Food for thought, courtesy of Zero Hedge:
"How <em>cheap</em> the S&P is as of April 30..."
http://2.bp.blogspot.com/_FM71j6-VkNE/Sgh1HZEWPaI/AAAAAAAACg0/Ncnl-5STrlA/s1600-h/comstock+P-E.jpg
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I agree. IR2 has also put in time helping me with answering many of my questions about the local real estate market, and has helped with property searches and general information gathering.
I have been up front from the beginning that I am not looking to buy any time soon, and he has never...
At a party this weekend a friend of mine was talking about the Parklane neighborhood in Irvine, and how some of the homes there are relatively new (early 2000's), but have very low HOA's and Mello Roos relative to other newer homes/communities in Irvine. I have never heard of this...
Did someone really get this for $728K in December and now listing for $845K? The listing doesn't incidate this is a short sale or that it went to the bank for $728K. $728K seems like it would have been a pretty good price for a relatively new Northpark home on a sizable lot.
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For those who need a visual representation of Awgee's (*cough* correct) argument, I suggest you spend some time plugging values into the NY Times "Is it Better to Buy or Rent" calculator:
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