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    John McCain: "We will buy up bad mortages so when your neighbor goes into default, your house value doesn't go down"

    I have to feel sorry for genuine conservatives who have no voice with the current Republican party. Small government, low taxes (implies low spending), indivudual freedom, and non interventionist foreign policy are not practiced by the Republican party.
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    The depression of 1929 is the wrong model for the current economic crisis

    What about the demographic effect as made famous in "The Pig and the Python"? The gist of the book was that by 2011-2015 there would be far more people needing to take their money out of the market to finance their retirements, than people putting money into the market to save for retirement...
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    Straw Poll regarding gas milage. and possible Oil consumption Ideas

    Battery chargers are no where near 50% inefficient. There are a lot of ways to charge a battery, using a good Li-poly battery charger will yield better than 90% efficiency every time when plugged into my 115V wall. Some of the efficency has to do with the difference between voltages. You can...
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    Weighing my options.

    My wife and I face a similar situation, except we are renting the condo. My solution to our small living space was to rent a mini storage near work. With the mini storage I can move all our seasonal stuff out of the way, and shuffle large items that are not used frequently. This clears the condo...
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    Where Was The Republican Utopia?

    Somehow I missed it. When Reagan was president we failed to reach the utopia Republican's promised because the House was still Democrat controlled. When the Republicans finally got control of all four government offices, the Executive, Senate, House, and Supreme Court we were supposed to see...
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    ObamaTax 3.0

    If the past eight years have not shown that the Republican "cut taxes and increase spending" have not been a resounding success I don't know what will. Perhaps it will take another eight years of the same program to convince me? The Republican party can criticize Obama's tax proposals all...
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    Military Puts Their Money On Obama

    The OC Register had a brief article on page ten reporting that campaign donation dollars from American military members favour Obama over McCain six to one. This seems to agree with my highly unscientific polls showing that American military members want to get out of the war in Iraq.
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    When Was Rental Parity Possible?

    Reading these articles seems to imply that that rental parity is very short lived, having only existed for 1997. I have to remain suspicious that waiting for rental parity in SFR prices would make sense. It looks like rental parity is more like the market overshooting to the bottom for SFR...
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    When Was Rental Parity Possible?

    Living in the Bay Area from 1982-2002 I never once penned a deal where a single family home could be purchased for less than the rental amount. Every SFR rental investment depended on having a large down payment to achieve positive cash flow. Once I factored in the realistic cost of maintenance...
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    The Home-Staging Cheat Sheet

    The cost of getting a house professionally staged is not worth it under any circumstance. If homes have a really challenging feature, like a tree growing through a room (South Laguna-I thought it was cool when I was 13, 35 years later there I was standing in my junior high school crush's old...
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    How Do Neighborhoods Go Bad?

    Sorry this question is kind of vague, but how do neighborhoods become slums? I saw on the History Channel that in the 1890's Harlem was the high class neighborhood of New York with the largest mansions. There was a time when Compton was a nice place, and get this, when I was in elementary school...
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    Show me The Bloodbath -- Not seeing it in Laguna Beach

    I used to "sell" homes in Laguna Beach during the peak. Actually, I just showed them, hence the term "Failedagent". Nonetheless, I do know something about the ultra prime market. First, there will be a "crash" in high end properties in Laguna. According to my high end successful realtor friends...
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    McCain on Obama?s position on Iraq

    "While it is popular to say that WMD were the reason behind the war, the truth is far different" Then we were LIED to by the Republicans you elected! "there is a free market alternative to deal with manpower shortages" A free market alternative that Republican tax cuts REFUSE to pay...
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    McCain on Obama?s position on Iraq

    Where do you guys get your information about the improved conditions in Iraq since the surge? The same place you learned about the WMD's? The truth is a bunch of people who have never been to Iraq probably don't know squat about what is happening there. I hear very lettle positive about Iraq...
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    It's Friday - Has your bank failed today?

    I could be wrong, BUT the Fed cannot just print money on a whim. They have to buy T-Bills. For every T-Bill they buy they COULD print an actual paper dollar, but instead they issue an internal bank deposit (IBDD) which a bank COULD redeem for paper dollars. If my understanding is correct, the...
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    It's Friday - Has your bank failed today?

    Is it true that the only way the Feds can print more money or issue more IBDD's is to sell more treasury bills? Would this mean that they will have to raise the T-Bill rates to issue the money to bail out the FDIC?
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    McCain on Obama?s position on Iraq

    It is pretty tough for me to believe that there is anything we can do to avoid a civil war in Iraq. This civil war reminds me of the Spain in the 30's, they just keep on fighting until there is nobody left who wants to fight. So far no politician has been able to tell me what winning the war in...
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    Costa Mesa

    We have started looking for a 2000 sq ft single level home in East Costa Mesa (not sure what the zip is). It still seems like WTF pricing. We can't afford it unless it drops at least 30%. The airport noise is also pretty fearsome with certain weather patterns.
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    Housing Bill Adds Second Lien Amendment

    This bill seems to be cleverly written to pit all the players into spirited competition. The home debtor hopes that the price of his/her house will crash because their payments will be based on a fixed rate mortgage based on the current appraised value of the house. The less the house is worth...
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    Beach City Teardowns Continue

    When I used to sell real estate in Laguna I quickly found that most people who were moving out lived in a multistory home and recently had a knee or ankle injury. After you turn 50 it takes so long for these injuries to heal that a person has to get tired of sleeping in the pantry because the...
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