by Roberta Murphy Brad Inman this morning wrote an excellent article about the mortgage and real estate crisis that has gripped so many markets in the United States–and elsewhere. In The Housing Market Blame Game, Inman reports that even formerly raging real estate markets that were once seen as unshakable, such as Manhattan, are now beginning to share the pain with regions that had collapsed earlier. Many blame the real…
by Roberta Murphy Luxury real estate circles are abuzz with the latest report that two top producing Beverly Hills agents have been indicted for their alleged participation in a mortgage fraud scheme. The LA Daily News reports that Joseph Babajian and Kyle Grasso have been suspended by Prudential California Realty, and are under orders not to conduct any real estate business until federal charges against them have been resolved. Both…
by Roberta Murphy I must be crazed to write a title like that because we are courted almost daily by San Diego mortgage lenders and brokers who want our real estate business. We deal with a number of home buyers and feel an enormous responsibility to recommend the best mortgage professionals in the business. I am convinced that the San Diego real estate and mortgage market has far too many…
by Roberta Murphy Investment in high end real estate markets can be a challenge for most buyers. If the price of the real estate does not intimidate, then the low cap rate, or return on investment, will. In fact, carrying costs v income on luxury real estate investments are often negative for many years, or until the property is sold. With real estate investors in our expensive San Diego market,…
by Roberta Murphy Several months ago, in an interesting discussion with Marc LaChance, I was introduced to off-the-grid homebuilding. Marc has a plan and the means to build homes where electrical, telephone, gas, water and sewer lines do not run. I saw some early plans for his homes, and was highly impressed with their beauty, functionality and earth-friendliness. It seems when one door opens in the mind, it leads to…
by Roberta Murphy Two years ago, I met a wonderful couple who lived in a lovely custom home overlooking La Costa Resort and Golf Course. The view from their Carlsbad, CA home was picturesque and their home seemed to suit them perfectly. They were both successful writers, worked from home, and appeared to enjoy an idyllic lifestyle. Their La Costa luxury home was on the market, and I was surprised…
by Roberta Murphy I just heard from Eric Carlsen that he and Online WalkThru were going to be hosting the new Vox One weekly video webcast. This program will center on the luxury home market, luxury mortgages and lending, new home and real estate technologies, top luxury real estate agents and changes taking place in the luxury home market. I have always been a fan of their luxury home video…
by Roberta Murphy The Real Estate Tomato hosts a number of real estate blogs throughout the country–and provides guidance regarding blogging basics, layout, design and the technical tangles that occasionally plague us all. Keith Jeppson with Salt Lake Speaks suggested that we create a blogroll of all us folk on the Tomato Vine. Since blogrolls seem to be on the outs with search engines, I have taken to including my…
by Roberta Murphy Early weekend mornings are quiet around our household. The guys like to sleep in, the parrots are quieter than usual and I have the luxury of spidering around the web and spinning ideas. The newspaper still sits in the driveway, and will remain there until Eric, our middle son, goes out to retrieve it so he can read the sports pages. Until that time, the world is…
by Roberta Murphy This may arguably be the most expensive and tallest private residence ever built. Indias wealthiest man, Mukesh Ambani, 50, is slated to begin construction of a billion dollar glass and steel skyscraper home in Mumbai City, the financial capital of India. The 27 story building will be designed to house his family of six and staff of 600, with six floors dedicated to the storage and parking…
