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Thanks everyone for the suggestions! I'm trying to decide what would be the best thing to do with the money I'm saving for a down payment, given the market conditions. graphirx: Don't worry, I don't take stock/investing recommendations at face value anymore. I learned my lesson in HS...

What is everyone using to hedge their money against the housing bust and the resulting recession? My friend and I have been discussing this recently and we haven't really come up with a good hedge against the coming recession. Our ideas so far: US Stocks/Mutual Funds - Unsure of...

Adding more fuel to the fire: I was talking to a couple of my underwriter friends over the weekend. Both of them reported the same thing: business is agonizingly slow. They both used to work super long hours but now they leave on time or before simply because they lack work.

<em>It depends on what you're looking for, and what makes you happy.</em> I want to echo momopi on this. It seems to me that you have to prioritize what you want most out of your home in order to make your decision. If price/sq ft. or home size is your biggest factor, you'll probably be...

If you guys are willing to go a little south, Cosmos Italian Kitchen in Aliso Viejo is a good Italian place. Most of their stuff is decent. I LOVE their diavlo sauce. Caution: It can be very spicy! <a...

This is kind of off topic but if you're ever near Old Town Tustin and have a hankering for authentic Japanese food, Honda-Ya has to be one of the most authentic Japanese restaurants in Orange County. It's a pub (izakaya) environment and the food is great. There was a time I went there at least...

<a href="http://www.businessweek.com/ap/financialnews/D8OF76205.htm">Mortgage rates go up again</a> excerpt: <p><em>In its latest forecast, the National Association of Realtors said this week that the median price of an existing home is likely to decline by 0.7 percent this year from...

LOL @ the Kal commercial. "How can it be wrong when it feels so right?"

arctichaze: Looking at your situation initially, I made the (faulty) assumption that there was a large barrier to leaving the current deal and that you were going to keep it for a relatively long time. Since that's not the case, I wholeheartedly agree with the others. Get out. I'm of the...

Come on...when will people learn? <a href="http://www.dailymotion.com/shosterman/video/xt0c6_snldontbuystuff">Don't buy stuff you can't afford!</a>

IIIrvine: I agree with the others when they say it would be a mistake to buy in this market. 1) the tax savings will not offset the additional cost of owning a home (I can run the numbers if you'd like) 2) Your family needing a home doesn't necessarily correlate to <u>owning </u>a home...

Hi Everyone! It's my first time starting a discussion so I apologize if this isn't appropriate or anything. I'm a newbie when it comes to housing and I'm currently trying to put together a spreadsheet that gives me a good overview of a property and the general costs associated with it...

nirvinerealtor: That link seems to point to a landing page. Is that site still alive? Thanks in advance!

waiting2buylater: Thanks for the resource! It's registered and bookmarked. VERY useful for doing price comparisons. It's interesting seeing how the asking/actual price ratios have changed even in the last 120 days.

I heard a rumor from an Evironmental Analysis & Design student that the columbus grove houses were built on an old landfill. Is there any truth to that? That would be something to consider before buying a home there.

Found this on a blog recently. <a href="http://www.dailymotion.com/video/xt0c6_snldontbuystuff">http://www.dailymotion.com/video/xt0c6_snldontbuystuff</a>

I agree with IrvineRenter. I've been renting from IAC for the last 6 years and have seen prices steadily increase until this year. The price of the popular 3br, 2.5 bath, 1 car (shared) garage Westpark Townhome we were renting has dropped about $100 since we moved out last year. The general...