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    What's going into escrow - Irvine and maybe some Tustin too

    I didn't check what the previous price on those properties were, but when I compare the sq ft area, the condition of the house to West Irvine/ Sheridan plan/ Northwood pointe (all with lower HOAs unlike North park and Woodbury), this place still looks pricey to me. For 510k, there was 62...
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    15 yr loan or 30 yr loan?

    With the interest rates going down, I have a question for you guys. Had we bought at 6.5% interest rate for a 417k loan, the monthly payment would have been 2600. At 4.5% (wishful thinking rate for 30 yr fixed), the monthly would be 2100. If 30 yr is 4.5, 15 yr loan would be 4.1 (?)...
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    What's going into escrow - Irvine and maybe some Tustin too

    What is with the houses on Terracima? These are off of Culver, and are built 1982. There is nothing exciting about them. Still they are holding good prices.. http://www.redfin.com/CA/Irvine/8-Terracima-92620/home/4778328 CZ
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    Words (Questions) of Wisdom

    (e) If your answer to any of the above is YES, start again after you solve these three arithmetic equations. It might be a Friday, and you might have downed a few. (ala gmail weekender feature) CZ
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    Anyone been watching the Towering Inferno at Marquee Place?

    Four sales in a year? Something is not right here- either the website or the sale. CZ
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    Lake Forest New Home Buyer

    My two cents: Owning at 24 is not a hassle at all if you plan well, and buy something you can afford without room mates. I bought a townhouse at 23 for 365k with 20% down in 01, and flipped in March 06. My income was roughly the same as you, but 01 was the time of fancy loans. I got 3.5...
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    Paging Ipoplaya

    RC, It did go back to 475k and then to 525k, got sold for 510k. But I think it was a trick to generate multiple offers way above the asking price that backfired. A lot of properties are priced low to get attention from knife catchers so that they step in and increase the price. At 510k...
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    Paging Ipoplaya

    Hello IPO, I just saw that 62 Night Bloom has been sold for 510k. Can you confirm that this is the right price considering that it is too low for the surroundings? If it is, 16 Night Bloom will get my lovely low ball offer that does look justified after all :-) CZ
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    So what will you buy and how much will you spend when it's your time to buy???

    1500 sf, 3 bed, 2 bath. Bedrooms upstairs, living spaces downstairs. Hicks Canyon or Myford school district. Will buy when I can snag a detached condo at 500 to 515k. The time is here, almost. CZ
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    Why wait for prices to drop?

    LOL! At times like this, where most of us are bogged down by the pressure of piled up monies under the beds, we are supposed to take a deep breath and refer to IR's old post about rent vs owning, and read a few analysis posts till we see all negatives in buying NOW and relax. It happens...
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    Appraisal

    Did anyone get any appraisal done on any property they put a "low-ball" offer on? Turns out that one of my low offers is on the verge of approval, and I got an appraisal done- came out 35k more than the value of the house. I might take the plunge and catch that falling knife if this goes...
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    How many of you are putting low ball offers?

    Just curious if anyone is putting any offers at all.. I am so ready to buy, but still not buying for the obvious reasons. But that hasn't stopped me from putting low ball offers on properties I like. So far only one place has gone for a price around the figure I had in my mind, but didn't act...
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    Richistan ad on WSJ - To IR

    IPO, can you post the other picture IR used for the cover also? I am getting an error message about exceeding file size.. Cubic
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    Richistan ad on WSJ - To IR

    The ad for the book Richistan matches 90% with the cover art IR posted for his book. So, is the book Richistan written by IR, or the cover pages were created by the same person? Cubic
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