin. The bank finally...
Mortgages: Advice on Lending to Adult Children
Most lender have programs for non-occupants borrower that can be on the loan to help with the approval of the loan. In this article, the mechanics of the process is discussed where the parents who do not occupy the property can remain on the loan for at least 12...
Shared housing for seniors a practical option
This is an idea whose time has come specially with the housing crisis in Silicon Valley where 2 income families can not afford to buy a home let alone seniors on fixed income. Happy Reading. Marilyn Philbin, 73, left, of Livermore, and her roommate Muriel Morua, 74,...
A Profitable Flip on the Upper West Side
This is an interesting look at flips that we have written a lot about in the past year. Most of our flip stories are about fixer upper opportunities, but this is yet another spin on the old method of buying low and selling after major rehab. Some of our investors...
Unhappy neighbors of proposed housing project in Sunnyvale
Interesting article on how the housing crisis is manifesting itself in different Silicon Valley cities, including Sunnyvale. The tech boom is creating more urgent need for housing which in turn is pushing the prices ever higher where majority of 2 income households...