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    Foreclosure and distressed property topics

    27 Vermillion Irvine, CA 92603 Price: $540,900 Beds: 3 Baths: 3 Sq. Ft.: 1,600 $/Sq. Ft...
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    Where is the good pizza in Irvine ?

    <p>The best pizza in OC is "zpizza." BUT NOT THE ONE ACROSS FROM UCI -- it is a different store/chain and the pizza is terrible compared to the real zpizza you can find elsewhere in OC. For locations of the "real zpizza," check out <a...
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    Why would people buy now in this market?

    <p>caliguy2699,</p> <p>Me too. The wife wants to start a family in a couple of years and, therefore, wants to buy in late 2009. She's starting to worry because I've told her prices could fall (adjusted for inflation) until 2012. I've been trying to explain that we could rent a nicer house...
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    Headlines...

    <p><strong>Greenspan: World Economic Health Hinges on Housing</strong></p> <p><a href="http://www.cnbc.com/id/21078887">http://www.cnbc.com/id/21078887</a></p> <p>Good thing ole Al is talking about US housing prices and not OC housing prices. </p>
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    Cramer of Mad Money fame pisses off NAR

    <p>This is awesome:</p> <p><a href="http://www.cnbc.com/id/15840232?video=533257614&play=1">http://www.cnbc.com/id/15840232?video=533257614&play=1</a>#</p> <p>Cramer refuses to back down and has maybe the best quote of the bubble so far (directed at NAR):</p> <p>"Let them eat homes!"</p>...
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    IHB T-shirts Now Available!

    Fitted T-Shirt. Very good call to offer that option. Any chance the Dark T-Shirt will be offered in a fitted fit?
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    House Panel Passes Tax Rise on Vacation-Home Sales

    <p>If this measure is approved by the full House and the Senate, then I think the demand for second/vacation homes just dropped.</p> <p><a...
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    Headlines...

    <p>Fed's Rate Cut May Give Little Relief to Homeowners</p> <p><a href="http://www.bloomberg.com/apps/news?pid=20601087&sid=a0NFUXaw99j4&refer=home">http://www.bloomberg.com/apps/news?pid=20601087&sid=a0NFUXaw99j4&refer=home</a></p> <p><em>Great, great quote below</em>:</p> <p>Tighter...
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    Irvine Transit System

    <p>As I have expressed on these forums before, I strongly support mass transit -- the benefits are myriad and often much greater than one would think. BUT, you've got to do it right. And that usually means doing it regional. If I read this correctly, we are looking at 5 miles of track/route...
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    Petition Against Bailout

    <p>FYI:</p> <p><a href="http://www.petitiononline.com/bailout/petition.html">http://www.petitiononline.com/bailout/petition.html</a></p> <p> </p>
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    Refinancing Ain't That Easy Anymore

    <p>Want to Refinance? Think Again, Brokers Say</p> <p><a href="http://www.cnbc.com/id/20723118">http://www.cnbc.com/id/20723118</a></p> <p>Some sobering stats in this article. A pretty good counterargument to those that say the coming ARM resets won't be that bad because people simply will...
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    What's selling now and Why?

    <p>bigmoneysalsa,</p> <p>I propose a new catch phrase for the blog: "Bringing you sunshine and puppy dogs since September 2006."</p>
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    Gift cards from the Irvine Company

    Green building is going mainstream and will soon become the norm in CA. There are a number of legal catalysts at play -- the most important of which is on-going and forthcoming litigation under the California Environmental Quality Act. Counties and cities will be forced to mandate that new...
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    Laguna Crossing & Orchard Hills Postponed to 2009

    <p>Are we really to believe that these "2nd gen asians" who are "highly educated with typical household income of $300K+" are either unable or unwilling to recognize when something is priced more than it is worth? NIR appears to be arguing that this population of hard-working, intelligent...
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    Headlines...

    <p><strong>Subprime Mortgage Crisis Spreading to High-End Housing Market</strong></p> <p><a href="http://biz.yahoo.com/ap/070829/expensive_homes.html?.v=2">http://biz.yahoo.com/ap/070829/expensive_homes.html?.v=2</a></p> <p>Not exactly breaking news, but a headline nonetheless.</p>
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    Lehman Brothers Shuts Down Irvine-based BNC Mortgage LLC, Fires 1,200

    <p>Since BNC is/was Irvine-based, I thought this deserved its own discussion. But my feelings won't be hurt if it is moved to the Headlines discussion.</p> <p><a...
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    Breaking!!! ==> Fed cuts discount rate by 50 basis points (from 6.25% to 5.75%)

    <p>From a post at <a href="http://www.rgemonitor.com/blog/roubini/">http://www.rgemonitor.com/blog/roubini/</a></p> <p>................................................</p> <p>Where is Tom Cruise when you need him??? I'd like to draw some parallels to a classic movie: A...
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    New Housing Data for SoCal

    <p>I suspect graphix is all over this, but the OC Register is reporting...</p> <p>OC mid-year 2007 foreclosures already top cumulative total for housing boom years 2002-2006:</p> <p> </p> <p> </p> <a...
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    MOST IMPORTANT POST EVER

    <p>The Mortgage Lender Implode-O-Meter site has the following details: "Further, Option One made some significant lay-offs today. Estimates we are recieving put the lay-offs at 60% to two-thirds of Option One's account executives or 150 - 185 people." </p> <p><a...
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    MOST IMPORTANT POST EVER

    I've heard a rumor that Option One of Irvine either announced layoffs today (effectively immediately, no notice to employees) or will announce layoffs very soon. Can anyone confirm?
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