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<p>So 143 Weathervane has decreased from $1.45m to $1.245 (11.6%) in 12 months. </p> <p>Still, you have to wonder what this knife-catcher is thinking.</p> <p><strong>Is this a dagger which I see before me, The handle toward my hand? Come, let me clutch thee; I have thee not, and yet I...

<p>38 Silhouette is a good example of a flip that must be bleeding the flipper dry. It was sold in April, 2005 for $1,750,000, is upgraded with marble, granite, home theater, etc etc., and it has never been lived in! Repeat: It. has. never. been. lived. in.</p> <p>Some unfortunate flipper...

<p>lendingmaestro wrote:</p> <p>"<strong><em>Your last sentence is terrifying. Can homes be <u>that </u>far out of whack with rental incomes?</em></strong> "</p> <p>Yes. The $8,300 asking rent for 15 Balcony is a totally outrageous, WTF price, almost $3,000/month higher than the nearest...

<p>Another data point from Vicara: 15 Balcony. 4 bed, 3.5 bath, 4800 square feet is for rent for the staggering, Kool-Aid snorting price of $8,300. (I think this asking price deserves a WTF award. You could have waterfront--lots of it--in Laguna or Newport for this much. But even if the...

Finally, in the Chantilly section of Quail Hill, there are a couple of rentals available: 105 Capeberry, 4 bed, 4.5 bath, 3,100 square feet. Asking rent: $5,200. GRM = $832,000 113 Bottlebrush, 5 bed, 5.5 bath. Asking Rent = $5,500. GRM = $880,000. <strong><u> </u> Keep in...

Further down the hill, 143 Weathervane was foreclosed on in January. It was purchased in January 2007 for $1,450,000, apparently with 100% financing. It went into default in August, and the notice of Trustee's Sale stated a minimum bid of $1,618,228 (Is this a 100% financing neg am?) The...

Also for rent in Quail Hill's Vicara tract with the Momento properties are a pair of Frescoes: 29 Fresco: 5 bed, 4.5 bath, 4,600 square feet. Asking rent is $6,900/month, for which the GRM calculation yields a value of $1,104,000. Keep in mind that this is a much larger house than 51...

A few data points on larger houses in Quail Hill: 51 Momento, 5 bed, 4.5 bath, 4150 square feet is in foreclosure and scheduled to be sold at a Trustee's Sale on Feb 13: ednesday 2/13/2008 2:00:00 PM...

Mogul's advice to Realtors: Don't keep your day job The Southern California market will get worse before it gets better, he warns a gathering. One survival strategy: Slash prices, now. By Peter Y. Hong Los Angeles Times Staff Writer November 3, 2007 Even Realtors can...

<p class="MsoNormal">Supposedly, the Craigslist “<em>Depreciating Asset</em>” shot back on October 11. The following post made the “Best of Craigslist:” </p> <p class="MsoNormal"><a...

So how close did the fire actually get to Portola Springs? Did it burn anything south of 133 and west of 241, e.g. the avocado groves up above the houses?

Can anyone provide prior sale/existing mortgage information on this property? Zillow says the 2006 tax assessed value is $961k. Assuming that was the purchase price, how did this become a short sale at $1.17 million?

I saw a presentation yesterday by the Chief Economist of a major bank. Two interesting points. 1. He called the current housing market the "Wile E. Coyote Housing Market," as in, when Wile E. Coyote runs off a cliff while chasing the Roadrunner, for a few moments his feet keep moving...

<p>SCHB--</p> <p>No, I didn't go thru with it. A colleague introduced me to IHB and thus shoved me out of the path of the Falling Knife...</p> <p>...and Lot 278 is still for sale...</p> <p>Thanks everyone...</p>

<p>I suppose this could "out" me, but I negotiated with Taylor Woodrow to purchase Lot 278 at Las Colinas several months ago. Then, the base price was $1.274 million. On their "blowout special" website linked above, they raised the base price to $1.284. They're now offering only $63k in...

<p>Wishing price may be a necessity for most or all of these would-be landlords. All of the properties mentioned above were built/purchased since 2003, so even if they get their "Wishing" rental price, they're almost certainly losing money.</p> <p>It will be an interesting dynamic in the...

A few more Quail Hill Price-to-Rent ratios, for condos on the MLS for rent right now. In each case, the stated rent is the asking price. 15 Tall Oak: $2,700 rent * 160 = $432,000 implied value. 1607 square feet = $268 per square foot. This gem is also for sale and can be yours for...

Irvine Renter has provided a formula to help determine where the bottom might lie: (rent * 160) divided by square footage. Using it, I ran a few numbers on recent rentals in Quail Hill: The following properties were rented in the last two weeks: 102 Pageantry: $5,500...

Very interesting. What are the consequences for housing inventory and prices? How much will this really affect buyer demand in the short run? Buyers were not buying as it was, thus leading to the dismal Spring/Summer selling season we've just seen. Demand is dead; these rate...

Wednesday 8/1/2007 2:00:00 PM <strong>Address:</strong> <a title="Get Google Map" target="_blank"...