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How far can house value fall? 30 percent? 50 percent? 99 percent? <a href="http://news.yahoo.com/s/ap/20081001/ap_on_fe_st/odd_cheap_home">Bid of $1.75 on eBay gets abandoned Saginaw home</a> With a winning bid of just $1.75, a Chicago woman has won an auction for an abandoned home...

Interesting. . .Dow to 8000? IR, I wonder if the current predictions for the economic future even exceeds what you expected when you first started blogging?

Okay.. . we are moving from one IAC complex to another but now have access to a "south" facing sky and thus an option of having satellite TV. I would like to get people's opinion on the age old question of Satellite v. Cable. Cox is incredibly expensive and it looks like they are...

My review of the DJ Plaza Traffic-Bad design. . .You have to either cut through H Mart or make a U-turn on Alton.. . . I sense Irvine Co. conspiracy :-) Parking was okay. . . but may be problematic when all of the stores open. 85 Deg. C-Awesome bread-fairly reasonable prices...

Try these quotes on for size: Palin: I'm all about the position that America is in and that we have to look at a $700 billion bailout. And as Sen. McCain has said unless this nearly trillion dollar bailout is what it may end up to be, unless there are amendments in Paulson's proposal...

I am sure you all know the fate of Wamu at this point. I am just glad that I got some of the government's money before it collapses. BTW: Does anyone know whether a bank (i.e. JP Morgan Chase) is required to honor the terms of accounts that they bought (i.e. Wamu). Simply put, is my...

To try and steer the thread back on topic: Some bad restaurants 1) Sumo Sushi. . . horrible everything. . . bad sushi rice, cold "hot" dishes, and not to mention expensive. 2) Shabu House (jeffrey).. super expensive. . . small portions. . .bland. Go to the pho restaurant instead...

I am still hoping for WAMU to fail next. .. I want my piece of the FDIC pie earlier than later. No where near $100 K in my account. Safe than any other bank.

I'm sorry but there is no good Chinese food in Irvine. Need to go to San Gabriel Valley for anything decent. The Seafood Sam Woo is okay but way too expensive.

Sorry no sushi for me. . . I get to go out to Victorville tomorrow . . . fun .. Weekend looks bleak too . . . Have fun all of you.

Thanks Eva. . .been busy working . . . .

Okay. . .not a big Taiko fan. Pretty good Sushi. . .pretty bad everything else. On top of that, a huge line and I prefer other places. The Niko Sushi in the Woodbury shopping center is pretty decent.

I guess homeowners are not the only ones having trouble keeping their payments current. <a href="http://www.cnbc.com/id/25569417">http://www.cnbc.com/id/25569417</a> We started to hear rumblings last week about how residential construction loans are weighing heavily on local banks...

The other part of the story is he does not talk about is that even if we hit bottom, we will stay flat for 5-10 years. Historically, homes go up 4-6 percent a year. . . it has only been the last couple of years that people went crazy. Thus even assuming we have hit bottom, the price of the...

Would never get a 3 story just for the moving alone. Usually the first story of a 3-story townhouse is mostly the garage thus to do anything you would have to go up one flight of stair already. Also, my experience with 3-story townhomes is that they are narrow and straight up. . .stairs...

A couple of thoughts. 1) It was settlement so I am assuming that NAR is going to get some $$$ out of this. Maybe Redfin would have to pay more since it does not actively provide listing to the service. 2) The Justice Department's issue is not directly focused on sites like Redfin...

My second favorite quote this year: "I am seeing more confidence amongst the buyers. . .when I speak to other realtors in the other parts of the country, some of them are saying that they are having their best year yet. . .. " (1:43-1:57) At least she seems at little more reasonable...

At this point, it is basically piling on a dead horse. . . heck, I need the post to get my McMansion <a href="http://www.cnbc.com/id/24268828">http://www.cnbc.com/id/24268828</a> "U.S. mortgage applications plunged last week, largely reflecting a drop in demand for home...

It is always a good time to go REO.