Recent content by lowlyrenter_IHB

More talks about a turnaround

Just to draw a similarity between the stock market and the housing market, although a bit inappropriate but gives one an idea about the economy. Glance back to the depression 1929-1933, people thought the recovery in 1929 spring was the recovery from the depression (does it sound similar to the...

Hi, A friend of mine is renting a property from a private party and wants to know if the owner is current on the mortgage, HOA. Thanks in advance.

Interesting article on "Shadow" inventory. "Shadow" inventory lurks over U.S. housing recovery(Reuters) Note: "Shadow" here refers to the pent up supply and not bank owned shadow inventory.

IMHO Irvine prices reaching $250/sqft levels for a SFR is unlikely, although one can never be sure, if the sh?t hits the fan, we sure can get there. As SoCal pointed out above and if you look at charts on Foreclosure radar etc., there is a lot of NOD activity as well as Trustee sales going on...

In absorbing most of the posts on this forum and the blog the sentiment is "do what suits you and your family needs". Most advice or points made by senior members seem to indicate 1. Prices are going to drop further just based on fundamentals (income ratio, unemployment, shadow inventory etc.)...

Couple of years ago a prostitution ring was busted at Villa Coronado, http://cbs2.com/local/Kyung.Ah.Lee.2.536559.html. Comment in the article from one resident

I live in Irvine and would love to stay here, but median housing has to come down about 4x of median income to be affordable. Wife moved from West LA and loves it here, would not want to raise a family any where else.

Deja vu, that sounds like my father-in-law from a week ago!! My father-in-law was a bear (maybe still is), but since last week he has been saying its time to buy. This is sudden for a person who experienced the 70s as well as 90s bear market and made a fortune.

I agree partially with both hs_teacher and graphix. I've a couple of close friends who are teachers, and they tend to say the following: "Parents who take an active interest in their kids' education directly and indirectly contribute to the success of a school" E.g. 1. Parents' who care about...

Modified rice rockets and harleys are the biggest offenders IMHO (most modifications are not street legal). I am surprised that Irvine cops do not go around giving tickets to these people, as they do not have anything better to do anyway :).

Work in HB live in Irvine.

Couple of things to consider. 1. 10K in closing costs means 10K more in the bank, which can be invested to cover the reduction in sales price, as well as used as emergency fund. 2. 10K in sales price reduction means 10K less to finance, which means less interest to pay as well as lower...

I agree with you on the seriousness of these sellers. Do you think these sellers are planning to "move-up" or retirees looking to move? Irvine seems to be full of such sellers when it comes to SFRs. If they intend to sell, prices need to be inline with the market demands.

Someone I know bought the same floor plan exactly a year ago May 2008 for 720K, was recently appraised at 670K couple of months ago. Although it did not have any upgrades, I do not think that should make such a BIG difference.