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<p>awgee - first let me say that I've no intention to insult you or anything like that. I love your discussion. But you are steadfastly bearish, so I have to come across a little strong as well.</p> <p>In my opinion, your being a little too cute. The reason is you want it both ways. You...

<p>Over the years, I've picked up axioms in the financial market that are just absolutely invaluable. Not to adhere to without question, but to always keep in mind so that one is better able to view things in a variant perception different from others yet objective and sound.</p> <p>Buy when...

<p>awgee - no doubt prices are downtrending. i guess you seem to put more weight on value and prices than all else. a less common trait (with the exception of those on this board of course ) here in OC. </p> <p>oc_fliptrack - i agree on the low end market. i was referring to a home that...

<p>Personally, I think the time to put in lowball bids is now. The reason is because it is beyond any doubt a buyers market AND you have very little demand. No matter how low your bid is, you will be one of the few bids out there. Depending on how you play it, someone may bite.</p> <p>Once...

<p>Most of us who don't own would like to own at some point. The longer you've been on this blog and other blogs of the like, the more familiar you are with current market conditions. Some of us aren't too picky with what we want in a home, others have specific needs due to work or family...

<p><em>Most owners are in denial right now, and when they finally come out of their denial, they will discover just how illiquid housing can be.</em> </p> <p>I think the illiquidity is pretty clear right now. Everyone I ask with their home on the market says and admits things aren't...

<p>I am getting around 2001 prices with your tests. That's not inflation adjusted. If inflation adjusted, I am getting pre-2000 prices for where I live.</p> <p>As far as credit tightening, one never knows what the financiers are going to pull out of their butt to save the system. Whether it...

<p><em>awgee - </em></p> <p><em>"Do you also feel this way about incuring a mortgage during an inflationary period, considering that most folks do not buy a home, but rather incur debt in the form of a mortgage?</em></p> <p><em>At first thought, it would seem logical to pay off a mortgage...

<p>Mino2126 - IMPAC (IMH) is screwed. Keep an eye also on American Home (AHM), Novastar Financial (NFI), and Fremont (FMT). The subprime mess is killing them, and they aren't as big as Wells Fargo or Bear Stearns enough to withstand the foreclosure onslaught.</p> <p>For homebuilders, watch...

<p>I've said it before and will probably say it again a million times.</p> <p>We live in a fiat based monetary system with a government deeply in debt. </p> <p>There is only one out, and that is to print money like there is no tomorrow.</p> <p>That is the number one reason for buying a...

<p>Eva - Your point is what? My handle is just that, an online handle. Get over it. And frankly, how is patrolling the border and making citizen's arrests a big deal?</p> <p>Anyways, Thanks for contributing nothing to the thread.</p>

<p>Marty - I looked up Jim Gilchrist and the Minutemen. I had never heard of them, actually. I was expecting to see some extreme white supremacist group. And though some accuse them of affiliating with them, it seems much of it is controversial based on their staunch position on illegal...

<p>nirvinerealtor & irvine_native - The commute doesn't bother me, but your impressions of "racial discrimination" and "Bible belt" are surprising.</p> <p>Do you guys have personal experiences to share? How did you get such strong impressions and where in south OC are you guys referring to...

nirvinerealtor - what is your view on the culture and commute?

acpme - not particularly. though, i'm fond of the area, and home values seem to be much better in south OC.

<p>We live in a fiat based monetary system with a government deeply in debt. </p> <p>There is only one out, and that is to print money like there is no tomorrow.</p> <p>That is the number one reason for buying a home and holding onto it as long as you can.</p>

<p>Mino2126 - We did look at Ravenna. I believe they are John Laing homes. Unfortuneately, there are still many homes priced over $1M even in todays market.</p> <p>Marty - Ravenna is definitely on steroids. Small lots especially for a 4000+ home. I believe the MR in Talega comes out to...

<p>Marty,</p> <p>Thanks for the input.</p> <p>That's a common misconception of Talega in comparing it to Ladera Ranch. It is less than 10 minutes from the beach (Ladera takes longer), and the weather is much cooler than Ladera Ranch. Several degrees cooler everyday, and over 10 degrees...

<p>I'm in the market for a $1M sfh, preferably new or post-2000. I've been looking for quite a while, and there are some great areas in OC (ie. San Clemente) where new homebuilders are offering incentives and prices have come down over 20% from the peak.</p> <p>So my question isn't one of...

<p>If the all-time peak for local inventory was April 1995, does anyone know approximately when prices bottomed? </p> <p>never mind, found the data for OC:</p> <p>1987 163k 1988 203k 1989 241k 1990 242k 1991 239k 1992 230k 1993 217k 1994 214k 1995 209k ***...