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All of this tax talk has me thinking about running some hypothetical scenerious through my 2007 turbotax to see what happens...

IPO - If money gets too expensive, then it is a definite no-go! No rush. Not a big deal. I need to be able to see a relative value in the purchase... not simply a purchase at any cost! I have however, been considering the 10-year ARM @ 5.5% vs the 30-year(now) @ 6.375%... the 7/8...

No Such - It could be me, but you seem a little intense. But I appreciate the response all the same. In any event, I'm not sure where you got to $8300... I follow your math all the way to 6880... then it jumps to 8300... I'm guessing that 1600/mo is for reserves, etc? Sounds like a good...

monekoko - The answer is easy. In the future! Generically, we'd assume a certain level of mortgage resets, etc., that will create financial pressure for current owners to get out of a burdensome home... but it all depends on the particulars of the individual homeowner. Believe it or...

Great feedback - and some of it was pretty good humor as well. I think that I'll take IPO's suggesting and check out some of the Mill and Juliet homes this weekend... and think about it a little bit... but there is simply no way that I'll be waiting for those Laguna Crossig and OH...

SoCal - I think that I have some idea of what you mean by individuals not appreciating the loss they may (will) face. I certainly know that I dodged a bullet with Stonetree Manor... and the thought of overpaying that much for a home that had two HOA and was otherwise treated as a detached...

Nano - Within Woodbury, most homes sold appear to have sold after 2005... at least that is what I gather from a brief scan of Redfin. Of the homes selling within Woodbury, many of the 2005 "resales" are selling at either (1) wish prices of 5-10% above purchase - which is insane, OR (2)...

Tough Crowd! LOL. I think that the reason people post these kinds of questions are obvious (and perhaps your comment rhetorical). (1) Seeking validation due to unreasonable insecurity. (2) Seeking commentary due to reasonable insecurity. (3) seeking responses to make sure you haven't gotten...

Qwerty - You mentioned that you live in Woodbury. Is there anything about the development that you dislike or that you were suprised by? Or that you especially like? Any insights you may have would be appreciated. THere is no better source of info than someone that is already there.

Thanks Irvine Renter Yes, I've arranged my professional & personal circumstances so that I can live in the same home for 10+ years. In fact, I have such a disdain for the 6% real estate commissions deal, that I am unlikely to move at all. My wife and I each have secure jobs that will not...

Ok, I post this at my peril, but if you can't stand the heat, you have no business blogging. I am considering buying a home in Woodbury. Specifically a Model 2 at Villa Rosa. From my research, I've been able to identify the original prices for Villa Rosa Model 2. Back in June of 2006, it...

Boomben - I am curious whan you started frequenting the Irvine Housing Blog. Eg., after you saw your particular home situation becoming difficult, did you start searhcing the web for resources and possible solutions? Or perhaps you heard of it by word of mouth? I am just curious about...

Does anyone here have a good referral for the old fashion hardwood floor installation? I'm looking to install the type of hardwood floors that require (1) a subfloor (2) sanding (3) finishing and (4) sealing! I don't really want to buy an "enginered product" that we all see at Home Depot...

IPO - Where do you think the "appraised at 1.29" comment comes from if it sold for 1m just three years ago? Possible HELOC?

it would be interesting if someone here could run a chart for the last 30 years with three data groups. First, median (or mean) OC home price. Second, annual rate of inflation. Third, average annual (conforming and jumbo) mortgage rates for a 30 year fixed. It might provide a solid way to...

There is presently a "Rossmore" home for sale - and the listing can be found on Redfin... which frequently will tell you both the current sale price, and the prior sale price....consider 54 Logan in Woodbury... oops, you're right, Redfin doesn't list the last sale price...but the Zillow...

four homes for sale. four interested buyers show up. that is just nuts. While many of the comprehensive posts on this main blog are compelling, I've noticed an upspring in these types of anecdotes... that is, while there isn't nearly the "buy a home" rush that existed 2-3 years ago, there...

When you guys talk about Wamu falling apart - are you on suggesting a timeframe? Days, weeks, months? I just sold my condo and placed the proceeds in Wamu's online saving account!

Bix - I am not sure I understand your reply. The $250 additional payment per month represents the additional .5% that I'd been paying to take a 30-year fixed vs the 10 year Arm. This $250 is all interest. I have omitted the actual differential (interest plus principle) from this post...