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    A fair solution.....

    blue....... Real estate is like and old constipated man sitting on the stool.........giving it up in a very painful struggle..........at the rate it is going we will be on the stool for at least 4 years.
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    A fair solution.....

    LL I agree on two points.... a) A program like this would allow the market to find the bottom very rapidly...... b) It will never happen............. Instead of a plan that would clear the books and allow us to move on,,,,,,we will have 4 or 5 years of twisted grief...
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    A fair solution.....

    Daedalus,, Work out deals have nothing to do with right or wrong......they just make the problem go away....thats what happened a bear-stearns......the fed actions made the problem go away..........the recipients of the 10 % don't deserve it but at least they would leave the property...
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    Real Estate Awards (Mega Schadenfreude)

    boomben, I think that house used to be next to the railroad tracks in Arkensas......it was a crack house as I remember it.
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    A fair solution.....

    The 10% is walk away money.....sort of like when you lay people off...you make them sign a release before you give them there severance pay........it gives the person leaving the property incentive to leave it in good shape with the hope of getting a better price at auction.......also getting...
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    A fair solution.....

    There is a lot of talk about the "bailout" of Bear Stearns and how it is not fair to bail out BS and not the underwater homeowners that don't(or can't) afford to live in their homes. Here is my proposal: The government sets up an agency that auctions foreclosed homes. If a...
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    Anyone going to *invest* in real estate once the bottom comes around?

    My parents purchased a 4 plex once....it was a nightmare.....it was in Atlanta and the tenants were big trouble...not paying rents, and trashing the units. After the stories from them, I decided that real estate investment was not for me.
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    Eliot Spitzer

    And one last thing..... OINK, OINK, OINK.................
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    Eliot Spitzer

    I am with lawyer liz......I really don't care if consenting adults want have an affair or pay for sex.....what really pisses me off is when the adults that do participate in such activities openly condemn( and prosecute) those that do....hypocracy is difficult for me to accept. It is sort...
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    Orange County Private Rentals and You - A lesson in caution!

    It would be great to see a chart of the number of private rentals versus time. On this web site: http://realty.fatwalletdeals.com/overview.html Orange county rental and their price histories are listed. It seems that there a lot of people listing rentals at high prices and then...
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    1,500+ OC Teachers Might Lose Jobs

    Every time we need to cut budgets in the government, the first thing we hear about is teachers and libraries. Why can't Arnold get everyone to cut budgets by 10 %......spread the pain around a bit. I companies when things slow down you do everything you can to save jobs of key employs(the ones...
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    The Current U.S. Recession and the Risks of a Systemic Financial Crisis

    I find this to be a very interesting article, a little extreme though. After one of the financial orgies like what went on in the us housing industry for the past 10 years, you have to ask where did the money come from and where did it go. There are a lot of people that made lots of...
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    OTS Plan: Negative Equity Certificates

    Back when I was a teenager we used to talk about welfare for poor people... So now we will have welfare for home owners............... Or maybe we should start to think of home owners as poor people.......
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    Bars

    OH yes........second street.....seal beach.....there are bars and even a curry house there.........
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    Bars

    I am thinking you need to go from place to place.............you may like main street in seal beach, there are a number of bars and pubs to get liquid in............ So....here is the list: #1 Main Street Huntington beach, at least 10 bars open to around 2:00 AM #2 Pine...
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    Bars

    I would suggest pine street in Long Beach.....there are a number of drinking places near ocean boulevard. Also, main street in huntington beach can be a good place for a drink or two or three or four.
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    Villages of Columbus - Columbus Square - Cambridge Lane

    My younger son did a nice 35,000 dollar 10 week visit to Utah. This effort to get him of the booze and weed almost worked.
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    Villages of Columbus - Columbus Square - Cambridge Lane

    HS Teacher, Because teaching is your specialty, I would defer to you about what is best for students in high school. I can tell you though, that when you get to graduate programs at top tier schools like like Cal Tech, the students come from every sort of background that you could...
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    Villages of Columbus - Columbus Square - Cambridge Lane

    jcaraway, Serious post....the story about my son was amazing. He was getting an F in physics his senior year. I called the teacher to find out what was going on....he got an A on all the tests, was doing all the lab work, but did not do 63 out of 63 homework assignments.......earning him an...
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    Villages of Columbus - Columbus Square - Cambridge Lane

    Correction One last thing......I was a high school drop out.
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