Recent content by financeguy_IHB

Initially I only noticed the 10.2% number, but unless I’m reading things wrong: “For those with college degrees, the unemployment rate fell to 4.7% from 4.9% in September, as the unemployment rate for those in management, professional, and related occupations slipped to 4.7% from 5.2%.” = more...

Yes, I would be paying cash, but do you know where I can find information on the properties being auctioned off in riverside though?

Does anyone know where I can find information on the properties being auctioned off in riverside? I assume one can find the best prices at the auctions at the courthouse. Ideally I want to buy a SFR in Riverside for under $75K. Do you think this is possible? Thanks for your help.

From the listing it seems like there is someone living on top of you (Floors = 1). Why would anyone want to pay 650K in Irvine to have someone live above you?

I agree with you with regards to the homes, , but with regard to the climate and geography, I think you are comparing things in September. Try comparing the two places in the winter. New Jersey will be cold and brown (no leaves or grass) and Orange County will be warm or mild and green (at times).

$55K is actually a price I could afford to pay at an auction. I wonder if there are similar priced homes going on auction at the courthouse in Riverside. What would be really nice is if there was a website that should a crime map of Riverside? That way you can tell which areas are really bad...

If the 8K tax credit does not get renewed, then it might have an impact in these areas. I'll keep my fingers crossed.

The consensus on this blog is that housing prices will go down in the next year or two due to the mounting wave of foreclosures. I was wondering if this applies to the already hard hit areas such as Santa Ana or Riverside. I am toying with the idea of buying an investment property (SFR) in a...

I’m confused about the decline in actual foreclosures since 2008. It seems that the number of defaults have gone up since 2008, but the number of foreclosures for sale have come down over the past year. I understand that the government programs along with the banks being overwhelmed, has...

There's been a lot of analysis done on this blog showing that prices have to fall in Irvine, in order to justify income levels. I was wondering if the same can be said about Corona Del Mar though. I really like the area, especially the village, but it's out of my reach right now. Given that...

I guess it's not that big a deal after all. Just wanted to check. Thanks.

I know that there are a lot of Asian buyers in Irvine and 4 is considered an unlucky number. I was wondering if it significantly impacts demand. I mean, if I want to sell a property in Irvine that is located on #4 NAME street, should I expect to sell it for less than a comparable property...

If that's the case, then why doesn't everyone do that, in all markets? Price all listings lower so it starts a biding war. Are there as many bidding wars happening in other markets, outside of the IrvineNewport area?

I’ve seen a lot of instances in Irvine, where a foreclosure or short sales hits the market and it gets multiple offers on it within a week. What I don’t understand is why it is priced “so low” to begin with. I mean if the selling agent lists a 3br SFR in Westpark at 600K, and gets multiple...

Out of curiosity why is North Lake four places down from South Lake and not right below South Lake?