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Just tried to send an email to John Campbell and the email link was not working. How conveeenient! https://forms.house.gov/htbin/wrep_findrep So, I left a message on the answering machine at his DC office: 2402 Rayburn House Office Building Washington, DC 20515 Phone: (202)...

"Well, on my way home from Phoenix today, I finally sought out the bungalow that I have been coveting. Neighborhood was kind of decent, but the house right next to it was trashed. Four illegals sitting out front and three cars up on the lawn. No wonder it hasn?t sold. Sad, sad...

"Sed quis custodiet ipsos custodes?" - Juvenal "But who will guard the guards?"

"Plunging home values means 62 percent of Inland Southern Californians who bought homes in the past five years can?t pay off their mortgages if they sell today, according to a report released today by a national online real estate marketing company." I wonder what the percentage is for...

"The backyard's manicured lawn and sparkling pool add beauty and serenity to evening cocktail hours." - LOL!!! I'm not so sure the backyard evening cocktail hours will be all that serene since you are just 20 feet from Harbor Blvd. However, on a positive note, being right on Harbor...

I say eliminate any financial benefit that is associated with home ownership or its purchase. Benefits benefit no one except the existing home owners who are already "in" the pyramid scheme. As the recent bubble clearly indicates, people will stretch themselves financially to make that home...

Not to worry. I hear that many such businesses will be popping up here in the next few months, years.

Drove by the Lofts Sunday. Every store front except two had "For Rent" on it. Looked like a barber shop and a gallery were the only businesses. So, if you want to start a business in our down economy, I'm sure you could get a good deal on a unit that fronts the burgeoning Brea Blvd...

"But Irvine is also the biggest city in Orange County in terms of geographical size, and it?s not very densely populated." It is only densely populated where people live - courtesy of the Irvine Co.

"But I feel the majority of people in trouble now are on fairly similar footing (in terms of income to total debt) with the would be buyers, and can produce documentation to show it." The main difference being that the would-be buyers who sat out during the bubble have a pot full of money!

"At some point we ended up looking at the same room in the house and traded those polite hellos you trade with other house hunters. " That's when you were suppose to congratulate him on having one of his songs selected as the theme for one of last week's posts on the Irvine Housing Blog!

"About all I can tell you is that they will be one of the largest homeowners on the West Coast." LOL! That is too funny! Also Eval, I really like your avatar because it is me. Although I'm single, the conversation still goes on in my head!

"In Bear markets things like houses, equities, etc. return to their rightful owners." Well said. Play day is now over for the American consumer because they aren't giving away money any more like they use to. Hopefully all the party-ers will gracefully exit the homes they usurped from the...

Oh come on! We're not even in a recession (according to Bush) and inflation is not bad enough to warrant a rate increase (according to Ben). Now, get back to work!

"Hey, no vas, if you want to read religion books, try some from Alan Watts. " No Vas, if you are looking for myth and religion, try the "Masks of God" series by Joseph Campbell (whom IR quoted today on the blog). Great stuff! Also, Alan Watts is great too: "Myth and Symbols in...

"Is Crystal Cove immune?" The real question to ask is how many purchases were based on a financing that ASSumed an anticipated appreciation and when will these loans reset?

So let's see, these folks paid around $550K to live in just the upstairs portion of their condo while renting out the office below to help defray costs. Why not spend $100K less on an actual house with a front and back yard, not off such a busy street, but practically right around the...

"Still cheaper than an indefinite involvement in Iraq. Actually, chump change compared to that." Indeed. However, we "signed on" to do Iraq. Leaving early would be like walking away from a house that didn't appreciate like we expected and letting the bank have it. Perhaps this will be...

He should just say he is going to introduce a new currency if he takes office: the Real Dollar. Unlike those old, funny, greenbacks, these will be worth what he says they are worth so you can buy stuff with it. He'll "reset" the game, if you will. "Please vote for me and I will reset the...

"The Magsams aren't looking for a handout, however, and they don't blame predatory mortgage brokers or Wall Street financial wizards for their plight. Instead, they say they simply got caught up in the excitement of the real estate boom and the bad judgment that went with it -- on the part of...