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Where more mansion listings are under $1 million
Excerpt:
Just 0.32 percent of U.S. homes bigger than 6,000 square feet were priced under $1 million. The largest concentrations of such homes were in Utah with 1.4 percent, Georgia and Indiana with 0.9 percent each, and Maryland with 0.8 percent.
Trulia also found that the states with the lowest concentration of mansions priced under $1 million were Arizona, California, Nevada and Hawaii, each with 0.1 percent.
My comment: What's this market like in your area? In mine, 2,000 sq.ft. new tract homes sell for over $1,000,000. But, they are not over 6,000 sq.ft. I gotta check my MLS!!
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Billionaire Bunker Mansion
Inside the massive 77,500 sq ft apocalypse shelter built at the height of the Cold War and carved deep into a Czech mountainside.
Excerpt:
Billed as 'the largest billionaire bunker in the word' this nondescript collection of low level buildings spread across several acres does not immediately strike the viewer as the ultimate in doomsday defences.
But The Oppidum, a massive 77,500 square foot underground bunker in the heart of the Czech Republic has been specifically built with the end of the world as we know it in mind.
Designed for just one owner, it is it the largest private shelter in the world and features a private helipad, luxury underground living rooms and a secret corridor connecting the buildings above with those below, allowing its residents to quickly access safety when they feel threatened.
Even its location was strategically chosen in central Europe, in an undisclosed rural area close to Prague and less than two hours from both London and Moscow by private jet.
They claim in cases of less catastrophic situations, the bunker will allow the inhabitants to survive natural or man-made disasters, or long-term power outages for up to 10 years.
A spokesman said: 'The bunker will be able to provide long-term accommodation for residents - up to 10 years if necessary - without the need for external supplies.
'This would involve large-scale stocks of non-perishable food and water, along with water purification equipment, medical supplies, surgical facilities, and communication networks with the outside world.'
My comment: definitely good for zombie apocalypse, alien invasion, etc. Appears to be for sale, but no price is listed.
Check it out - fotos, video, floor plans, etc. Very interesting! Scroll down the page to check out the 324 comments.
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Quicken Loans considers quitting FHA loans
Excerpts:
The contentious legal battle between Quicken Loans and the Department of Justice over the DOJ's allegations that Quicken violated the False Claims Act by "knowingly" submitting hundreds of "improperly underwritten" loans insured by the Federal Housing Administration may just be enough to drive Quicken Loans out of FHA lending completely.
According to a report from Reuters, Quicken Loans, which is currently the largest FHA lender, is considering ending its participation in FHA lending entirely, citing the government's aggressive enforcement policies as the main reason for potentially dropping FHA lending.
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John Shrewsberry, Wells Fargo's (WFC) chief financial officer, recently said that the San Francisco bank will not make loans to FHA borrowers with low credit scores because of their higher rates of default.
In addition, Kevin Watters, CEO of Chase Mortgage Banking, said in an interview with CNBC that the FHA's loan requirements look an awful lot like subprime lending.
"FHA requirements are down to a 520 FICO (credit score) and you only have to put 3.5% down; that's subprime lending, and we're not in the subprime lending business," CNBC quotes Watters saying.
My comment: it's not just appraisers that don't like FHA!!
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