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This is the part of the housing bust that I don't get. Realtor buys REO property for "cheap" price in order to re-flip the property, but every educated buyer is going to do their homework and very few are going to be willing to pad the pocket of the flipper based on principle alone. Now...

They just posted another property in here this week at 525K. It is just under 300$/SQ FT, which to me seems like a pretty nice deal. I looked at a rental there in May, and I was impressed with the amount of space due to the bonus room in the floorplan that I viewed. Not sure how the noise...

Did it not show up again yesterday, for 599K?

Can someone explain why Newport Boulevard is comprised primarily of shady massage parlors? Does the mayor of Costa Mesa enjoy massage with a happy ending?

What is your impression of Mesa Verde? I know that it feeds into Estancia, and there has been mention of race wars and gangs, etc. It seems to be a pretty nice area, and the adjacent parks, including Fairview park seem very nice. At what grade levels to the schools start to deteriorate?

I took a drive thru Brightwater today, and it sure seems like a ghost town. Not sure how many have indeed sold as of today, but must not be too many. The auction idea seems likely. There was a terrible sulfery stench over there a few days ago, but that doesn't really bother me. It puts hair...

Looks like 1037 Parkhill has finally been reincarnated as REO. $599,900.

There were a couple of homes that came up on ziprealty this morning in the trails and sands, for around $500 - $550 per sq ft, listed by the builder. Are these prices reduced from the previous asking prices? How much lower will they go?

There were a couple of listings that came up on ziprealty this morning in the trails and sands, listed for around $500 - $550 per sq ft, listed by the builder. Are these prices reduced from the previous asking prices? How much lower will they go?