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...according to the Irvine Co's website. I remember when the sign out in front of the grading project said "Coming Fall 2007" Seems like the Irvine Co doesn't think high-end demand is coming back anytime soon. http://www.villagesofirvine.com/Village-Living/Laguna-Crossing.aspx ^ <a...

Just noticed that 29 Mahogany, which Irvine Renter has profiled a few times, is in foreclosure now. According to Realty Trac, the Notice of Trustee's Sale was issued on January 23. Here is one of IR's posts profiling the property...

...or just some idiot realtor looking for business? The other day I came home and found a Century 21 realtor's business card wedged in my door (Quail Hill). On the back, it says something like "I have a client interested in your house. Please call me if you're interested in selling."...

How many cliches can you count? Did Irvine Renter write this script? http://www.youtube.com/watch?v=bNmcf4Y3lGM <em>"Everyone was doing it!! I needed a nice car and a new television!" "Don't worry, I can get you a job as a dog groomer</em>." Brilliant! [Admins: how do...

From today's NY Times: August 4, 2008 Housing Lenders Fear Bigger Wave of Loan Defaults By VIKAS BAJAJ The first wave of Americans to default on their home mortgages appears to be cresting, but a second, far larger one is quickly building. Homeowners with good credit are falling...

47 Crimson Rose is in foreclosure. The Trustee's Sale is scheduled for July 24. Irvine Renter profiled the property back in January: http://www.irvinehousingblog.com/blog/2008/01/ And 30 Crimson Rose was sold at a Trustee's Sale in August 2007...

Swiss bank UBS announced its huge Q4 loss, including $27.6 billion in Subprime exposure at December 31. But the announcement also noted that UBS's exposure to Alt-A was almost as large: $26.6 billion. UBS has already booked a loss of $2 billion on Alt-A: <p><em>"UBS said its net subprime...

A few data points on larger houses in Quail Hill: 51 Momento, 5 bed, 4.5 bath, 4150 square feet is in foreclosure and scheduled to be sold at a Trustee's Sale on Feb 13: ednesday 2/13/2008 2:00:00 PM...

Mogul's advice to Realtors: Don't keep your day job The Southern California market will get worse before it gets better, he warns a gathering. One survival strategy: Slash prices, now. By Peter Y. Hong Los Angeles Times Staff Writer November 3, 2007 Even Realtors can...

I saw a presentation yesterday by the Chief Economist of a major bank. Two interesting points. 1. He called the current housing market the "Wile E. Coyote Housing Market," as in, when Wile E. Coyote runs off a cliff while chasing the Roadrunner, for a few moments his feet keep moving...

Irvine Renter has provided a formula to help determine where the bottom might lie: (rent * 160) divided by square footage. Using it, I ran a few numbers on recent rentals in Quail Hill: The following properties were rented in the last two weeks: 102 Pageantry: $5,500...

What happened to Turtle Rock back in the 90s? If I have my history straight, it was the Irvine Co's flagship development of the last boom, and was finished in 89-91 just as that boom peaked and began to decline. What happened after that? Did prices decline there through the early and mid 90s...

I've been looking for a 3-4 bedroom house or condo to rent in Quail Hill or Turtle Ridge while I sit on the sidelines and watch the great train wreck unfold. I've started to see some unsuccessful sellers take their properties off the sale market and put them up for rent. Problem is, on...

<p><strong>From the LA Times story:</strong></p> <p><em>The Parks, a Mission Viejo couple, had checked into a bungalow there in hopes of discussing a "business-type thing" that was vexing them, said their daughter, Christie Park, 23.</em></p> <p><em>Police say Kevin and Joni Park paid for...

I've been watching a house at 41 Rose Trellis in Turtle Ridge that is in default and scheduled to be sold at an upcoming Trustee's Sale. This weekend I went up to look at it, and found that the three houses immediately adjacent to it are all for sale: 39 Rose Trellis, 37 Rose Trellis and 35...

Recent comments about Paloma and Las Colinas on this forum indicate that Portola is not moving much inventory or selling new phases. Pardee appears to have pulled out entirely--unverified rumor has it that they will sell the Prado models and be done, and information about Prado has disappeared...