Recent content by cdm__IHB

I think you are right about where each community is relative to each other (for example, I believe Newport Beach has a lot further to go than, say, the IE, or even the delta). However, even though they are closer to the bottom, calling the bottom in the face of high unemployment and record...

freedom, I appreciate the confidence. However, I also realize that the bane of most experts is that they grow to liking the smell of their own BS. Having my ideas run past the likes of IR, Graph, et al, ensures I that do not end up with a narcissistic regard for my own ideas...

The Atlantic blogger Conor Clarke <a href="http://business.theatlantic.com/2009/05/have_we_hit_the_housing_markets_bottom.php">posted</a> on the New York Times story that theorizes that there is a bottom in Sacramento County. What could be better than a Times bottom calling story, you ask? In...

You know, I used to be able to spell! ;-)

I would like to get in on this protectionism/trade issue. On eof the challenges that we have is that we are a very mature economy. For example, we have the highest saturation of automobiles per capita in the world. We raelly do not need that many more cars, which is one of the problems...

If you ask Mrs. cdm what i dislike most about tract houses, she would tell you, instantly, that it is the garage in front. I grew up in a 1927 California Craftsman style home, with a narrow driveway to a grarage in the back. Having the house in front just looks pleasing to me. San Pedro...

awgee, All of the money to be used in the stimulus will have to be borrowed, via the issuance of Treasury notes. Some will be issued through normal auctions. However, the government wants to keep interest rates down, borrowing the entire sum via these auctions may cause the interest...

I think my objection is the gloating by the Obama supporters that they have reclaimed the moral high ground, when in fact the circumstances dictate that there is no moral high ground. If one of these detainees is released and returns to the battlefield to kill an American GI, would you...

Bitserv, Sorry to dissapoint you, but it looks like Obama is leaving a back door on torture: <blockquote>"But the orders would leave unresolved complex questions surrounding the closing of the Guant?namo prison, including whether, where and how many of the detainees are to be...

My perspective is that the builders - in this case, SPF - would not have been able to seel the units they did without this type of customer. If they had to share the "legitimate buyers" with Emerald, Laguna, CdM, the Pelicans, Shady, Balboa, the islands in the bay, Bear Brand, etc., they would...

Sell, Are there any REO's in CC right now?

One other note on places such as Crystal Cove - the banks are not going to sit on REO's much this year. All the news out tof the banks in the past few days is that the banks are grossly undercapitalized, so they will be selling homes much faster.

Skek, I think that the Crystal Cove Prices are going to come down even more than you project. Right now, a "get 'er done" price is in the eights. I think that the pool of potential buyers for that sort of thing is a fraction of what it was at the peak, and that the law of alternatives...

Blackvault, you're going Croatian on me! Try the Cevapi at Pavic's in San Pedro (I believe it is on Alma). Pavic makes his own sausage and bread everyday, and he does a mean Croatian pizza. His kraut is really good, too. You can see a write up...

Over Christmas we were in Seattle, and we got a free suite upgrade at the Monaco.