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  1. GoIllini_IHB

    Tustin Military Base Could Be Toxic.

    Few attorneys, even those in the environmental field, are technically qualified to make an assessment of environmental hazards. Their focus is on avoiding lawsuits, and people can sue over just about anything -- real or imagined. I wouldn't put much faith in their water cooler talk about how...
  2. GoIllini_IHB

    Amount of unpaid credit card bills is rising

    I certainly had no intent of being critical of other's choices. If anyone took my comments otherwise, I apologize. To each his own. But there are quite a few people on this blog that hope to / intend to purchase a home at some point in the future. The point I was trying to make is that...
  3. GoIllini_IHB

    Amount of unpaid credit card bills is rising

    awgee, In a perfect world, I'd be right there with you, paying for stuff with gold coins rather than paper money. But it isn't and I don't. I try to work the credit system to my advantage. The last time I purchased a car (a 'certified pre-owned' Internet special) I could pay cash and fully...
  4. GoIllini_IHB

    Amount of unpaid credit card bills is rising

    There is a down side to being free of credit cards. Your need a good credit history to qualify for a loan or mortgage that has good, competitive terms. Activity on debit cards does not appear on credit reports, and does not contribute to your credit history. When the time comes (2010?) that...
  5. GoIllini_IHB

    Tent City in the IE

    LL: Earthquake preparedness is one of those unpleasant issues most folks here like to leave to somebody else. We "know" the government will be here to help if things get tough. We also believe home prices never decline. Same principle.
  6. GoIllini_IHB

    Starting a New Business--Looking for Office Space in Irvine

    If you are looking for the 'lower end' of the executive office opportunities, you might check out the one at 1682 Langley Ave. Definitely not the place to meet with a potential customer - parking is VERY difficult - but they've got the basics, including high speed Internet. I occupied an...
  7. GoIllini_IHB

    Property price derivatives price in 19.5% LA house price drop next year

    earthbm, Are you sure of your interpretation of the data? "...it implies cumulative 31% drop." I don't see where you get the 31%. If I take your figures above and state the mid level: (Assuming I can calculate the average in my head as I write...) SEP 08 -18.75 SEP 09 -15.50...
  8. GoIllini_IHB

    Ladera Ranch?

    Whoo Wee! This could get ugly. "Residents' protests put Ladera Ranch power plant construction on hold" O.C. Register, Dec 14. www.ocregister.com/ocregister/news/local/article_1942937.php Combine an area with many homes and homeowners at risk financially, with a perceived...
  9. GoIllini_IHB

    Orange County sewage converted to drinking water

    Water Factory 21 shut down in about 2004. The new facility that opened recently, and is the subject of the news release that sparked this thread, replaced WF-21. The water from the new facility is being injected into aquifers to prevent saltwater intrusion and spread in infiltration ponds in...
  10. GoIllini_IHB

    My useful and useless facts thread

    ant, "Pump gas when the temperature is cooler, it'll be more dense?" is pretty much a non-starter. The gas is stored in underground tanks and moved in underground pipes to the pump islands. The temperature and density of the gasoline doesn't vary much in a day's time because the ground...
  11. GoIllini_IHB

    Interesting dinner conservation...

    Ouch! I've got it in a shadowbox frame. "In case of emergency, break glass" I lost the belt clip for the slide rule someplace. Other than that, it's in fine shape.
  12. GoIllini_IHB

    Interesting dinner conservation...

    The test of whether an engineer is "old" or not... Does he/she have a slide rule? I do (sigh!) and still remember how to use it.
  13. GoIllini_IHB

    Help stop a soon to be flipper

    HN19, How do you convince him? Try reverse psychology. Early this year, a friend of mine was enduring unnecessary 'spousal conflict' because he didn't want to jump in and buy a brand-new home in the Inland Empire to rent out as an investment. The developer had worked out a "deal" with the...
  14. GoIllini_IHB

    Tip of the week: Don't EVER get sick in Irvine!

    blackacre-seeker, So, I give... Where is "Where I come from" so I can apply for immigrant status. Or are there, perhaps, some downside risks to consider? If "none of that [medical care] costs you a dime" who is paying for it? As the saying goes, There ain't no such thing as a free...
  15. GoIllini_IHB

    Tip of the week: Don't EVER get sick in Irvine!

    Reason - It isn't free enterprise. The pricing of medical services is completely distorted by our confusion over whether medical care is a universal right of the patient or a service provided by a (well-trained) independent contractor. I think either plan could work with some efficiency, but...
  16. GoIllini_IHB

    Whats the catch?

    What's the catch? Perhaps the the refi is no longer a no-recourse loan? I'm no loan expert, so I may not be using the right terminology. If the original loan is an original purchase loan, is the lender limited to just a repo of the property, while, with a refinance, they can come after the...
  17. GoIllini_IHB

    The morality of walking away from debt

    FE, I respectfully disagree. Morality is about the relationship you have with yourself, not your relationship with the bank. Your morals determine what you would do if you knew no one was watching. Also, corporations ultimately are owned by people. Your are interacting, in a diffused...
  18. GoIllini_IHB

    The morality of walking away from debt

    Indeed, loans have default provisions, and simply allowing those provisions to be activated is not as much a moral issue as a practical one that has penalties for default. But how you manage the default or bankruptcy is a moral issue. Using the airline example, is it moral for the managers to...
  19. GoIllini_IHB

    The morality of walking away from debt

    On the one hand, you have the truly naive person who places his trust in an unscrupulous R/E agent and loan broker. On the other hand, you have the financially astute person who sees opportunity for potential gain with little personal risk. Where do you (where can you) draw the line between...
  20. GoIllini_IHB

    Santiago Canyon Fire in Orange by Irvine Lake

    Source: Historic Packing Houses and Other Industrial Structures in Southern California (Copyright 2002 by James E. Lancaster, Ph.D.) Santa Fe's "Venta Spur" left the mainline at Venta, the location of the new Tustin MetroLink Station. From Venta it went northeast to a location called...
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