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I've been running the numbers for my part of West HB lately, and I have come to the conclusion that at least for the subset of homes I am interested in, it is in many/most cases less expensive on a tax-adjusted basis (with 20% down) for me to buy a home than it is to rent it. Shocking but true...

<em>Many of middle-class families in OC are still stinging from being excluded from Bush's tax rebate program. While many of our friends got checks of up to $1,200, we got nothing. The reason? We made a bit too much money to be included and were summarily "phased out" of that particular gravy...

I've seen some anecdotal evidence that inventory levels of are relatively flat since the end of January this year. As examples I'll site the inventory graph <a href="http://www.irvinehousingblog.com/inventory/irvine.php">on this site.</a> And the numbers found on <a...