Recent content by uppercuts_IHB

I just moved to the Minneapolis area from Irvine. I've followed the IHB for a couple of years and am looking for something similar in Minneapolis, but haven't had any success. The analysis and discussion are extremely helpful and I'm hoping to find someone that has started sorting through the...

no_vas, I do agree with the income limitations, especially in relation to the Orange County market. However, I still disagree with the comment on the holder of the second. They're going to lose that mortgage either way. The bill gives them a chance to share in any future appreciation.

Vas, The incentive for the second holder (if they're truly upside down) is that in the foreclosure process they'll probably get zip. At least this way they "might" get something off future appreciation. Obviously this will be case by case.

awgee, Actually there is an incentive for the primary lender. If they can hurry and get the refinance done, possibly stretching LTV, they probably can get the debtor into a mortgage at a home value higher than what it will eventually settle in at. Agreeing that the debtor probably...

I have to disagree with ipoplaya (hopefully, I don't get kicked out of the fan club =) I live in the Gables. Train noise is definitely NOT an issue. You cannot hear it in your house and I've probably only noticed it at all a handful of times since I moved in last fall. Friendly...

Either way your credit is going to suffer. I'm not sure this helps things... http://www.cnn.com/video/#/video/us/2008/03/14/lawrence.burning.homes.cnn

Paying $3k. Stating which plan narrows provides a little more info than I'd like to provide =). We looked at renting a bunch of places in Irvine/Tustin that were 2200-2700 sq ft before looking at our current place. Most of the rentals were older or smaller than what we're in now, not much...

I'm renting in the Gables. Train noise is really a non-issue. I probably hear the train go by once a day and it's not loud.

If you can't sell to residents of Orange County, you can always take advantage of the weak U.S. dollar =) http://homes.point2.com/US/California/Orange-County/Irvine/Marquee-Park-Place-High-Rise-Condominiums/414666-Real-Estate.aspx

Having the new developer continue with the Astoria plans makes sense. However, I think Lyon laid off most of the sales force.

FYI. I heard recently that William Lyon sold the rest of its land in Columbus Square and won't finish the Astoria build-out. Too bad. Plan #1 was my favorite floorplan in Columbus Square.

This is really terrible news for those of us that "correctly" assumed the current housing market wasn't sustainable... http://news.yahoo.com/s/nm/20071205/bs_nm/usa_subprime_plan_dc_8 It appears that the new plan will freeze rates on adjustable mortgages for a five year period. Holders...