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good point, i never thought of it. also it's quite possible TIC might have bought it so that they can sell their homes without the IHB intervention.

Now we are kicked out of the IHB forums, i am thinking to start a new thread to discuss, how irvine house market will look like in 2010. Given the current Govt intervention, low interest rates and all possible ways to keep foreclosure low it seems it won't go down much, may be 5-10%. Also today...