Recent content by jrichardsn_IHB

I was just minding my own bizness I swear! ;-) I would have had that conversation in indoors, not out where the whole neighborhood could hear. I guess he's not used to living on top of his other rental neighbors...

That HAD to be Santa Ana...

I was sitting on my balcony at my Newport Coast IAC townhome rental this afternoon enjoying the good weather and a cocktail, and overheard our new (now renting) neighbor as he sat on the patio and discussed with his lender how he cannot make his payments and is giving up his Newport Beach home...

http://www.redfin.com/CA/Newport-Coast/7-Serenity-92657/home/5922219 This comp killer is a short sale listing $900k or about 50 percent from $1.9 sale in 05. Just fishing?

These people obviously love their VIEW: View: Bay, Catalina Island, Coastline, Harbor, Marina, Ocean, Panoramic, Pier, Has View, Water, White Water FABULOUS VIEW!..... THIS VIEW IS BREATHTAKING.... A SINGLE STORY COTTAGE BY THE SEA.... THE BEST VIEW IN ALL OF CORONA DEL MAR. LOOKS OUT TO THE...

I'm curious as well. I am well aware of the debacle with the banks and investment banks, but don't know any reason for PIMCO to collapse...

Thanks, but I'll enjoy my revenge (shadenfreude) cold... http://en.wikipedia.org/wiki/Revenge "The first written appearance of the proverb "revenge is a dish best served cold" is often credited to the 18th century novel Les liaisons dangereuses ("La vengeance est un plat qui se mange froid")...

'Revenge is a dish best served cold...'

58 Chandon just listed on redfin in Newport Ridge for $999k, but just down the street same condo at 39 Chandon is listing for $800k or about $200k less. WTF...

http://www.redfin.com/CA/Newport-Beach/17-Bay-Cove-Ln-92660/home/5722716?utm_source=myredfin&utm_medium=email&utm_campaign=listings_update&utm_nooverride=1 This Newport condo off Jamboree was bought in 2007 for $1.260mm and the flipper then listed it in May 2008 for WTF $1.675mm. Seven months...

Redfin says the Craptastic Tuscan sold for $585k in 2002, but was built in 2005 afterwhich it sold for $2.6mm. The 2002 purchase must have been for the raw land?

Is anybody here following Newport Beach? The price for the home below was dropped an eye-popping $440,000 from $1,389,000 list price to $949,000. I presume this must have gone back to the bank. Any good resources on the Newport Beach/Coast market...

Are these few large transactions skewing the medians for Newport Coast?

I recall recent charts of percent changes in OC default rates show NC 92657 as having one of the highest percentage increases in defaults. Of course the absolute number are still relatively low, but this should be a leading indicator of rising foreclosures and falling prices in NC...

http://www.nmusd.us/depts/enroll/DISTRICT/district8x11.jpg