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I think you are right about where each community is relative to each other (for example, I believe Newport Beach has a lot further to go than, say, the IE, or even the delta). However, even though they are closer to the bottom, calling the bottom in the face of high unemployment and record...

freedom, I appreciate the confidence. However, I also realize that the bane of most experts is that they grow to liking the smell of their own BS. Having my ideas run past the likes of IR, Graph, et al, ensures I that do not end up with a narcissistic regard for my own ideas...

The Atlantic blogger Conor Clarke <a href="http://business.theatlantic.com/2009/05/have_we_hit_the_housing_markets_bottom.php">posted</a> on the New York Times story that theorizes that there is a bottom in Sacramento County. What could be better than a Times bottom calling story, you ask? In...

You know, I used to be able to spell! ;-)

I would like to get in on this protectionism/trade issue. On eof the challenges that we have is that we are a very mature economy. For example, we have the highest saturation of automobiles per capita in the world. We raelly do not need that many more cars, which is one of the problems...

If you ask Mrs. cdm what i dislike most about tract houses, she would tell you, instantly, that it is the garage in front. I grew up in a 1927 California Craftsman style home, with a narrow driveway to a grarage in the back. Having the house in front just looks pleasing to me. San Pedro...

awgee, All of the money to be used in the stimulus will have to be borrowed, via the issuance of Treasury notes. Some will be issued through normal auctions. However, the government wants to keep interest rates down, borrowing the entire sum via these auctions may cause the interest...

I think my objection is the gloating by the Obama supporters that they have reclaimed the moral high ground, when in fact the circumstances dictate that there is no moral high ground. If one of these detainees is released and returns to the battlefield to kill an American GI, would you...

Bitserv, Sorry to dissapoint you, but it looks like Obama is leaving a back door on torture: <blockquote>"But the orders would leave unresolved complex questions surrounding the closing of the Guant?namo prison, including whether, where and how many of the detainees are to be...

My perspective is that the builders - in this case, SPF - would not have been able to seel the units they did without this type of customer. If they had to share the "legitimate buyers" with Emerald, Laguna, CdM, the Pelicans, Shady, Balboa, the islands in the bay, Bear Brand, etc., they would...

Sell, Are there any REO's in CC right now?

One other note on places such as Crystal Cove - the banks are not going to sit on REO's much this year. All the news out tof the banks in the past few days is that the banks are grossly undercapitalized, so they will be selling homes much faster.

Skek, I think that the Crystal Cove Prices are going to come down even more than you project. Right now, a "get 'er done" price is in the eights. I think that the pool of potential buyers for that sort of thing is a fraction of what it was at the peak, and that the law of alternatives...

Blackvault, you're going Croatian on me! Try the Cevapi at Pavic's in San Pedro (I believe it is on Alma). Pavic makes his own sausage and bread everyday, and he does a mean Croatian pizza. His kraut is really good, too. You can see a write up...

Over Christmas we were in Seattle, and we got a free suite upgrade at the Monaco.

I am going to put my own two cents in here. The war didn't contribute that much to deficits. As i mentioned before, Defense Spending - including supplementals - as a percentage of GDP is lower than it was in the eighties. The biggest challenge has been demographic: the baby boomers are...

Yesterday, Mrs. CdM and myself were at "the District" to see the reader. We got there early, and wandered through the mall. First, no one was there. Second, Mrs. CdM noticed that all the retailers (Vans, Tillies, Hot Topic, Zumies, etc) are for the younger "allowance" set, and we wondered how...

IR, Senate rules allow individual members to put a "hold" om legislation, and prevent it from coming to the floor for a vote. The Senate can over rule that "hold" with 60 votes. By the way, this arcane rule was the subject of the little kerfluffle between Reid and Coburn over the omnibus...

Finally, in regards to deregulation, it was the Clinton adminsitration that repealed Glass-Steagal. Furthermore, most economists do not believe that the regulatory changes led to the meltdown (in fact, they may have helped alleviate the situation by allowing mergers between financial firms that...

Actually, in regards to deficits, the CBO numbers do not include Obama's stimulus. The first year deficit from Obama would be in excess of $2 trillion dollars. It is almost certain that Obama will run for re-election having increased the debt by more in 3 1/2 years than Bush did for 8. If...