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ResMae, another subprime lender bites the dust. http://www.marketwatch.com/news/story/another-subprime-lender-resmae-files/story.aspx?guid=%7B5D76D8DD-B544-49BE-AFCB-B50FC56D311D%7D

You can always brag about the amenities of VOC : hangars, homeless shelter, affordable housing (i.e. low income).

I wouldn't use any percentage or $$ off the list price...You can get burned. You need to know your market

I think I heard Lennar paid ~1MM per acre.

I've held my breath for this long, I think I can wait for OH too! but then again, if it is still TIC territory, it is still real estate exuberance all over again.

"Just one month into the first quarter of 2007, already 50,404 foreclosure filings have been reported in the Southwest — more than half the 94,631 filings for the region during the entire first quarter of 2006." And California takes top honor, "In the Southwest, California...

What's more, resales will also be in competition with a deluge of foreclosure and distressed sales from the fall out of exotic financing. One distressed sale in the neighborhood we can chalk it up as such. Multiple distressed sales can set the "comps". The houses in Irvine are very expensive...

red: Sometimes, dependent on the loan structure of course, loan covenants may require HBs to certain presales and/ or lots sold by a certain date. While they may be able to slow down production, HBs don't have forever to stop production entirely. If the "soft landing" scenarion takes...

Is she BSing me? Or am I just not able to be objective about the market? http://homeseekers.com/scripts/seekers_frame_template.asp?_lid=0&_ver=5&source=http://www.realtytimes.com/customnews/HSrealigent.htm Spring Sales Set To Bloom, Says NAR By Blanche Evans...

I was in their office ~3-4 weeks ago, spoke to Neil, the salesperson there. There was the last spec home, which I believe was Model 1. Once that is sold (I don't have a status on it), the office was to be shut down until summer, and assumably, to be ready for the home shopping season with home...

Lennar (or more specifically Villa Rosa) will shut down its office and will reopen again sometime in the summer, possibly June. This is to slow down production of homes to maintain its profit margin. It can only speculate that this is due to low responses.

I was told March

correction: graphrix: what do you do for a living and how are you so knowledgeable? just curious

red: what do you do for a living and how are you knowledgeable? Just curious

"That's why we decided to purchase a new home with longer escrow window (6 months)." red: an offer to purchase is a binding contract, and always with a minimum of $35,000 good faith deposit. If prices should plummet, you are still locked in the price you agreed to six months ago and...

graphrix has got it right. Keep shorting those subprime lenders to zero. There is no intrinsic value to these companies. More bad news from that sector is yet to surface.

C'mon...we all do it. Stereotyping is the way of life, on TVs, in books. Whether you should act upon that perception is another issue for another board. There are positive and negative stereotypes

$1MM + for a 2,500 sq.ft. attached home? If this is not a bubble, I don't know what is. It is long way down for those who have already purchased. Fundamentals cannot be compromised, and if you get caught up in the hype, someone will laugh all the way to the bank and you'll be the fool holding...

You basically compromise price for location: lower price in Columbus Grove but better location for Woodbury, QH, PS. If homebuilders are not giving price concessions, then why would you want to buy a million dollar home with a view of the hangars? Woodbury is definitely better and away from...

irvine123: Columbus Grove has the Tustin address, although it is still within the Irvine school district, for those who care to know, as compared with Columbus Square, it is within the Tustin school district. I agree with you, there is no free lunch. It is speculated that because the...