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<p>Graphix,</p> <p>Are you going to the REDC auction for the Admiral Way Townhomes in Costa Mesa? </p> <p>I'm wondering if any will sell since it seems like they need so much work with all the termites, fungus and dryrot.</p> <p>thx in advance for posting any observations if you do...

<p>speaking of The Register, does anyone know what llooll is? I'm too afraid to ask rants..Whenever I read rants posts all I can think is that he/she is laaauuggghhhiiing out looouuuud with incredulity. oh nevermind I googled it...</p> <p><a...

noooooooooooo......... ocfliptrack is a great handle, it's the coolest one on here!

<p>I would just be worried that the HOA dues and lease pmts..would increase to the point where they cancel out the reduction in property taxes..and of the owner/leasor decided to sell the land...I've seen ad's for manufactured homes on the newport bay listed in the high 300,000's but the land...

<p><a href="http://www.ushomeauction.com/property.php?auctionID=H-005&start=0&itemID=2503">http://www.ushomeauction.com/property.php?auctionID=H-005&start=0&itemID=2503</a></p> <p>for instance, these people are in a lawsuit about the increase of the land lease over the years...What is the...

<p>Graphix, </p> <p>Thx for the info, <strong>I know</strong>, it is incredible how many properties are on the market in Costa Mesa right now..even with prices coming down they are still beyond WTF prices..There is another townhome on the auction block right across the street from the back...

<p>Thanks Graphix!</p> <p>I am really just more curious about them then anything. So do you think the previous owners sued the builder and got their money back or something like that? Because if people paid in the $700,000's for those things WHOA I feel bad for them. I read the on the...

<p>Can you ever bid below the opening bid price? There is an auction coming up in Costa Mesa with 15, <strong>yes 15</strong> townhomes to be auctioned off and the opening bids is 389,000-424,000 something like that. These homes were previously listed in the 600,000-800,000 range...they say...

<p>Blue, </p> <p>Wow no response at all from the realtor? At least he/she could have responded saying to keep them in mind for when you <strong>are</strong> ready to make a purchase lol!! I have lived in S. Ca all my life w/ the exception of 1.5 yrs in Texas..when we came back here in 2006 we...

<p>That was an example to show how much interest one would pay over the life of the loan (more than the cost of the actual home)...your scenario makes for even more interest! </p> <p>I thought the Fed rates were hovering around 6-6.5% ?</p> <p>Anyway I was trying to make a point about home...

<p>This board is like a crash course in Economics. I love it. There are so may interesting/nice ppl on here.</p>

<p>IrvineRenter,</p> <p>One thing I will not be saying to myself as I am buying a house for the first time is "Wow this is such a great investment!, I'm going to be making money hand over fist!" </p> <p>By they way I love your blog and I was wondering, are we allowed to post links in this...

I guess I meant in terms of buying just a single home and using it to actually live in, people are always saying "oh home ownership is such a great investment blah blah" even if your home appreciates you still have to take on more debt to get a bigger and better house as the years go by..yeah...

<p>When you look at how much you actually pay for a house it is unfathomable to me how anyone can make that claim. If you buy a 600,000 crackerbox here in Orange County with a fixed 30 yr @ 6.25, the total payments at the end of the loan = 1,321,951.31. Total Interest =729,951.31 ($129,951.31...