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I've seen the same thing around almost all areas in Irvine and surrounding cities. I used to work for a fast-food restaurant in the Tustin Marketplace and my boss told me how it takes $6000 per month to rent out his small space.

Voted for Dr. Paul as well and will continue to do so win or lose.

update #2: Both co-workers bought the places. one took out interest only. not sure what the other guy got, but when i asked him he replied "i'll let my realtor figure it out". So among ppl my age (25-35) it appears that its a great time to buy.

Transcript of the Bank of America Conference Call Talking about the Countrywide Deal http://seekingalpha.com/article/59864-bank-of-america-countrywide-acquisition-announcement-call-transcript

Just an update from one of the co-workers who I was talking to. Apparently, the realtor he's dealing with is willing to front some of the downpayment for him, in exchange for him making the payments on the mortgage. If he pulls out early, coworker is responsible for paying back...

Debate on Gold on FBN between Mike Norman and Peter Schiff http://www.youtube.com/watch?v=Hhd07lBvriU

I talked to two co-workers recently, and they all think this is the best time to buy a home. One is looking for a 300k 1400 sq ft, 3bd, 2 bth condo in Laguna Hills that was built in 1977. Another is looking to buy a 250k 1100 sq ft, 2bd, 1bth condo in Long Beach. Both are obvious...

1. Move out of mutual funds or stocks that are vested in American companies 2. Transfer remaining balance out of Citibank for fear of Citibank going down 3. Explore precious metal investments 4. Explore commodity ETFS 5. Move back home (LA County) and stop renting in Irvine

If inflation is going to happen, I feel like a sucker for saving my money.

I don't have an economic background, but just wondering what everyone thinks how the US economy will be due to Greenspan's policies.

awgee - just wondering if you are buying gold? i have put some money into it as an inflation hedge

I'm a huge fan of Ikea's Cafe. Can't say no to $1 cinnamon buns. There is a great bakery in old town Tustin, Cream Pan. Here's the address + yelp reviews. http://www.yelp.com/biz/cream-pan-tustin

Its a dog and pony show to give the markets confidence that the problem is under control *laughs*. Its not going to work since people are still not making their payments without the reset. You just delay the inevitable and give a chance for the big banks and investment firms to minimize...

http://snarkolepsy.blogspot.com/2007/11/more-news-about-mortgage-fiasco.html