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Doubtful, lot of hatred towards the mideast on this deal. Bank probably won't sell to the arabs. Creditors aren't going to let Emaar get away with going BK either. EJL will have a target painted on their backs for future lawsuits.

How do we know that the market for the first time homebuyer has bottomed (aside from all the lurking realtors private messaging eligible home buyers)? Majority of the new topics are entitled with an address and are started by a new user who's looking to buy. My advice to them, find a...

Otis, have you been flooded with PMs from the lurking RE agents that regularly troll this site? I've noticed that the regular cast of characters have yet to call you a moron for even considering one of those master plans so they probably smell blood in the water. General consensus is...

ummmmm......no. It's called marketing.

myfirsthome, I had the exact same problem where the my servicer (Chase) stated that I owed an additional $10K plus per month for my monthly tax bill. Not sure what the error was but it looks like i was being assessed for the prop taxes for my entire phase. I only fixed the problem by...

That's a good point. I would agree that the entry level buyer is starting to feel frantic in their quest to find a home and the first time buyer is likely to make a big mistake (either buy to much house, or too much of a fixer). My advice to first time buyers is to stay out of the fray because...

I think you people are still struggling with the experience of having some people live the high life off their home equity and flaunting it in your faces while you sat home on a Friday night watching reruns of Nash Bridges. You won, we all know your prudent financial planning was better off in...

"Does this look like a second half recovery waiting to happen?" It actually looks like the end of a wavy line. Certainly, each submarket is different, but since this is the IHB housing blog, my comment is specific to Irvine and maybe orange county. Well, your graphs also peak...

Really? No one else is going to say it.....? The $800K and below RE market in Irvine has bottomed.

I know that a lot of builders and investors have been chomping at the bit to get their hands on the JLH lots. General consensus is that they will be bid up, especially since the publics are starting to look for land again.