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Also, get rid of intergenerational transfer of prop 13 basis. That's right, the clifftop laguna homes that grandma bought in the 50s and is now passing to her kids? Keeps 1973+2% p.a. tax rate. http://hubpages.com/hub/Preserve-Your-Prop-13-Base-Year-Value-For-Your-Children BTW, i...

There are a few open houses this weekend in McMonigle's email. 72 Golden Eagle 98 & 109 Canyon Creek All three are open Sat & Sunday from 1-4

OK, here's my opinion on the BH debate: 1) Irvine will be BH when the business district by the airport is Century City. I'm talking 50-60 story office towers, and the condo towers are like Wilshire blvd. 2) Irvine needs some sort of home grown wealth creation engine and the above won't...

Looks like 94 Canyon Creek was originally listed in January at $5.5MM, which dropped a few times to land at $4.75MM in March. 90 days to sell a house like that is a pretty good effort. The developer may have come out more or less even on the transaction too. Lets assume that the...

So this place is still up for sale, and its asking price has now put it into the $1MM loss club! http://www.redfin.com/CA/Irvine/33-Ridgeview-92603/home/5928052 Right now it is asking $2.85 and it sold for $3.88 in 2006

i wish, all i can draw are stick figures. So that's not me on calculated risk

How about a 1990 roll back in Laguna Hills? http://www.redfin.com/CA/Laguna-Hills/25894-Via-Lomas-92653/unit-11/home/5692135 Priced at 118,900 or 1% below a January 1990 transaction. and down 68% from October 2005. Although it is still at $133 a square foot.

well, they've dropped the price another quarter mil. $3.05 million. So what will it actually transact at? I bet it goes back to the bank, it'll get wiped off of the MLS and be re-listed in a month's time. It will sell at $2.3 ($400/sf) to a willing buyer, and it will bottom at $300/sf at...

Check out this listing. $3.3MM and $500k below 2006 transaction price. This has no landscaping, so add $200k for that, but i'm sure its not making its neighbors at 25 ridgeview ($4.25MM and a former IHB profilee) and on Grandview happy <a...

I used to live here (my parents still do) and I do think it is one of the nicer places in South County to live. I would put it between Covenant Hills and Coto in terms of prestige, and given the crashing values in Ladera, will likely stay there. Houses are a mix of custom and 3 phases of tract...

Here's a some more fun sale info for 31 Salt Bush mentioned above Here's the earliest:http://www.lrkinc.com/Listings/PrintableFlyer.ASPX?LID=15919627 $8MM!!! Relisted by John McMonigle August 2007: $7.4MM At some point the price dropped to $6.75MM Sold in january for...

Check out this price reduction history in Ladera http://www.redfin.com/stingray/do/printable-listing?listing-id=1101321 <thead> Date Price </thead>...

There are a few established somewhat inland higher end OC communities that could provide a reference point for where shady canyon prices could head. So we'll include communities with large premium homes (3k sf- 10k+) with large lots and no ocean view. Off the top of my mind, there are three...

Its probably because the default rate on their auto loan product is lower than that of the secured personal loan. Any default implies costs and that doesn't change with the collateral. To use a simple example. Cost of recovering money from any default, $1500 in lawyer fees (thats only 3-4...

So, I'm an American living in london, The global tax only affects those who are living in high-cost &amp; low tax places such as HK. So you first have an $80k tax deduction for living abroad. Then, for whatever you pay in foreign taxes, you get a dollar-for-dollar tax credit toward your US tax...