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warmington could always work with the bank and renegotiate the loan...but yep...they need to come down another 20-30%...then they could sell all 4 projects lickity-split.

This goes back to earlier posts...but the project can only be saved by the bank taking it over selling it at a loss to a new developer that can sell them for a profit for 30% less. This is how it worked in early 90's, this is how it still works.

Yeah, I'm sure the banks are holding out till oct 1 when they can unload their shitty loans to the fha. 80% of the appraised value...so basically 50% off.

I hope the world ends with a big gigantic meteor, too...

530 engineers set to move to Irvine: http://www.forbes.com/markets/2008/08/25/amd-intel-closer-markets-equity-cx_ra_0825markets31.html So, as nice boost for houses/condos from 300-600k.

I suspect the upgrades, furniture and landscaping was worth 60-100k. Not a dime more though.

My dad bought in the lows of '96 and sold in 2004. You don't have to sell at the highest or buy at the lowest of low to make money. Yeah, it's all about timing, and not panicking for a few small years...this sh*t is cyclic.

I would do the Pasadera at Glenwood...check ot the master av thread. I posted a spreadsheet for the two areas.

Buy when it reaches close to your rental parity AND you love the neighborhood. It's easy as that.

It's not good PR but, but if they "donate" to their church, it's kind of like paying extortion to tenants not to trash your rental when they leave.

I'm sure they can find a church to move it to in 4 months. I suspect they will have an offer in the next week.

Yeah, they shouldn't allow crinkled or folded tickets. I know just the right fold to make it stick-up and easy to grab. You either do them all that way or none of them. Yeah, I also agree that is a lil fishy on who won. Not that she did anything wrong...it was a physical pick...

I live there and those corner units are all filled.

WTH is up with Turtle Ridge?

Na. You have to pay the HOA and the 2%! haha

Right now you can could get $2800-3100 for a plan F. Irvine corp has equivalent apartments for $3000-3200k over here in The Village. They have zero problems filling them.

In this generation, it's not race that makes people move, it's crime and neighborhood deterioration. That's one great thing about HOA's. Irvine will never have a slum due to the fact there will always be a group of old bittys keeping things in order.

Leisure World's prices never went crazy, so they are steady as you go.

Tricky. If you like woodbury and/or PS then it's an okay deal...7 years from now if you want to move out you can always rent it out...rents will keep creeping up due to the low value dollar and inflation. Sure the condo market is a lil saturated, the one good thing is that the builders are...