Bakersfield home prices continue their decline.
Here are the latest numbers for some selected areas from the CAR:
- Bakersfield down -10.9%
- Tehachapi down -17.9%
- Kern County down -11.8%
- Visalia down -11.6%
Does everyone recall the days when real estate only went up?!?!?!?
From KGET.com we get a Crisp update. Be sure to watch the video. This report focuses on his sister in law and her involvement in the "shenanigans":
Megan Balod, 29, is Crisp’s sister-in-law. A year ago, she went on a shopping spree in southwest Bakersfield and bought a house on Walderi Street for $380,000, as well as a house for $920,000 on Covent Garden Court, and a home on Vista Bonita for $549,000.
Then, in one week last May, she bought two houses, one for $795,000 and another for $475,000. In all, records show she borrowed more than $3 million that spring.
That's more than $15,000 a month in interest payments for Balod, who answers the phones at her father's CPA business.
She's the only borrower listed on the loans; even her husband has been taken off the deeds. Balod's sister is married to Crisp, so one might think she'd get a good deal when she goes house shopping.