Recent content by mk3gtr_IHB

  1. M

    Thinking of going FHA 3.5% downpayment

    I've been searching for a home for the past 6 months and have gotten pretty frustrated with the current situation of the RE market. We are currently renting a townhouse in the SGV area, but my wife really wants to move to a more humid place with no carpet (she is very sensitive). I'm pretty...
  2. M

    Alternative to the First Time Homebuyer Tax Credit.

    That post was from Redfin's forums. http://forums.redfin.com/rf/board/message?board.id=OrangeCounty&thread;.id=1301
  3. M

    Long time lurker and bear finally bites the bullet in Mission Viejo

    Well, I'm not kicking myself for not getting it thats for sure. I guess the main feeling I have now is confusion. We all know that one of the main reasons RE pricing went out of hand in 2006 is that bank were accepting 100% financing and NINJA loans. Thus, the price of the house became...
  4. M

    Long time lurker and bear finally bites the bullet in Mission Viejo

    Sorry, should have been more clear. I'm not the buyer haha. I just asked my realtor what the final closing price was :)
  5. M

    Long time lurker and bear finally bites the bullet in Mission Viejo

    The property closed escrow this week. Final price *drum rolls* 570K!! EDIT: I'm not the buyer!
  6. M

    Woodbury East Opening July 11, 2009

    Anecdotal evidence, but I know of a few FCB that have bought houses in Irvine using all cash (+800K houses). I don't know how they avoid scrutiny by the IRS as they only report a few tens of thousands of dollars of income in the US every year. Their accountant is one of the most prominent...
  7. M

    Long time lurker and bear finally bites the bullet in Mission Viejo

    Yep...no condos or townhouse. Thus, no Irvine, Tustin or Tustin Ranch :P. Ridiculous HOA and Mello Roos. What do you think about the property in MV? I sort of feel that I won't get it at 520K. I dunno....I don't really feel like I just "bought" a house. I think I can live with a 10% drop...
  8. M

    Long time lurker and bear finally bites the bullet in Mission Viejo

    I've been a long time lurker of this blog (~2006) and just want to say this is one of the best forums/blogs about housing in south OC. Some background about myself: I got married 2 years ago and have been renting a townhouse since. In 2005-2006 I was predicting the collapse of the real...
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