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"I will invest my $300K at a safe 5% and earn $1.3 million over the 30 years. " Or you could just put it in your pillow and hope the tooth fairy adds to it. Assuming you you can just get 5% over 30 years is a rather silly assumption. "Speak up, I want to know why" Because...

"and saving the rent/interest for the next 15 years works out much better than renting until retirement (even compounding the down payment). " What are your calculations for this? The big down payment will grow much faster over 30 years if you put into the stock/bond markets. If you are...

"So they're not distressed at all. Maybe 3 years from now." Okay, so they aren't distressed at the moment, because they can borrow money to pay the money that the borrowed (wtf??). Who cares? There are plenty of people out there with teaser rates for another 1-2 years too. The point...

"you might want to consider using the $ to purchase multiple properties -- but only if the prices fall enough to make it worthwhile." Yeah, if they want to be a landlord.

If you need the money in a relatively short period of time then keep the majority of it in CDs. Unless of course you have a crystal ball and can predict what is going to happen in both the domestic and global market place in the next 1-2 years and know the funds you are interested aren't going...

"Unofrtunately, many Irvine residents have been caught in in the fever of trying to raise their lifestyle to match their appreciating homes by assuming ever large amounts of debt to pay for luxury cars, designer clothes, and the newest gadgets." I think this is largely a (Southern?)...

Yep yep, just a troll. Ugh. Seriously, I'll leave you guys to your pseudo-wealth.

Trooper: Get over yourself. You can't make fun of people then call them a "troll" when they react. Complete ridiculousness. Reason: I didn't make my comment based solely on that thread, some people there were completely reasonable. Some were just joking around. But that is the...

Allergy: "Why would you even bother to visit such a forum as this one" Because I'm interested in understanding the housing market and how/why the bubble was created. Up until around 6 months ago I knew very little about real-estate. I left CA before the bubble and when I started...

Laing_Lies: Right many things in life are clickish a good forum isn't one of them though. I've seen this forum turn from being modestly interesting to being filled with a much of innuendo where new comers are either ignored or essentially picked on if they violate the group-think. Anyhow, it...

Why am I being referenced in this thread? This place seems far too clickish, I better just stick to reading the blog.

"due to the Stepford nature of the place" Often when I mention moving to Irvine to my Wife she talks about Stepford wifess. But in reality I don't think its much worse in this regard when compared to other suburban areas in California. I don't know about #1 above though...

reason: Yes hmmm... If you think artwork is a good investment I'd be happy to read your analysis on it. Some things I would like to know about it. How do I determine the "firm foundation" of a piece of Artwork? How in general does artwork appreciate? How can I determine the general...

I just moved back here after being on the east for awhile. I found pretty much everything to be more expensive here (Well produce is cheaper). At least for me the biggest jumps in cost were: all things related to your car (Gas, insurance, registration, repairs etc), rent and entertainment...

Irvine Allergy: So I'm being contradictory because I was thinking about getting a Saab? I didn't fully research the Saab because I knew I wasn't going to pay that much for a car right now. If I had the cash I would've looked into matters more, but still the price of the Saab 9-3 is not...

tourbillon: Because it limits your ability to build wealth. Now if you are already wealthy and by that I mean true wealth not the Irvine version of wealth, then it doesn't matter (Of course you could do other more meaningful things with your money, but that is a different issue). I...

Irvine Allergy: I never said "Saab is better than a Chevy". But the Saab 9-3 sport 2.0T has a MSRP of $26.5k while the closet car I know from Chevy is the the Malibu Maxx 5 door LTZ which has a MSRP of $24.5k (I'm not sure if Saab's share a platform with a Chevy etc or not). But with...

Nude:You consider what I'm doing shoving my values at others, I consider it giving arguments for something I think. But it comes off as "shoving my values" merely because I'm saying something that differs from the apparent group-think of this site. If I made these comments at say Housing Panic...

Laing_lies: "I didn't see any negatives about consolidating into a 30-year payoff plan". If the rates are low then its not a big deal, but I don't like debt and I'd like to be debt free as soon as possible. Consolidating into a 30-year loan, seems to encourage one to keep the...

Laing_Lies: You are starting to sound like a housing bull (Maybe you are, I have no idea)!. Leveraging is always very risky and it rarely pays off, of course everyone thinks they know what the markets are going to do etc etc so people do it. Anyhow, I also have student loans that...