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Started touring some Irvine builders, Woodbury, Portola ...etc. Basically no price declines in the last 3 month (sincew we last toured). Are these guys selling or what? Or maybe just wishful thinking? Any one out their mind buying at these prices? Total JUNK getting sold for >1 mil...

http://www.lennar.com/CA/OrangeCounty Not bad, but the deals will likely get sweeter by year end (hopefully).

http://piggington.com/november_case_shiller_hpi_gets_spanked Hope we can find something like this for Irvine/Newport Beach specifically.

I am not very familiar with OC and surroundings. What do you guys thing about these two towns? Good schools? What are the pros and cons of these locations/communities? Prices more reasonable than Irvine/Newport Beach? Best bang for the buck?? Thanks a lot in advance.

In the Midwest, new-home sales plunged 27.6 percent in November from October. Sales dropped 19.3 percent in the Northeast and fell 6.4 percent in the South. In the West, however, sales rose 4 percent. http://news.yahoo.com/s/ap/20071228/ap_on_bi_go_ec_fi/economy It is not that bad for...

Thanks everyone for replies. I see IR got a nice post on the main blog about multipliers. My way or your way, buying is very expensive vs. renting :)

Hello everyone, new member here. Thanks for the nice blog and helpful people. Sometimes people around here (IHB) mention a rent multiplier of 160, but I did quick calculation on how much a house is worth (buy value) if you can rent it for a specific ammount, and I am getting multipliers as...