News Articles Blog

By: R. Sebastian Gibson, Attorney At Law

It is January 21, 2008, and not only is the word ARecession@ being used more and more frequently by analysts, we are now starting to also hear the word ADepression@ as a possible outcome of this economic crisis facing the United States and possibly the rest of the world.

As this article is being written, the stock markets around the world have started to fall more precipitously with most of the markets in Europe, Asia, China, Latin America and Canada falling from 5% to 8% overnight.  U.S. markets are expected to fall over 500 points when the U.S. markets open again for business on the Tuesday following the Martin Luther King holiday. Continue Reading »

By: Realtor And Attorney, R. Sebastian Gibson

There is usually little to be gained by attempting to find someone to blame when a calamity such as the current housing crisis occurs.  Even if one were to determine exactly what was done wrong, there is little chance that by the time another such crisis is about to occur, that such a determination will be remembered or have any value.

Indeed, what may be about to cause the world’s next depression, is quite unlike what caused the depression of the 1920s. Continue Reading »

Many high quality manufactured home developments were first developed as rental or lease communities and later through the resident or homeowner association efforts or through owner determination, the development was converted to resident ownership. One of the most popular methods of park conversion was through a condominium plan. Continue Reading »

Many mobile home parks and manufactured home communities began as rental parks where space rent was dictated by location, size, date of purchase and cost of living increases. It has become increasingly popular for residents to desire a greater control over their living situation and costs associated with their residences, thus converting the park to resident ownership has become a rising trend. Continue Reading »

by R. Sebastian Gibson, Attorney and Realtor, Rancho Mirage, California

The bad news is there for anyone to see. It’s on the newspapers, it’s on the TV and it’s coming from all the financial advisers. The housing market in California is looking bad, real bad. New home sales are down, existing home sales are down, mortgages are hard to get. The latest pronouncement is that the housing problems may not peak until 2009, two years from now. In the interim, articles are now coming out in the financial sections that we can expect double digit declines in the price of housing over the next few years. Continue Reading »

by R. Sebastian Gibson

As of October 2007 with Halloween approaching we have both good news and bad news as they relate to the housing market in the Coachella Valley. Trick or Treat. You want the good news or the bad news? Good choice. We’ll discuss the good news first. Continue Reading »

By Sebastian Gibson

There is a common misconception that if you don’t use a Realtor or a real estate agent to buy or sell property California, you can save money. This could not be further from the truth. Continue Reading »

By Sebastian Gibson

A year ago, population projections for the Inland Empire and for the
Coachella Valley in particular were dynamic. The Coachella Valley
was growing at a rate of 29.5 percent compared to 9.7 percent for
California as a whole and 4.9 percent for the U.S. as a
whole.The Coachella Valley real estate was growing by 47 people per day. In the
Temecula Valley real estate, the rise in the past six years has been even
more dramatic, rising by 62.7 percent. Continue Reading »

It has been a matter of great discussion now for the last year not
whether there was a bubble in the California real estate
housing market (there was), but whether it has really burst yet,
whether it only partially burst, whether that little pffft you heard
was the bubble actually popping, or whether it is yet to pop, or is now
set to re-inflate yet again. Continue Reading »

By Sebastian Gibson

It is now the end of June 2007, summer is in full swing, and the
California Desert Area real estate market is like a sailboat stuck on
a calm ocean with absolutely no wind. The sail boat is going nowhere
and the longer it sits there, the worse it might become as the passengers
run out of food and water. On the other hand, if the wind picks
up, you might be tempted to say that everything will be fine once again. Continue Reading »