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>California Leads In High Priced House Sales


Sold! A Look Back at 2010’s Most Expensive Real Estate Sales

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See 2010’s Most Expensive Home Sales

While the past few years have been tough on real estate, the market still saw plenty of double-digit, multi-million-dollar sales in 2010. Looking back, here are some of the
notable sales from 2010

1. Le Belvedere – Bel Air, CA

Listed at: $85 million
Sold for: $50 million

Inspired by the Palace of Versailles, this 38,000-sq ft mansion was the most expensive real estate sale of 2010 with a final sale price of $50 million. It was originally listed for $85 million starting in 2009. 

See Le Belvedere


2. Beauty on Billionaires Beach – Malibu, CA

sold-carbonbeach Listed at: $57 million
Sold for: $36,969,000

This 12,785-sq ft estate is located along Malibu’s coveted Carbon Beach, which is also known as Billionaires Beach, where celebs such as David Geffenand Jennifer Aniston also own homes. 

See Beauty on Billionaires Beach

3. Pebble Beach Jewel – Pebble Beach, CA

Listed at: $25 million
Sold for: $18,750,000

Cradled in beauty near Pebble Beach’s famed17-Mile Drive is this newly built estate of 9,750 sq ft where indoor-outdoor living is punctuated by the sound of crashing surf or the thwack of agolf ball.

See Pebble Beach Jewel

» See More Notable Sales of 2010

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>Foreclosures Up Almost 50% In May

Foreclosures Rise 48% in May
As U.S. Housing Woes Deepen
Associated Press
June 13, 2008 9:10 a.m.

WASHINGTON — The number of U.S. homeowners swept up in the housing crisis rose further last month, with foreclosure filings up nearly 50% from a year earlier, a foreclosure listing company said Friday.

Across the U.S., 261,255 homes received at least one foreclosure-related filing in May, up 48% from 176,137 a year earlier and up 7% from April, RealtyTrac Inc. said.

One in every 483 U.S. households received a foreclosure filing in May, the highest number since RealtyTrac started the report in 2005 and the second-straight monthly record. RealtyTrac monitors default notices, auction sale notices and bank repossessions.

Foreclosure filings increased in all but 10 states. Nevada, California, Arizona, Florida and Michigan had the highest statewide foreclosure rates.

Metropolitan areas in California and Florida accounted for nine of the top 10 areas with the highest rate of foreclosure. That list was led by Stockton, Calif. and the Cape Coral-Fort Myers area in Florida.

The story said that 50% to 60% of those receiving foreclosure notices would actually lose their homes. The remainder would refinance or make repayment agreements with the mortgage companies and banks.
Read the entire AP story:

>Most California People Were Illegals Once

In an effort to be completely fair, I am publishing something that many of my conservative bloggers may disagree with. It represents the result of a blog by a liberal in California:

It came from a liberal blog in California called Brave New Films http://www.
Study: Most Legal Immigrants Were ‘Illegal’ at One Time
Posted by DREAMActivist

It appears that things don’t happen in a STRAIGHT line (neither do brain waves and heartbeats FYI).

After my constant repetition of “undocumented or illegal is not a permanent immutable characteristic” this past week, the Public Policy Institute of California has just confirmed the accuracy of the statement.

In a new study based on a survery of 8,000 people, the Public Policy Information Center (PPIC) found that 52% legal residents in California had past experience of living in the country illegally at one time or another. It absolutely smashes the ill-promoted dichotomy of legal/illegal, proving that binary modes of thinking about immigration policy are superficial, baseless and untrue.

Now, it’s only fair for me, a conservative, to refute this garbage above:

1. The PPIC is a liberal think tank, nothing more, nothing less, though it’s board of directors consists of a former insurance company president (some of them are idiots. I know, I used to be one in Minneapolis), and a Chamber of Commerce executive. Chamber people are all for more Latin illegals coming to America, no strings attached except that we owe their children free educations, medicine, and every privilege given to legals.

2. The law is the law. There definitely is a difference between a person who has come to America legally and one who stepped under or over the fence to come here without visas, etc. If illegal and legal means the same to my PPIC friend, then black and white are the same. There is no right and wrong, and someone robbing a bank is as welcome as someone living the law. Nonesense! If there are no opposites in life, then there is no joy and there is pain. There are no bounds. No punishment, no rewards. That goes against all good logic and the Judeo/Christian concepts most of us were taught. Maybe because many Americans are abandoning religion and America is becoming secularized this garbage philosophy makes sense to some. Well, it doesn’t make sense to me–or to the millions of law abiding citizens in this country who serve in the armies and navies, who fight our wars, and who die for our freedoms. Arnold Swarzenegger has never done any of that. But this isn’t about him, necessarily. It’s about those . ne’er-do-wells who want to destroy America. But I’m not, and your not, going to let them.

My PPIC friend continues, saying: “It (his philosophy which he thinks came out in a staged survey) highlights how overly simplified our understanding of immigrants and immigration can be,” said Hill, who said a stark distinction between “illegal” and “legal” immigrants does not acknowledge the frequent correlation between both categories. “We need to be a little more cognizant of the variety and breadth of experience.”

But what does the above prove? Absolutely nothing, except a need for tougher enforcement of immigration laws in California by the liberal Republican governor, Arnold Schwarzenegger. And if he’s a moderate Republican I’m a raving idiot. Though I’m really a conservative and doubt if I could survive in California whose economy is greater than 90 percent of the governments on the face of the earth. But, as goes California, so goes the nation–unfortunately.