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When the rents pencil and when employment growth is positive is when I will buy. December 2012 50% fall adjusted for inflation in homes. I'll stick with my 90-97% fall in land prices prediction....

Wow at which element of #5? I'm guessing Kali is in his 30s if he is a current Irvine homeowner. So add 20 years and you're thinking 50s? Probability of using IVF increases with whether the girl had an abortion at some point in their life since that tends to lead to miscarriages and...

I actually know someone with $150M in Vanguard Tax Exempt Money Market sitting on the sidelines. I have a smaller but not insubstantial piggy bank ready!

Kali, Okay here are my questions to you: 1) Are you conducting business at your house involving employees or large electrical pull from servers? If you have employees go for a house with large bedrooms and large windows. If you have many servers in your house check the amperage...

Higher inflation may help to alleviate the large disconnect between payments for debt and incomes and will increase exports. That perhaps is the path that Bernanke is seeing. If by cutting interest rates he can diminish somewhat the number of people losing their homes while seeing some of the...

Good luck China on that score. China in particular has been growing in a very energy inefficient manner. If you really want a dire picture imagine if everything in Walmart was 12% more expensive. You could easily see that in a year if the analyst reports on the dollar i've seen are accurate...

Here are the negatives: 1) Imported goods are more expensive and we import a rather large amount of the goods we use 2) Higher costs for imported goods can lead to inflation (high prices) for gas, food, toys, etc 3) Inflation in gas, food, toys, belgian chocolate, etc can lead to...

It's more complex than that. You will be substantially less able to move to take job offers elsewhere because your house is under water. You will have less disposable income since owning is so much more expensive than renting in SoCal (even including the tax benefits). You will not reap as...

I'm gearing up to buy puts on a similar stock.

Greenspan spoke in favor of Bush's tax cut (although he wanted some changes like triggers that never occurred). He lowered the fed funds rate to 1% which spurred huge speculation in real estate. The problem is that Bush's tax cuts have really been heavily focused on the rich who have lower...

I went to a top tier engineering college so I saw lots of students drop out to pursue careers at dot.com companies. Pretty much all of these companies ended up fizzling and dieing. I worked in real estate for a CA company and was absolutely puzzled by my boss. Okay this woman was making...

http://www.swapalease.com/VehicleSearch/VehicleDtlL.asp?year1=1998&year2=2008&make=Lamborghini&model=%25&category=%25&state=&zipcode=&begPayment=0&endPayment=5000&begPrice=&endPrice=&BegMonthsRemaining=0&EndMonthsRemaining=73&BegMilesPerMo=0&EndMilesPerMo=20000&recent_list=&forSale=&Country=US&Li...

I am 25 and lets see I graduated from a top tier school in 2003. I worked for 2 years for my family and received precisely one paycheck during this period. Yes 24 months one paycheck. I got a job in real estate that lasted for a year and a half during which I dilligently saved and have no...

Yeah but you would be paying 6 cents a year for the first two years then 42 cents for the next 28 years!

I heart the girls of the OC. I drive a fairly sensible car and have no car payments. If a girl wants to chase the guy in the Lambo with $1600/month in car payments that's fine by me. She is not the type for me anywho. Have you tried attending one of the churches around here? I really find...

10% of peak prices is still far too small of a drop. Especially if we consider the pricing from the 1997 sales brochures + inflation adjustments in cost of labor and materials. 3% of peak prices is probably closer to where this will end up. IR I would be saving aggressively in...

I agree with pretty much all of the advice here. I had 3 months cushion and no debt when I got laid off and it has been helpful but...approaching 3 months now T.T. If you're working in mortgage lending or a homebuilder I would really build up your cushion.

Okay just to give an example from the very high end of the market: Seller: Mark Levin Buyer: Nicholas Cage Purchase Date: 2000 Purchase Price: $10.85M Sale Price: $15.7M Address: 75 Gray Craig Road in Middletown, R.I YoC: 1924 SF: 24,664 Sale...

Here is the Nikkei's Monday performance: <script language="javascript1.2" type="text/javascript"> <!-- dateValue(NK225_MM,NK225_DD,NK225_TIME_E); //--> </script> 09/10 - close...

I can say with confidence Greenwich house prices are overvalued. Last I checked 70% of listings in Greenwich were for above $3M. Tell me how many Greenwich residents can afford a $3M house? Certainly not 70% of prospective home buyers. If you do the same comparison as Irvine Renter did to...