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We are thinking of buying (maybe renting first) in Aliso Viejo, as we like the area and its close proximity to Newport Beach (where we work). We are aware of the toll expense, but what other draw-backs does Aliso Viejo have?: 1- Schools not as good as Irvine? 2- Undesirable area for...

<blockquote>"On Thursday, Sept. 18, 2008, the astonished leadership of the U.S. Congress was told in a private session by the chairman of the Federal Reserve that the American economy was in grave danger of a complete meltdown within a matter of days. ?There was literally a pause in that room...

I live in Irvine/Newport Beach. My loan on my Chicago home is with CountryWide. Their current fixed rate is 5.25%. I heard people can refinance now at or below 5%. Where to find such rates? Any good lenders out there with really good rates? My FICO score is excellent. We are both...

http://www.npr.org/templates/story/story.php?storyId=90455179&ft=1&f=1001 I wish something like that happens here in irvine :)

Sense of entitlement (Some people are just weird): http://www.queercents.com/2008/03/26/citibank-freezes-home-equity-lines-of-credit-helocs/ Mish commented on it here: http://globaleconomicanalysis.blogspot.com/2008/03/citigroup-freezes-helocs.html

Started touring some Irvine builders, Woodbury, Portola ...etc. Basically no price declines in the last 3 month (sincew we last toured). Are these guys selling or what? Or maybe just wishful thinking? Any one out their mind buying at these prices? Total JUNK getting sold for >1 mil...

http://www.lennar.com/CA/OrangeCounty Not bad, but the deals will likely get sweeter by year end (hopefully).

http://piggington.com/november_case_shiller_hpi_gets_spanked Hope we can find something like this for Irvine/Newport Beach specifically.

I am not very familiar with OC and surroundings. What do you guys thing about these two towns? Good schools? What are the pros and cons of these locations/communities? Prices more reasonable than Irvine/Newport Beach? Best bang for the buck?? Thanks a lot in advance.

In the Midwest, new-home sales plunged 27.6 percent in November from October. Sales dropped 19.3 percent in the Northeast and fell 6.4 percent in the South. In the West, however, sales rose 4 percent. http://news.yahoo.com/s/ap/20071228/ap_on_bi_go_ec_fi/economy It is not that bad for...

Hello everyone, new member here. Thanks for the nice blog and helpful people. Sometimes people around here (IHB) mention a rent multiplier of 160, but I did quick calculation on how much a house is worth (buy value) if you can rent it for a specific ammount, and I am getting multipliers as...