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I looked at that community a while back and liked it a lot. Nice location right on the golf course, plus close to Tustin Marketplace but it feels like you're a little bit secluded. BTW, their 1 br + den plans are also great, and it looks like they've upped the price from $1685 to $1825...

ten - I also found in t<a href="http://forums.irvinehousingblog.com/discussion/410/">his old discussion thread </a>that the place sold for $440k in May 2007. Guess that owner was not in it for the long run...

<a href="http://www.redfin.com/stingray/do/printable-listing?listing-id=611317">8 Coralino</a>, Rancho Santa Margarita, CA 92688 <a target="_blank" href="http://i-0.rfimg.us/photo/46/bigphoto/242/S481242_1.jpg"><img width="300" height="225" alt=""...

I'm assuming that's the price the bank took it back for, but others could probably clarify better.

I looked up a place in that neighborhood for rent, and that bottom unit looks like it could rent for $1750. That place has been offered for rent for a couple months, though, so it appears the price could be kind of high.

And, <a href="http://www.redfin.com/stingray/do/printable-listing?listing-id=1497016">another down the street</a> that's 51% off the peak price and $25k away from the 2002 price: <a target="_blank" href="http://i-0.rfimg.us/photo/46/bigphoto/608/P623608_0.jpg"><img width="300"...

CalGal - Good call. I'll move it over there.

And, <a href="http://www.redfin.com/stingray/do/printable-listing?listing-id=1497016">another down the street</a> that's 51% off the peak price and $25k away from the 2002 price: <a target="_blank" href="http://i-0.rfimg.us/photo/46/bigphoto/608/P623608_0.jpg"><img width="300"...

58% off in Santa Ana... <a href="http://i-0.rfimg.us/photo/46/bigphoto/924/P620924_0.jpg" target="_blank"><img width="300" height="225" src="http://i-0.rfimg.us/photo/46/bigphoto/924/P620924_0.jpg" alt="" /></a> <a...

<img width="200" height="150" src="http://i-0.rfimg.us/photo/46/midphoto/230/genMid.P626230_0.jpg" alt="" /> Two in this neighborhood are now asking below $400k: <a href="http://www.redfin.com/stingray/do/printable-listing?listing-id=1541991">1520 Timberwood</a> - 2/1, 1,270 sq ft...

I would absolutely think the Salton one would have to drop, since it's 400 sq ft smaller and has 2 fewer bedrooms. Guess it depends just how bad a condition the Bolinas one I posted is in.

<a href="http://tinyurl.com/2pcjen">From Lansner's blog</a>, a real estate agent said: "Yes, for first time buyers it is especially a perfect time to go home shopping. Rents & leases will only be going up and up and up so hand on to your wallets renters! In a $2200, 3 bedroom, 2 bath 12...

IPO - <a href="http://www.redfin.com/stingray/do/printable-listing?listing-id=1588475">This one</a> is out of your coverage area in terms of size and type, but $270/sq ft in Northpark Square doesn't seem to bad (at least compared to now)

But...but...the Zestimate says it's worth $1.7 million!

<a href="http://www.redfin.com/stingray/do/printable-listing?listing-id=644611">In Nellie Gail</a>: <a target="_blank" href="http://i-0.rfimg.us/photo/46/bigphoto/980/S482980_0.jpg"><img width="200" height="150" alt="" src="http://i-0.rfimg.us/photo/46/bigphoto/980/S482980_0.jpg" />...

I've noticed sometimes they will be back almost every night...then other times I won't see them out for weeks at a time. Perhaps they are busy towing cars in other neighborhoods?

IR - I'm not surprised in the least. These are the same types who were calling a bottom months and months ago because conditions had gotten as bad as they did in the last downturn, so they figured it couldn't get any worse and "had" to improve.

NewVOC - It's also interesting to me that they mentioned something as a "towable violation." I've lived in places where they have patrolled, and they will tow cars that violate these rules but at the same time will not tow cars that are violating actual laws (that I'm assuming aren't...

I've heard similar things about them. They seem to take pleasure in making people as miserable as possible and towing as many cars as possible. Do they have quotas or something or get paid by the tow?

A reporter would get fired if they used the news judgment NAR does when they put together press releases. That's a perk of being on the PR side instead of the reporting side - you can pretend the most important part of the story is anything you want it to be...