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Yugo = Hearthside homes/Cal Coastal/Brightwater. They built crap and eventually you will never see them again.

<a href="http://www.zerohedge.com/article/dow-10000-oh-wait-make-7537">The DOW isn't "really" at 10,000</a>. <em>Another great representation of the amazing loss of purchasing power by the US public are today's oblivious statements about the Dow at 10,000. While in absolute terms the Dow...

Both Gary Danko and Chez Panisse do great vegetarian dishes. Again, if money isn't an issue. FWIW, Gary is f'ing nuts in the kitchen, total Nazi. But... I know how to make one of his seafood salads that is freakin awesome.

<a href="http://mortgage.freedomblogging.com/2009/10/13/foreclosures-lowest-in-four-months/19539/">DataQuick came out with their foreclosure numbers today</a>. While the headline was rosy, the REOs once again exceeded REO sales, further increasing the shadow inventory and greatly increasing the...

I did the Long Beach one about... ugh... 13 years ago. It was fun. I was also told the LB one is better since it goes under several bridges, like you would in Italy. If I were to do it again, I think I would make the trip to LB because Newport doesn't seem as cozy IMO.

Mark Schniepp isn't even worthy of my rants anymore. Ask him who helps pay his bills. Then it is clear that he has a vested interest in a healthy RE market. Too bad one of those builders who paid his bills is now BK. Oops.

<a href="http://www.irvinehousingblog.com/forums/viewthread/6217/">There is a thread with some bay area restaurants</a>. If you are going to be there for a week, just hop on the BART and get off at the Rockridge/College Ave. station and head up College Ave to A Cote that I recommend in that thread.

^^^ That is pretty much what is happening. I can clarify on tranches if people are interested, but for the most part it is correct. Now if JPM bought a pool for $0.20 on the dollar, but can sell them for $0.40 on the $1 they make a nice profit. This is what is happening, and really... there are...