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I was reading USCTrojanCPA's thread on broker co-ops last week and thought that was pretty interesting. I told my wife about it, and pointed to that as a sign of a decrease in foot/sales traffic for TIC which points to signs of a slowing housing market in Irvine (which would be an indication...

So, 75 to 100 years to complete The Great Park huh? If I'm still alive, it'll be a sight to see and a testament to medical technology. I remember before the bubble my wife and I had mapped out areas in OC we definitely wanted to keep an eye on to buy a house in the future. One of our...

We went this weekend. *yawn*....more of the same. First of all, we hate any floorplan where you walk through the front door and trip on the stairs. That's just lame. We walked into one of the models and my wife said, "We rent....but that is our living room, that is our kitchen, this is our...

Neither. Just pull a "Camille." If your Camille from The Housewives of Beverly Hills it doesn't matter because you have four nannies for two children so they can deal with humping the laundry up the stairs. Heck, she doesn't even need a washing machine with four nannies, they could just hand...

I definitely agree with that. The game is rigged. All you can do is limit how many perpetual liabilities one is willing to pay...and not having a house is too high a price to pay to not play the game. I really miss that concept. It was such a great one. Buy a house, and some land...and OWN it...

WHEW! *wipe brow* We are NOT crazy. Glad it's not just my wife and I that think The District was one of the worst layouts we've ever seen. How was that possible? We were looking forward to The District. Spectrum got it right, Fashion Island got it right, Downtown Disney got it right, I was...

Mish did a good post on what he calls the "perpetual liability" - aka the property tax. Imagine the perpetual loan, a loan that no matter what you do, you can never pay off. To help conceptualize the idea, think of it as a perpetual interest-only loan in which you are forbidden to completely...

Thanks! This is the kind of information I was looking for. I had a feeling it was pretty sketchy to pull it off and that I need to be careful. The confirmation is good to hear. And thanks for that link. That is "some" protection and I'm glad I know it now.

We need to move from an IAC apartment to a house or condo. We both work in Irvine and we are scouring Craig's List ads for homes and condo's for rent. But of course, I have heard the horror stories of renters moving into someone's foreclosure or about-to-be-foreclosed-on property and being...

I've looked for this several times and can never seem to find a simple, concise list. I've seen studies done at the national level that show the total tax burden on individuals in each state. It gives a rough idea which states are going to suck the most money out of your wallet for government...

Thanks roundcorners. I really enjoy reading everyone's posts on this board. Unlike other boards, blogs and websites, everyone here seems to be asking good questions and looking for honest answers. There is very little antagonism and personal attacks. It seems to be, for the most part, an honest...

LOL...that is awesome.  :D

:D, LOL...I have no idea if that practice is still around or DOA. My wife and I got married in our early 30's and we had good careers going so it just didn't seem right to accept money from either side. We thought maybe it made more sense back in the "old days" and/or when the 18-25 y.o. crowd...

Oh, I definitely agree with that. I've seen some really nice Mercedes, Porsches and Jaguars in a few places I've lived in. I just think that even those people that are renting and driving Hondas and Toyotas buy houses forgoing all of the "setting aside" they should be doing if they wanted to be...

One of the ideas I've been considering is that I don't think most people realize how much money housing diverts from the "true" costs of a responsible life. Or maybe they do, but make the conscious decision to disregard it. By that I mean, if we are really going to admit to being responsible...

Thanks again for all the info. I'll tell you one thing, we are so tired of renting. I don't know how much longer the OC market has to fall and by how much, and I'd like to think a 12-24 month timeline would be right. If not though we'll need to stick it out for longer.

Well, we looked at both that were on that side of the street (I believe there were only two). One was MSV and the other was Camden. My wife liked both but I think she was leaning towards MSV. Souplantation is at 2825 Main Street and MSV is at 2555 Main Street, so you are right that they are not...

That's interesting. Hmmm. *informing the wife* And the results are in. Okay to rent there, doesn't want to own one. Still, for some of those already there that would be interested in buying one, that could be an advantage, for sure.

I always hear about buying in Irvine because of the quality of the schools. It seems a large factor for buying here. I assume this is for just two reasons: 1) So my kids would go to good schools 2) So I have good resale value on my home Question for #1 I was thinking...if I bought into some...

OMG. Thanks for the post iacrenter. We were planning on moving there in March, as we toured them in November. It was on our top 3 list. They have the same amenities that the condos we've toured usually have, inside and out, and the location was perfect for both of us. Walk to work for her, and...