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  1. M

    Newport Coast

    I heard from an old Indian friend that back in the day the Indians who lived in the Newport Coast area would thumb their noses at the Indians who lived in the Bolsa Chica-Brightwater area. Just what I heard...
  2. M

    50% Loss in Real Estate (or more)

    These price declines are phenomonal! I would not be surprised to see 1990's pricing in these areas by 2009 with the rest of the areas following after. Wouldn't that be sompin'?
  3. M

    Orchard Hills Update Website

    <p>"I respect the sensitivity to save the existing orchard rather than scraping it for a few more houses and generating more revenues."</p> <p>At a dollar an avacado, who knows, it might turn out to be a prudent decision!</p>
  4. M

    Newport Coast

    <p>newportnaturalmom,</p> <p>Do you live in a fourplex? If the "fourplex" is a common structure, can you hear your neighbor play the stereo, TV, or go to the bathroom?</p> <p>I am curious to know what it is like to live in attached housing, as there seems to be a lot of it.</p> <p>Thanks.</p>
  5. M

    Welcome to subprime's ghost town -- Irvine

    <p>"Then, in what seemed like the blink of an eye, <strong>4,100 good-paying white collar jobs were gone, or roughly 2% of the city's work force."</strong></p> <p>Jobs that probably never should have existed in the first place. Welcome to the "normal market", Irvine. </p>
  6. M

    Will Barack Obama be our next President?

    <p>"Also, be careful about suggesting that the US should waltz into the tribal regions of Pakistan and take out bin Laden."</p> <p>We have a right to go into the tribal region of Pakistan to capture the terrorist that was responsible for 911 if their government can't deliver him to us within a...
  7. M

    Will Barack Obama be our next President?

    <p>"It showed Kim that we are serious about taking out rogue nations."</p> <p>Effectively combating the Taliban in Afganistan and capturing Osama would have done this. </p> <p>If the effort expended in Iraq was instead directed toward Afganistan and its border area with Pakistan, we would...
  8. M

    Headlines...

    <p>I was surprised to see the Economist (in the "Wall Street's crisis" article of the above edition - not linked) say that to shock the markets out of their mistrust, the government ought to use <em>public money</em> to create a floor to the market, either in housing or in asset-backed...
  9. M

    Brightwater Huntington Beach reduced 300k?

    <p>"Buyers beware of Brightwater in Huntington Beach by Hearthside Homes because inexperienced Hearthside Homes should not have built Brightwater in controversial swamp land, altering the topography drastically , rerouted the course of drainage thus impacting other erosion issues in Huntington...
  10. M

    Brightwater Huntington Beach reduced 300k?

    <p>"The spirit of <u>Blightwater</u>..."</p> <p>"It is a “cross dresser” of architecture."</p> <p>"There are unfortunately “D” teams also recruited recently from the diminishing strawberry fields in Irvine."</p> <p>"Its CEO Katherine Thompson decided to expand building homes on the behalf...
  11. M

    SOCO Walk by Olson Homes

    <p>RE: SOCO Walk</p> <p>It borders an old barrio. The barrio is actually pretty and has mature and beautiful jacaranda trees and cool, old craftsmen houses. Just don't flash your gang signs in this neighborhood.</p> <p>It is also nearby downtown Fullerton which has great bars and...
  12. M

    Ladera Ranch Discussion Thread

    <p>""Oh, we'll be here til about 9 or 10 tonight." He really didn't seem to be kidding!"</p> <p>Probably because it is the realtor's home!</p>
  13. M

    Eliot Spitzer

    <p>"The king! The king's to blame!"</p> <p>Unfortunately, our Hamlet had a fatal flaw.</p>
  14. M

    Speculators will halt RE decline?

    <p>What is a "sovereign" fund? Or should this read foreign?</p> <p>With the run on Bear Stearns, I get the feeling that no one will be speculating in the future. Least not in RE!</p>
  15. M

    Headlines...

    <p>"JPM gets to go the the Discount Window and borrow all the greenbacks they want; Then they loan that to Bear. In the event that Bear defaults, the NY Fed cannot go back to recover from JPM -- hence, non-recourse. "</p> <p>I think this is the Feds way of "bluffing" that they are willing to...
  16. M

    Brits conned in US Shares scam....

    Hey man, with the strong Pound and weak dollar, the amount lost is probably just a drop in the bucket to those folks. Cut us Yankees some slack!
  17. M

    Oh boy... Here we go again.

    <p><em>"Several Wall Street firms – among them Merrill Lynch and Credit Suisse, which sold the county Whistlejacket – <strong>made an informal offer to buy the county's SIVs for 15 cents to 25 cents on the dollar, Cocking said. The county passed."</strong></em></p> <p>You have to admire (or be...
  18. M

    Hindsight

    I<em>n general I think the system will get pretty nice to people like subprimer just because it *has* to. </em>"They didn't in the 90's. " Not only that, but the fact is "being nice" to people like subprimer means the lenders get screwed which just makes the credit all that much tighter...
  19. M

    Speculators will halt RE decline?

    I agree. However, after a year or two of continual price declines, I imagine the potential hair-trigger fence sitters will say "forget it!" and shy away from RE. Kind of like mice who for a long time used to get a treat for hitting the button, but now keep getting zapped. Eventually they stop...
  20. M

    Speculators will halt RE decline?

    <p>Would you buy gold as a hedge against a falling dollar if it (gold) was daily declining in value and you knew the next couple of years some high volume mines would be coming on line?</p> <p>I would stick with oil and coffee beans if so inclined and so far the facts support that my...
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