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<p>caliguy,</p> <p>Dana point is not far from the freeway. The I5 is less than a half mile away. I commute from Irvine to San Clemente twice per week and it takes rougly 23 minutes to get all the way back to the Pico business park just before Talega.</p> <p>Patience,</p> <p>Concerning San...

Oh, and I'll be sporting my IHB t-shirt :=-)

<p>I would be down for this ride. I've heard about it before from a roadie at work.</p> <p>So you drink beer and party the whole ride?</p> <p> </p>

<p>"I agree with Oak CreekRenter - I have several friends in LA that make between 100-200K that do not own because it doesnt make sense to pay these outrageous prices for homes. They work hard for their money and given the amount of time they spend commuting, it would make sense to me to drive...

<p>Irvine is a facade of wealth. One cannot attribute to it the ardent facade of wealth and pretentiousness exhibited by Newport and Corona Del mar, but rather a runner-up smuggness that only comes with a silver medal. To many Irvine residents, it is enough to be on the winner's podium.</p>...

<p>I understand how density is an issue in Irvine, so long as only small tracks of land are developed at a time. </p> <p>My point is to illustrate the foolishness of density vs. cost, i.e. a $1,600,000.00 dollar house within flossing distance of your neighbors.</p> <p>Absurd.</p> <p> </p>

<p>So I went to check out the models in Woodbury today. Like many socal residents, I haven't been outside all week due to the fires and horrendous air quality. However, the smoke cleared up today and it seemed like a good opportunity to get outside and see what Irvine is up to.</p> <p>Since I...

<p>Check out this flip in escondido from redefin:</p> <p><a href="http://www.redfin.com/stingray/do/printable-listing?listing-id=1127778">http://www.redfin.com/stingray/do/printable-listing?listing-id=1127778</a></p> <p>You can see that the house was purchased in 8/21 for 525k and relisted...

<img alt="" src="http://www.station303.com/gallery/dump/springer/Maggie_engspring.jpg" />

<p>This post got hi-jacked quick...</p> <p>Props to mino2126 and irvineperson for diligently saving the down while your friends piss their money away. I feel your pain. I can't tell you how much I want to get out of my cramped apartment and into my own home--one that I can <strong>walk all the...

<p>+1 vote for the Mr. Bubble</p> <p>+1 vote to include Schadenfreude </p> <p>Nobody knows what IHB means. I think we need a really in-your-face t-shirt that clearly states the market's insanity and carnage to come. Perhaps something to make fun of the NINJA loans.</p> <p>I like the bumper...

MalibuRenter, Thanks for the info. I develop high-tech marketing tools for realtors at my current job as a software engineer so I am acutely aware of the lack of financial intelligence (and intelligence in general) of realtors. I generally trust the advice of those are already financially...

<p>In my persuit of someday becoming a homeowner, I plan on spending a lot of time over the next few years educating myself about the real estate market, personal finance, and investing. It will help keep me motivated if I can continue to learn about the underpinnings of what's really going on...

<p>caliguy,</p> <p>Looks like we'll be spending a lot of late nights studying the market while everyone else our age fights virtual dragons and trolls in WoW. I hope it pays off </p> <p> </p> <p> </p>

<p>NanoWest,</p> <p>Makes sense now. The bank gets to essentially hold on to 20% of the equity in the home instead of paying it out to the seller.</p> <p>What happens if I can't pay both mortgages? Does the original owner get the house? Then if they can't afford it, the bank gets it? Or does...

<p>Nanowest,</p> <p>So if I'm getting this right, the bank assumes 262,000 in risk and the owner assumes 68,000 in risk. Am I paying the 68,000 loan at 1% directly to the owner, or to an escrow service? If I default on the 68,000 loan, the owner loses out big time. How long would the sellers...

<p>hs_teacher,</p> <p>"Enjoy life a little. You're doing fine. Don't be so stingy on yourself. Life isn't just about owning a house.."</p> <p>I'm getting there, I've just been well, I guess one could say 'traumatized' by the market. You really start to feel the despair after a few years...

<p>NanoWest,</p> <p>"Find a place with an owner that has a lot of equity(purchased before 1995) and cut a deal. The deal looks like this. You put in your 10K, and they give you a 20% second to purchase(at a 1% rate) the house. The banks will jump at this deal because the home seller is taking...

<p>Greetings. The name is Matthew and I'm an Irvine resident; been living the Woodbridge appartments for about 2 years now.</p> <p>As many people on this board, and those involved in the housing market are likely older than I am, I'd like to give everyone a short view of my perspective, as a...