by Roberta Murphy We now have the chance to read through the recent Stimulus/Spending Bill that was passed largely unread by our Congress. The earmarks and pork anger many, but there is good news on the real estate front: Owners of second homes and other real estate investments will now be able to refinance their mortgage loans if they are guaranteed or held by either FannieMae or FreddieMac–and if the…
by Roberta Murphy Mexico is struggling with a number of serious problems, including failed real estate developments along the Baja coastline–just south of the San Diego border. From the northern tip of Tijuana’s coastline down to Ensenada, Baja beach areas are spotted with the rusting remains of failed high rise condo projects. And one of the biggest failures is the Trump Ocean Resort Baja just north of Punta Bandera, where…
Roberta Murphy Investors are moving back into the San Diego real estate market with impatient wallets. And luxury real estate investors are no exception. They are seeking well-priced foreclosures, pre-negotiated short sales and most favored of all: Real estate investments with income streams. So-called bargains in sub-marginal areas may not be the wisest real estate investment move anywhere. Perceived bargains in outlying markets may be nothing of the sort, and…
by Roberta Murphy Last nights annual New Years Eve bash at the Murphy home was lots of fun for all, and almost everyone was ready to drop kick 2007 out the door and welcome the promise of 2008 with open arms. I thought 2007 had been put to rest (save for income tax drudgery); but when I opened todays email I discovered not one, but two 2007 accolades for Luxury…
