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hahah, yeah the real answer is to have your dad pay off the house early OR sale the place and move into something smaller. Either strat will save him interest & taxes.

Did OCR post a list?

The inflation adjusted graphs show the median prices houses should be at the 2002 price levels. Anything above that was bubble. Anything below that from this fall on will be an over correction. ...That is unless some stupid politician steps in and f-s up the situation by rescuing stupid people...

Or at least very close to that. Employment is still high for OC so there's a theoretical bottom, somewhere around there. 500k being the price a typical OC family can TRULY afford. ie family income of 120-130k or so.

Did anyone else see today's post over at South OC tracker? http://www.southoctracker.com/2008/06/reos-in-ladera.html That map looks like hell. We are going to see a complete Ladera meltdown this fall. With the comps going down down down to 2002 levels more and more foreclosures are...

If you remove food and energy the current inflation is at 2%. Add back the food and energy everyone needs on a day to day basis...and it's at 10%. BOTH Dubya and Congress can and must knock these down. They are just too slow/unwilling to do anything about it. When was the last time Bush...

:) developers started getting smart?

Damn, that's a hell of a haircut.

Yep, it all about the %. Since you are doing the listing, bump the commission to old school 4%....and use 597k as the price. Do it now during summer! It will sell fast, fast, fast. Also remember not to get greedy...that doesn't work anymore. Keep us updated.

Most of us here has always said if you are going to buy, buy somewhere where you LOVE. Since you are buying at 2003 prices, you should be in good shape.

Yeah, the 2nd market is non-existent without a large down.

These should be 280 ppsf so it's getting very close. I'm sorry they were dumb dumb and paid almost a million dollars for a crackerjack starter home.

I too stand corrected. :) San Carlos in PS closed, not Sendero. Both were attached.

Pencil in Vientos as well, they only have 2 houses left and when I asked when the next phase was I was told..."we don't know".

;) scratch the PS attached condos...those are closing down.

Technically, Four Quartets the last Woodbury attached condo project is still selling: <a...

The ranch just waits it out. They'll lower the lot rate till a builder buys it. It maybe the same project or a new one.