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  1. freedomCM_IHB

    Forget escrows, here's what prices in Irvine are doing...

  2. freedomCM_IHB

    "4 weeks and then all hell breaks loose"

    aka Antioch = Victorville
  3. freedomCM_IHB

    "4 weeks and then all hell breaks loose"

    It is never going to work out in the real world like that. 1. rents are going to decline as all these 'investor' houses come on line. 2. economy in these outlying areas is in the crapper, and will be for a long time as they formerly relied on salary earners doing long commutes. why...
  4. freedomCM_IHB

    Is now a good time to buy?

    Now is a great time to buy some bond funds
  5. freedomCM_IHB

    REOs will rise 50% in the next 4 months.

    I just got back from a drive through the central valley (hi vas!), and boy did it look bad, bad, bad. I stopped for dinner in a mall between stockton and sacto, and ti was basically empty at 8pm. you could get the front parking spot for the best buy, target, home depot, etc. we were the only...
  6. freedomCM_IHB

    Should we sell our townhouse in Pasadena before moving to Irvine?

    yay, 12 grand more than i would have guessed. glad that bidding biz worked out. thanks for the conclusion to the story
  7. freedomCM_IHB

    "4 weeks and then all hell breaks loose"

    banks = / smart
  8. freedomCM_IHB

    Understanding pricing in the Irvine Real Estate market

  9. freedomCM_IHB

    8 Mill Creek - Turtle Rock

    And do you think that he even made *one* payment?
  10. freedomCM_IHB

    8 Mill Creek - Turtle Rock

    Whoa! the dude got a 100% loan last september? I thought that had ended in 2007! What bank gave him a 100% loan?
  11. freedomCM_IHB

    Cityplace in Santa Ana

  12. freedomCM_IHB

    Turtle Ridge Price per square foot this winter?

    Well, if you look at equivalent neighborhoods that existed in the 90s (TR, or parts of NPB), they did get to rental equivalence. Why would the newer TR be different? say they rent at $5k/month, that would be $800k. That would require a $200k income. No matter how wealthy you...
  13. freedomCM_IHB

    500,000 Americans to lose unemployment benefits by Sept and 1.5 million by the end of the year

    maybe Feb or March
  14. freedomCM_IHB

    Plumber recommendations? Dishwasher doesn't drain

    patrickmaran-*dishwasher*, not garbage disposal.
  15. freedomCM_IHB

    REOs will rise 50% in the next 4 months.

    well, even if TheOC has half the rate of 90d delinquency that LA county does, that would be 5% of mortgages (9.6% for LAC). 1M housing units-30% paid off = 700k times 5% 90d = 35k at 90d. maybe the 15k units that BAC is anticipating isn't so far fetched, then?
  16. freedomCM_IHB

    Cityplace in Santa Ana

  17. freedomCM_IHB

    Turtle Ridge Price per square foot this winter?

    It looks nice, and is actually on a decent sized lot. But... I really wonder if there are enough households making 500 grand who have a big family and want to live up there, rather than down in NPB, to support the market?
  18. freedomCM_IHB

    Where is a good place to find high end furniture at bargain prices?

    Whenever I read "the price of X has likely hit bottom" my bullshit detector goes off. Do you have any data to back this up? Does everyone elses BS detector go off too?
  19. freedomCM_IHB

    500,000 Americans to lose unemployment benefits by Sept and 1.5 million by the end of the year

    man, is that from the comments? or is that Mish? either way, it is true. ~500k people per month will start falling off the back end of UE early 2010, which will be the 72nd week (or is it 79 now?) Do you think that they will see the writing on the wall, and make <strong>yet...
  20. freedomCM_IHB

    REOs will rise 50% in the next 4 months.

    <strong>From the main blog:</strong> <blockquote>Astute Observation by IrvineRenter 2009-07-21 05:57 AM ?The banks have done a good job holding inventory back, but they can only do so for so long.? There are about 350 REO for sale in Orange County. Bank of America owns 15,000...
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