Recent content by surfvland_IHB

I bought a vacation home FSBO. You can buy the standard purchase contracts and fill them out with the other party. Just make sure you use a good Escrow/Title company, and they'll take care of the transaction.

I agree with Lend. I think properties similar to this will be around $380K at the bottom.

I think capitol flow out of real estate and into equities will off set some or most of the negative effect on equities from reduced consumer spending. As for the credit market. Capitol will have to be parked somewhere for a return.

Entry Point, I think prices in the most whored out (overbought) areas have already fallen 10-15% from the euphoric highs of 2005. So taking that into consideration your assumption of another 10-20% for a total of around 40% from the top might be close. I think we have another 25% minimum to go...

You are renting in <strong><em>ORANGE</em></strong> for $2300 per. month and can hear your neighbors above, and don't have your own garage? Sounds like you might want to rethink your rental strategy.

You could also liken the sellers with time bomb loans to a stockowner that is heavily margined, giving him more incentive to "get out of the trade" and avoid a margin call. And a foreclosure would be analogous to his brokerage force selling part of the stock because the owner could not come up...

I'm looking in to World Currency CD's from Everbank.com. They offer a choice of a basket of currencies, or single country currencies. I feel that international equities will continue to outperform, until the declining U.S. dollar capitulates and turns to the upside.

When are we going to start hearing "<strong><em>Prices</em></strong> " in Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties were down 11.4% from last month and down 27.4% from July 2006??

<p>By the way I post to the Blog as "Fake Wealth Created"</p>

<p>They are breaking ground on some units off Jamboree at Kelvin and Murphy, near the Irvine Post Office. I've heard they will be low income. Excavation is under ground so looks like multi level with underground parking. The sign say Jamboree Housing --Granite Court. Funny this building will be...