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    Clunkers: Taxpayers paid $24,000 per car

    NEW YORK (CNNMoney.com) -- A total of 690,000 new vehicles were sold under the Cash for Clunkers program last summer, but only 125,000 of those were vehicles that would not have been sold anyway, according to an analysis released Wednesday by the automotive Web site Edmunds.com. The average...
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    Move Over Merced: Foreclosures Intensify in New Crop of Western Cities

    wsj.com Some of the nation?s foreclosure epicenters, including perennial chart-toppers Merced and Stockton, Calif.? are seeing a decline in foreclosure activity. But the pain is intensifying in a new crop of Western cities, which have been hard hit by rising unemployment. Of the top 50...
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    Costco to accept food stamps nationwide

    I wonder how someone who is so poor that they are eligible for food stamps but can then afford to pay the $50 annual Costco membership fee? I almost didn't renew my membership and I don't even qualify for food stamps. Sounds like I might live better a better life on food stamps. <a...
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    As Boom Times Sour in Vegas, Upward Mobility Goes Bust

    LAS VEGAS -- Drew Johnson and his wife, Tina had the life many Americans only dream of: A big house in a swanky suburb, a backyard hot tub, and a $100,000 deposit on a new condo with views of the Las Vegas Strip and 24-hour concierge service. They did it all on the salaries of a...
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    Orange County among 10 riskiest housing markets nationwide

    Region has a 99.9 percent chance that home prices will drop by 2011, says PMI. Orange County is among the top 10 riskiest housing markets nationwide, according to PMI Insurance Co.'s U.S. Market Risk Index. That's bad news for the Santa Ana-Anaheim-Irvine MSA, which had a risk index...
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    New rules on condo loans hindering some buyers

    Condominiums are becoming more difficult to purchase and refinance as lenders increase fees and tighten regulations to offset what they say is the higher risk of lending to buyers of condos as compared with buyers of single-family homes. The changes are part of an effort by mortgage giants...
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    Free drugs for jobless

    Something is wrong with this country when the people not working or lose their jobs get better prescrption drug coverage than those of us who do work. <a href="http://finance.yahoo.com/news/Free-Lipitor-Viagra-other-apf-15243765.html?sec=topStories&pos=8&asset;=&ccode;=">Free drugs for...
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    4,820 CalPERS RETIREES RECEIVE ANNUAL PENSIONS IN EXCESS OF $100,000

    <a href="http://www.flashreport.org/featured-columns-library0b.php?faID=2009042908422871">4820 CALPERS Retirees have pensions over $100K</a> As of May, 2008, there were 4,820 CalPERS retirees receiving annual pensions in excess of $100,000. That didn?t include government retirees in 80...
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    Church service over the internet

    Saddleback has a live church forum online. It's awesome. I found it while I was at home and too sick to go to church in person. You can watch Pastor Rick Warren live via this feed: <a href="http://saddleback.com/internetcampus/live/index.html">Saddleback Church</a>
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    Huge ?shadow inventory? portends a bigger crash ahead

    http://www.prisonplanet.com/housing-bubble-smackdown-huge-?shadow-inventory?-portends-a-bigger-crash-ahead.html<a href="http://www.prisonplanet.com/housing-bubble-smackdown-huge-?shadow-inventory?-portends-a-bigger-crash-ahead.html">Housing bubble smackdown</a> Mike Whitney Online Journal...
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    California jobless rate highest since 1976

    <a href="http://www.breitbart.com/article.php?id=CNG.8e244844825401004bc0eeea2e57f5dd.261&show_article=1">http://www.breitbart.com/article.php?id=CNG.8e244844825401004bc0eeea2e57f5dd.261&show_article=1</a> California's unemployment rate soared to its highest level in more than 30 years in...
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    Foreclosure rate up 24% in Q1

    From the AP tonight. So much for the bottom. Get back to your spin classes Bulls!
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    Anyone have an issues with Zip Realty this week?

    I have three separate searches going on in 3 separate metro areas and didn't receive one email for a good 7 day period. That's odd because I normally get them daily. Just checking if anyone else had similar issues. Thanks.
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    Time for the Public Sector to take cuts in pay and benefits

    This is an open letter and appeal to our local, state and federal leaders: Dear Representative: Many of us in the private sector are already subsidizing the cost of salary and benefits for Local, State and Federal workers, including the CA State Assembly and Senate, Congress and the...
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    Borrowers who did modified home mortgages are already defaulting 6 months later, some as early as 3 months!

    For several months, in discussions about the various and varied loan modification programs out there, we've been noting that re-defaults are rising, but we never actually had any numbers. Today we do. According to the Comptroller of the Currency, John Dugan, who gave a preview of his latest...
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    Another young flipper in over his head

    Good article. These on the ones that I enjoy showing to people who say things like "OC real estate won't fall" or "In Pacific Beach, real estate will keep going up since only really rich people own and invest there." Well as you'll read I'd say a 28 year old mortgage broker a.k.a flipper, the...
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    Who's buying now?

    Where are all those posters asking why we haven't bought? Where are you guys? lol I guess you don't read the financial parts of your paper. Who would want to own RE right now? It will only follow stocks to the bottom. There are millions of people who were already in debt only to see their...
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    CalPERS' housing portfolio drops $3.2 billion

    By Dale Kasler dkasler@sacbee.com Published: Thursday, Nov. 13, 2008 | Page 1A CalPERS disclosed a $3.2 billion decline in its housing portfolio Wednesday, the latest major setback for the big pension fund. The California Public Employees' Retirement System said an exhaustive...
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    Cable

    Anyone have an opinion on cable companies? I can't stand them but in most rentals you won't be able to get a satellite dish attached if it isn't already. The price between cable and directv is unreal. Maybe I won't even have a choice of cable companies? I'll probably end up in NB or West...
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    BofA takes out Merrill Lynch

    Still a rough market out there. I'm surprised you can still get capital for real estate. http://tinyurl.com/6nxpya
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