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Mortgage
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Written by Diane Wedner, Los Angeles Times
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Today's roiling mortgage market and still-high prices have made buying an entry-level house in Southern California seem about as likely for struggling first-time buyers as owning a villa at Italy's Lake Como. At least, that's how Christopher and Hedy Maar saw it. Then lightning struck.
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Mortgage
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Written by Diane Wedner, Los Angeles Times
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Recent turmoil in the financial market -- specifically the sub-prime mortgage mess -- has focused attention on the impact that a bursting U.S. housing bubble could have on the economy. Dean Baker, co-director of the Washington-based think tank Center for Economic and Policy Research, explained in an interview how the market chaos may affect homeowners and what possible solutions are available. Here is an edited transcript of his comments:
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The Home Search
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Written by Ann Brenoff, Los Angeles Times
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No more! Some agents say they are done coddling stubborn sellers and fusspot buyers.
Attention, you picky buyers who think you have all the time in the world to house hunt before you ink an offer. (And this goes double for those of you who think that a listing price is just some silly number pulled from the air and that you can offer 30% less.) Listen up: Agents are mad as hell and aren't going to take you anymore. |
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The Home Search
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Written by Peter Y. Hong, Los Angeles Times
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'How low can we go?' they ask uneasily. A lot lower, experts say.
Eric S. Broida wants to trade up. He has been eyeing a multimillion-dollar house near his Pacific Palisades home and thinks it might be a bargain.
Eventually, that is. The 4,600-square-foot house has languished on the market for six months. The sellers have cut the ask-ing price several times, slashing it from $4.6 million to $3.6 million. |
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