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  1. southoctracker_IHB

    Meet your local knife catchers

    From the Register...first part below. There are a few other anecdotal stories in this article. <strong><a href="http://www.ocregister.com/ocregister/homepage/abox/article_2094304.php">Buyers see discounts of $250,000 or more on foreclosed homes</a></strong> Dan and Neelam Rusu...
  2. southoctracker_IHB

    "Poor Americans" weak $/subprime loans discount in Venice

    ROME - Harry's Bar, the famed Venice watering hole where Ernest Hemingway held court over hearty food and stiff martinis, is offering a discount to "poor" Americans suffering from a weak dollar and subprime blues.<p> The decision by the owner of the restaurant, one of the most expensive...
  3. southoctracker_IHB

    So Cal gets "lackluster" quality-of-life report card

    From today's Register. This is not just OC, but also Los Angeles, Riverside, San Bernardino, Ventura and Imperial counties. Don't see it online so no link: <strong>Report card</strong> Employment: B Income: C Housing: D Mobility: D- Air quality: D Education: D-...
  4. southoctracker_IHB

    Fortune mag: OC home prices should fall 22.2% in next 5 years

    Excellent, <a href="http://money.cnn.com/2007/11/06/real_estate/home_prices.fortune/index.htm">grounded story in Fortune</a> that came out today about the future of real estate, and why prices will revert to historical levels that take into account the price of renting (where have I heard this...
  5. southoctracker_IHB

    NAR former president can't even sell his home

    <p>In case anyone's missed it, this is one of those stories you couldn't make up even if you tried: Thomas M. Stevens, who is the former president of NAR and the Senior Vice President of NRT, the nation’s largest residential real estate brokerage, has had his place up for sale for about...
  6. southoctracker_IHB

    Should we feel sorry?

    <p>As a human being, it's hard not to feel bad for some people who didn't really pay attention, took bad advice to "buy" a property and are/will be losing their homes. I saw this posted on a seller's message board on another site, and wanted to share...it's ridiculous on so many levels. My...
  7. southoctracker_IHB

    Mortgage/foreclosure mess just getting started

    <p>Some interesting quotes from <a href="http://latimesblogs.latimes.com/laland/2007/10/trouble-ahead-2.html">a post at the LA Times real estate blog today</a>:</p> <p>"The current foreclosure wave is being fueled by loans made in 2005 and 2006; these new studies signal that 2007 loans were...
  8. southoctracker_IHB

    Government "giving" $25k towards downpayments??

    <p>Sometimes I get these lovely e-mail newsletters from my landlord's real estate agent. This one, though, had me confused. In it, she mentions that "Our government if offering $25,000 towards down payment and closing cost. This is a GRANT!!! meaning it doesn't have to be paid back." I've never...
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