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"how do you determine the "right rent' amount" Um, like any other free market system? If the landlord and tenant agree to a rental price, its the "right rent"? Not sure what your question is about here. If its really, "how do I get a good deal?", that's a different question.

"I looked at a house in Coto about three months ago to rent and it was STILL 380." Well, I don't live in Coto, I live in North Orange County. "There is a county island in between Orange/Tustin/Irvine/Santa Ana that my wife and I are planning to move to. Large (by OC standards)...

" If that was true in 2002 at a price of $206/SF, what do you think the GRM peaked at? 400?" Not sure, but I believe it was around 300-340.

IR, As to the rent question, if my memory serves me right, GRM for homes similar to mine at that time was in the area of 215-235.

IR, I took another quick look at the tax calculation, and perhaps you are right, it is closer to 25%. The difference is not caps on deductions, which do not apply at the income levels we're talking about ($150k/yr to purchase a $500k home), but rather the loss of the standard deduction...

graphix, I don't know why you are so angry about this whole situation. Real estate cycles are by their nature, cyclical. This cycle was, obviously, exaggerated by certain loan standards/machinations; however, you sound like someone angry that they missed out on the inflated tech stock...

IR, we had this discussion several months ago here: http://forums.irvinehousingblog.com/discussion/877 In it, I posted my calculations on GRM and how I came up with 200. Since that discussion, I see you made an improvement to your original GRM calculation (by adding in the benefit of...

Hmm... according to this study, then, from 1960-1995 the average GRM was between 218 and 240. I guess my estimate of 200 was just slightly low. But I always did say that my calculations did not take into account the long-term appreciation of real estate or any intangible advantages of owning vs...

This thread is being jacked... the OP's question is whether resale values would be different. Without knowing specifics, I think there is no disagreement that a SFR will have higher resale value than an identically-sized attached condo. If they are differently sized, then everything depends on...

Again, people who believe that the scientific community would conspire together solely for the sake of getting publicity or grant money are the same ones who believe that JFK was shot by 2 or 3 people, or that microwaving food is bad for you. Scientists are well known to be backstabbing...

Um, have never paid an annual fee for any of my CC in my life. Its not difficult to find a CC that doesn't have one. Irvine123, I never thought those balance transfers were worth doing, because once you do one, any debt repayments you make go towards the balance transfer, not your new...

I have four cards because it is more convenient for me to separate personal and business expenditures. For each, I have an AMEX and a MC/VISA. The best I have found is my AMEX Platinum Cash Rebate, which returns 1.5% with no cap. I have heard good things about AMEX Blue, which if you got when it...

I think the Republicans and Wall Street just put Bernanke on the tracks in front of an oncoming freight train. And, they handed him a toy remote control that has a big red "Stop" button on it which he is pushing frantically.

Hmm... vote to ban?

Thanks for the list! Do you have a price limit set on the properties you're searching, or only by 2000+ sq ft? I'm a bit more interested in what's moving in the 1.1-1.5M range.

Heh, IPO, neither you nor awgee are going to be able to get the $300k homes because real estate investors I know and myself will be bidding $450k for each of the homes that come up.

"What track and size of homes are you refering to that should be $300K?" He means the garage of one of the Villa Rosa homes. :)

"Won't there always be unknown unknowns? That wouldn't be much of a life if you huddled up waiting for these so called Black Swan events. I try not to worry about things I cannot control. What I can control is making a smart housing decision for myself. It probably makes me a bull by...

lendingmaestro, I'm not sure why your feathers are so ruffled by my comment. there was no condescension in it, I have nothing against loan processors, do you? when I said "loan processor", I meant in general, not the specific position. you may be a loan manager, supervisor, or hell, the owner of...

"In the last 3 years of doing mortgages in Orange County I can count on two fingers the number of people I've spoken to who make over 250k a year W2 stable income." Strange, I don't have enough fingers (or toes) for the number of people I know personally who make over 250k/yr. Then again, I...