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I go by this new phase on my way to and from work each day...and each day either: 1) A worker walks out front of my car without looking and I have to swerve or hit the brakes 2) Machinery pulls into the road without the driver looking. 3) Or the workers park on both sides of...

I think that we still have a downside...especially in an unfinished community like PS with lots of inventory. I've been throught the Serra models and they are gorgeous. I guess if you are planning to stay in the home for a long time and finance it responsibly then you should do what makes you...

IrvineOwner - If you think a house is going to drop 300K in one year, do you think you should buy it? That's a lot of equity to burn in a short time. If you don't buy it now but still feel like giving the 300K away, the OC Mission is a great choice!

IR - Who puts sideways photos on MLS! I mean really! Also "MUST SELL" at almost $600/sq ft. Ummm I don't know if I want 1500 sq ft for 825K, just doesn't sound that fun. Kinda like buying an $18 quesadilla from the Montage.

From your side, you will just have a longer escrow, and the chance that the bank will not accept your offer. Realtors tend to steer you away from these since their commisions are almost always reduced by the bank to gain approval. All in all, I think it is a good way to go...you can get a...

qwerty - Peppino's is great - good food, good prices. Their bar is the place to be though, lots of plasmas, booze, and dark wood...great place to watch a football game.

No Vas hit on a great point. The fed is made up of some of the best financial minds in America (no matter what we all think otherwise) and they are seeing something a lot bigger then stabilizing markets and avoiding dipping into the "R" pool for a quarter or two....heck, that is a healthy...

almon - yes. Most people who buy out of country are not middle class

<p>mino - do you mean it is bad for our dollar to add mass amounts of currency into our current supply on a dialy basis ;) </p> <p>Yes, this will definatly help when B52 feels that housing has stabilized and stops flooding the market with G-Stacks. </p>

<p>and Happy Hoildays to everyone...can't leave that out</p>

<p>I see the dollar coming up AFTER the housing market stabilizes when we can allow our monitary policy more freedom to deal with inflation and the dollar. </p> <p>I think the biggest reason the dollar will go back up in that markets are generally cyclical or act in a cyclical...

<p>Gepetoh - I agree this will be a regionalized effect. Wealthy foriegn investors will always be attracted to Vegas. We take it for granted here in CA, but it is like Disneyland for people outside the US. </p> <p>I think the strong $CAN is driving a small amount of investment in the...

I stopped by a lennar property today and got thesame reponse. It looks like Lennar wants to try to wait the downturn out and not release anything new.

My parents live right on the Canadian border in Washington, and their housing market is booming from the influx of buyers from north of the border. Considering it is a 2 hour wait to cross the border, i'm sure most of these people are retired or it doesn't matter where they live... they could...

Good point, that has settlement written all over it

<p>Too bad you can't short a house</p>

<p>Did you change your name to No Vaseline after this "Big Bank" took it all to use on the borrower? ;)</p> <p>Tough story.</p>

There actually are a lot less on the market in Woodbury right now then a month ago. I believe some of the foreclosures have sold off.

If I could buy a 6.5M house, I'm pretty sure I would drive up Newport Coast drive about 5 minutes and buy something with a serious ocean view an infinity pool (those are cool) No offense to Shady Canyon, but that 5 minute drive takes you to a whole different world.

Wow. My favorite picture is the water heater shot on Caycifish' post...is that smoke coming from the door. Maybe the last picture before they burn the house down?