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  1. alan_IHB

    How Low Can Home Prices Drop?

    "Awesome. Is there anything that I can do, personally, to make the decline longer and the bottom even lower?" Answer... YES If you and every potential buyer like you went on strike and refused to purchase a home until prices fell to your desired levels and just rented instead, then no...
  2. alan_IHB

    How Low Can Home Prices Drop?

    i can't see how this isn't a dead cat bounce. I'm still expecting the poop to hit the fan as spring turns to summer.
  3. alan_IHB

    How Low Can Home Prices Drop?

    what's driving prices lower is excess inventory. read calcualted risk. when inventory is in line with buyers then and only then will prices stablize. in a normal market inventory is 4-5 months of sales. in some price ranges inventory is 16 months +. as people walk from homes and banks...
  4. alan_IHB

    Student loan crunch & Irvine impact?

    I'd be more concerned about upcomming tution hikes made necessary by the $16 billion state budget defecit.
  5. alan_IHB

    Recommendation for B + B or Inn - Coastal area

    They might want to just rent a condo for a week... try www.vrbo.com (vacation rental by owner)
  6. alan_IHB

    HGTV Dream Home

    I'd love to win this puppy. I wouldn't worry about the taxes. Because (not to give away personal info) my options are: 1) If I'm wealthy enough .. pay the taxes outright 2) Get a heloc on it to pay the taxes then repay heloc over 10 years 3) When Im not using it, I'd list it on...
  7. alan_IHB

    PMI says 10% down or no go

    I'm shocked this didn't happen a long time ago. If I were a lender I'd want more like 20-25% down in this declining market.
  8. alan_IHB

    How Long Should I Live With My Mother-In-Law?

    Off topic, but relevent to absolute price of living w mother-in-law Recent survy found 70% of married British men would give up sex with their wives for 6 months in exchange for a 50-inch flat screen TV. Does your mother in law have a large flat screen TV? If so you should be able to...
  9. alan_IHB

    Allerca (the cats?)

    I hear it doen't get cold in Florida so whats the big deal?
  10. alan_IHB

    Allerca (the cats?)

    Trooper.. It was not one "fly by night group". FelD1 was identified about 10 years ago as the major cat allergen. What this group claims to have done is use start up capital and established gentic engineer techniques to make a "knock-out" cat for FelD1 just like we have for mice...
  11. alan_IHB

    MOST IMPORTANT POST EVER

    The FED funds rate is only loosly correlated with mortgage rates. The FED cut the rate to bail out the banks, not help homebuyers. Long term rates are based on percieved risk and some speculation on where interest rates will be several years from now. The anticipation is the FED will cut the...
  12. alan_IHB

    Allerca (the cats?)

    Hairless... good thinking ... But... Wouldn't help short hair little better than long hair but not a lot Major cat allergen (felD1) is found in the pelt. You need to skin the cat... (oops, that wouldn't work) Other option is to bath the cat frequently (at least once/week...
  13. alan_IHB

    Allerca (the cats?)

    We put people on cat allergy shots all the time. The academics don't like it because they would rather people get rid of their cats. It will take up to a year to build up desensitization and may not give 100% relief (50-70%) but it's an option. You must have an HMO since they probably...
  14. alan_IHB

    Historical Rent to Price Ratio: 5%

    the fun is taking your car out to the track and doing 190, not messing with it.
  15. alan_IHB

    Historical Rent to Price Ratio: 5%

    "open your 3 car garage doors on a pleasant day, while messing with your race car" My buddies w race cars in CA don't work on them at home. They let Louie in Santa Ana mess with them. You really can't have the tools you need at home to mess with a race car. One of my buddies w a race...
  16. alan_IHB

    Historical Rent to Price Ratio: 5%

    "What do you consider a large lot, no vas? Just curious." Depends on what state you are in. In So Cal, any lot that gives your house at least 12 feet from your neighbor's house and room for a 15'x15' ft backyard be marketed as a large lot. In Texas, I think that's it's least 15...
  17. alan_IHB

    ZipRealty email from today - Foreclosure Home Tour

    In 92 my condo was still new and the developer/owners had an open house during the storm. I'll never forget, one couple parked in the garage and went up to the open house, meanwhile, the levy broke and a wall of water came down the street and flooded the garage w 4 feet of water. The couple...
  18. alan_IHB

    Congress to Investigate CEOs in subprime mess

    Janet Reno... whoyou trying to kid.. after the way that evil witch made her name proscuting inocent preshool owners for satanism and child molestation well, she's no credit to the legal system persnally, I still think she should be taken out, dragged, quartererd and her head...
  19. alan_IHB

    T-minus ? until Countrywide goes under.. . .

    morekaos.. Please explain how the loss on this short would be unlimited, it seems pretty limited to me, do you think you CFC will rebound and double in the next 12 months. This seems a pretty safe play rignt now.
  20. alan_IHB

    T-minus ? until Countrywide goes under.. . .

    How bout shorting CFC now.. Downside... Loss of difference between $6.45 and $7.15 + 0.18 x apprecation (deprecation) in BOA stock price if sale goes thru projected to be minimal. Upside... Deal tanks after BOA does due dilagence on CFC and finds billions more in losses. CFC delare...
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