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<p>awgee -- I detect a lot of anger in your tone. What gives?</p> <p>Yes, I have owned Berkshire Hathaway stock for quite some time. If I had the capital to buy Countrywide's A paper at 50 cents on the dollar, you bet I would. But I don't, so I invest in Berkshire Hathaway and let Mr...

And I meant to ask, is this price indicative of what the latest phases have been selling for, or is it higher/lower?

<p>LL:</p> <p>I believe this is a Belle Cliff phase 1, no? </p> <p>http://tinyurl.com/yu8ebm</p>

<p>I'm sure Buffett would be interested in some of Countrywide's assets. If he could buy A rated loans for 50 cents on the dollar, why wouldn't he do it? Note that Berkshire's investment in mortgage backed securities double in the latest quarter, to <strong>$3.7 billion</strong>. A lot of A...

<p>maestro -- Sorry, I have to take issue with a couple of your comments.</p> <p><em>"You essentially are guaranteeing that you make money."</em> If there were an options pricing anomaly that guaranteed a profit, it would have already been arbitraged away. The strategy you describe is called...

<em>"OC land prices will need to adjust to be competitive with these price points."</em> I disagree. OC land prices may need to adjust to become more affordable (which is largely dependent upon available financing), but to be competitive with the Moreno Valley? I would not live in the Moreno...

<p>LL: does that mean that Plan 2s are starting at $980k (since I believe the Plan 1's are under 3000 sq ft)? That is quite a decrease from KHOV's prior estimation of a starting price of $1.1m.</p> <p>Have you gotten any indication from Laing about whether they are going to drop prices in...

In a pharma/biotech company like Amgen you probably have C-level executives pulling down tens of millions every year, and salespeople and scientists making hundreds of thousands every year, so it's not hard to see how the average take per employee could be 160k. Not like Wal-Mart with tousands...

<p>bkshopr, nice work. it seems that the "in" style right now are the cape cod / craftsman / beach bungalow type homes with the wood (or faux-wood) siding. in the last 10 years a lot of the new home communities in oc have been in this style (from sailhouse bungalows in corona del mar to ladera...

<p>graphrix -- "Yes rates are up at CW for 30yr jumbo."</p> <p>Any idea how much rates are up today over yesterday?</p>

Anyone have access to yesterday's and today's rates on 30 year fixed jumbo product (70% LTV, 800+ fico) offered by Countrywide? A friend is being told that rates went up today but methinks it's because the broker wants a little extra commission.

<p>lendingmaestro: your comment is idiotic. </p> <p>"Categorizing someone by their ethnicity is not wrong." That depends on what your definition of "wrong" is. If racism is "wrong," then categorizing someone by their ethnicity is most certainly wrong.</p> <p>"If I need someone to lift a...

My definition of trophy properties doesn't include production homes. In Irvine, the only thing that might qualify is something custom in Shady Canyon.

<p>An older home on that sized lot in that area of Laguna will go for about $1.2m. This one has a premium because it was built new in 2003. The pics are great, obviously taken by a professional photographer, as a lot are these days. I wonder what the interior dimensions feel like in person --...

<p>BLUE FIRE: Econ 101 tells us that when more people (demand) compete for the same amount of resources (supply), prices go up. I'm not saying that's happening in OC (it's not), but job growth can certainly impact housing affordability.</p> <p>I'm not sure what you mean by the city's growth...

oc-conservative: regarding that scary looking chart of mortgage resets, Countrywide has stated publicly that it is misleading because 2/3 of the borrowers whose loans were going to be reset this fall have already refinanced. That's one explanation for why risks are overblown (although keep in...

The important thing to remember about those KHOV model home price reductions is that they are still making a profit; the asking price was inflated to begin with, based on all of the artificially high costs of builder upgrades. They likley arrived at those wishing prices by tripling or...

pardon my ignorance, but what does [Sink] in the title of this post mean?

jsboxer -- i'm surprised you went with the tile flooring. I've always heard that the only options that should be purchased from the builder are structural options that would be difficult and costly to do later, like opting for another bedroom instead of a 3rd car garage. I've heard it's best...

awgee -- the mortgage market in this country will never disappear. not even if the yen carry trade goes away, terrorists launch a nuclear attack and global warming causes the polar ice caps to melt away.