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  1. Hormiguero_IHB

    Let's face reality!

    Ah, the stupidity of youth, vanity of middle age, and supreme wisdom of geriatric inertia. Age is also a big determinant on who has been getting crushed in this housing market. Most of the kids born in the 70s were a little too young to really see the early 90s crappy market, and so...
  2. Hormiguero_IHB

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

    That or the banks have effectively shut their doors since they made a bottom on the stock market a few weeks ago. I half expect to see tumbleweeds in the parking lots...
  3. Hormiguero_IHB

    Another 20%-25% drop in the next 3-4 Years in Irvine?

    OC is seriously lacking in institutions of higher education relative to its size and significance. That means less professionals and generally lower incomes once various speculative bubbles wash out. It's also much too dependent on real estate and finance as a job creator. The monoculture of...
  4. Hormiguero_IHB

    Show me The Bloodbath -- Not seeing it in Laguna Beach

    http://www.irvinehousingblog.com/forums/viewthread/2758/ the high end is doing fine in SCl, SM, SF, and LA county. maybe laguna beach and CDM are doing well because they're the only parts of OC that remotely resemble a place a normal person with taste would want to live in OC... of...
  5. Hormiguero_IHB

    The remaining bastions of the bulls

    Yes, I know, CS is infinitely better than medians, and this thread could be justifiably accused of cherrypicking... but anywho... http://www.dqnews.com/Charts/Monthly-Charts/CA-City-Charts/ZIPCAR.aspx BEVERLY HILLS 25 $1,580,000 $1,697,500 -6.92% BRENTWOOD 26...
  6. Hormiguero_IHB

    OC as a whole dropped 20% since last year, but Irvine hardly dropped? Why?

    I don't think anyone will dispute that medians are deeply flawed and far inferior to CS as a way to track a market. But the question in this thread is an interesting one, which CS doesn't answer, to my knowledge (though one could use that methodology, of course): are some zipcodes actually...
  7. Hormiguero_IHB

    KB Homes Parc @ 54 in San Diego

    http://www.dqnews.com/Charts/Monthly-Charts/SDUT-Charts/ZIPSDUT.aspx "City Heights" currently shows a median condo price under 100K. That part of San Diego has some of the problems typically associated with inner-city urban areas. There are many, many low deals to be had in the...
  8. Hormiguero_IHB

    Revisiting the 2005 bankruptcy reform act

    There are certainly more than a few ironies in the ways that the upper-middle class shot themselves in the foot on this one. "What's the matter with Kansas" suggested that low-income midwesterners and southerners were the biggest unwitting victims of the DeLay era - but perhaps that isn't...
  9. Hormiguero_IHB

    Revisiting the 2005 bankruptcy reform act

    Means Testing The most controversial reform in the Bankruptcy Code lies in the creation of a ?means test? for eligibility to file under Chapter 7. The Act requires a comparison of the debtor?s income to the median income in the individual?s domiciled state. If the debtor?s income is above...
  10. Hormiguero_IHB

    even Zillow is starting to reflect reality!

    http://www.zillow.com/HomeDetails.htm?zprop=25509155 Zillow has this place losing 100K in value and sliding into the lower half of the 300 $/sft range. Either Zillow is getting less optimistic and more accurate in their valuation model or the market really is falling that fast. Or a...
  11. Hormiguero_IHB

    Central Coast General Thread

    Wow, thanks, CCO. I think this, combined with the water issues, are two of the bigger challenges to the region, though perhaps things that inhibit growth aren't seen as necessarily negative by the denizens of our little chunk of paradise. Do you have any idea how this contrasts with Carmel...
  12. Hormiguero_IHB

    Central Coast General Thread

    where are the major health care providers, especially of the gerentological variety, in SLO/north SB county?
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