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    Ultrashort ETFs

    Go with the SDS or the Prudent Bear Fund. Both are doing well and will continue to do so.
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    Banking questions - savings account

    It doesnt matter which savings of checking vehicle you use now or what it pays. The Govt is getting lent money at 0% interest, sometimes negative interest, so all rates will hit 0% shortly. You might as well buy the Yen or something.
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    At what mortgage rate would you seriously decide to buy in Irvine at the current price levels???

    The talk tonight was instead of, or in addition too, the govt will require principle be reduced on this delinquent loans. I guess as long as they are allowed to make and break the rules, all bets are off. They could sign a bill mandating that all home owners make money on their loans for all...
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    Another young flipper in over his head

    No worries, onw day we'll have a Flipper President then the house scam will really take flight.
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    Master Planned Communities in San Diego

    Panda, if you're not near the water (cooler weather) it doesn't make sense to move to SD, IMO. Otherwise it's no different from other places in CA. But it is cheaper than OC. Chula Vista is not well liked by the locals but the default rates there are unbelieveable. You could get a place for...
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    One Nautical Mile

    Does anyone live in this complex and have any comments, or know of someone? Thanks.
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    If you knew this was the bottom!

    You're basically trading a tax write off by paying for it in the form of mortgage interest. You also pay mello roos, property taxes, HOAs, etc. When you buy you're hoping a sucker, errr, buyer, is willing to pay more for your "asset" than you did. If it doesn't appreciate, it doesn't make sense.
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    IAC Renters. Check the prices before you renew your Lease.

    With interest rates headed to 0 and commodities falling back to earth, there is no inflation in the short term...there should be no rent increases. Play hardball! Or tel Bren to start actually reading his WSJ instead of recycling it.
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    Borrowers who did modified home mortgages are already defaulting 6 months later, some as early as 3 months!

    For several months, in discussions about the various and varied loan modification programs out there, we've been noting that re-defaults are rising, but we never actually had any numbers. Today we do. According to the Comptroller of the Currency, John Dugan, who gave a preview of his latest...
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    Another young flipper in over his head

    Good article. These on the ones that I enjoy showing to people who say things like "OC real estate won't fall" or "In Pacific Beach, real estate will keep going up since only really rich people own and invest there." Well as you'll read I'd say a 28 year old mortgage broker a.k.a flipper, the...
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    Down Payment in 2010

    Paying more than you have to for anything with interest at near 0 is absurd. You won't even get a write off. If you're that rich, why are you buying inland and not on the water???
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    Who's buying now?

    Where are all those posters asking why we haven't bought? Where are you guys? lol I guess you don't read the financial parts of your paper. Who would want to own RE right now? It will only follow stocks to the bottom. There are millions of people who were already in debt only to see their...
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    CalPERS' housing portfolio drops $3.2 billion

    By Dale Kasler dkasler@sacbee.com Published: Thursday, Nov. 13, 2008 | Page 1A CalPERS disclosed a $3.2 billion decline in its housing portfolio Wednesday, the latest major setback for the big pension fund. The California Public Employees' Retirement System said an exhaustive...
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    Calling IAC Renters - help me renegotiate

    If you all just boycotted or moved out of IAC properties for the next 12-months maybe you'd get a better rate in Nov 2009, if you were so inclinded to move back.
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    Rent vs Buy 2br Condo

    Actually rates are coming down, not going up. With the global recession, people are racing back into the dollar. Adn buying t-bills, this lowers interest rates.
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