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    competitive quote for interior and exterior paint

    Is $16K incl paint competitive for full exterior and interior paint including scraping popcorn from the stairway ceiling and 3 rooms upstairs? 1500 sq ft house.
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    El-Erian on the Fed’s Sophie’s Choice - a long time OC guy at PIMCO

    https://www.ft.com/content/fe04f000-434b-4fe3-874d-9ae6822c4224
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    Capital Grille

    We had the pleasure of watching the USC-UCLA game at the bar at CG by SC Plaza, and it only solidified my opinion of CG as the best chain steakhouse, and a decent value. The dry aged 1 lb NY was $61, not cheap but that's more like $75 up here at someplace like The Sea by Alexander, and this...
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    Cooking with lard

    I recently learned that lard is the healthiest fat to fry with - it is a source of unsaturated animal fat, 100% natural, and contains oleic acid, a fatty acid beneficial for the body, especially in the case of depression. In addition to 39% saturated fats, 45% monounsaturated and 11%...
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    Bay area grid strain

    Last week our Powerwalls really paid off with multiple outages during triple digits and evening while still in the high 90s. I even went to the nearby Supercharger for the Tesla to save all my stored electrons for outages. Worked well. A key issue is too much residential solar generation blowing...
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    How high will mortgage rates climb in the next 36 months?

    I was shocked at where they've already risen to for a 20% down/no cost 30 yr fixed $2M purchase when i just checked: San Diego County Credit Union 6.875% 30 year 6.878% APR $434 fees $10,511/mo
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    Irvine on sale

    $659/sq ft for a nice house in a nice area - good news for the buyers, bad news for comps https://www.redfin.com/CA/Irvine/11-Ticonderoga-92620/home/4778533
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    Irvine favorites still going strong 2+ decades later

    It's not just Greek but also middle eastern food - with Cafe Matinee in LF now closed this is the best in the area. Used to go here for lunch in the 90s all the time. https://www.greekislandscuisine.com/ I was goign to mention Las Fajitas near Woodbridge HS but looks like it closed...
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    Institutional landlords under pressure

    https://twitter.com/dimartinobooth/status/1549035549352431617?s=21&t=R_E5fvcdfNFYZdjWGrEo_Q
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    South OC dropping like a rock

    Wow - single level flat lot with privacy and grass in Niguel Hills for $1.25M - blood is in the water and I?m very pleased to see my target market cratering. I want to be 10 minutes or less from Salt...
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    How high does the Fed need to push mortgage rates to kill purchases?

    ?This is a market as resistant to higher interest rates as you could possibly imagine,? said Christopher Thornberg, founding partner at Beacon Economics in Los Angeles. ?This is not a market that 5% interest rates are going to scare at all...
  12. O

    bye bye CFCB

    https://www.wsj.com/articles/china-insists-party-elites-shed-overseas-assets-eyeing-western-sanctions-on-russia-11652956787?mod=hp_lead_pos4
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    Great live Q&A with Larry Summers on WSJ.com right now

    good conversation about real rates
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    At 19.2% Op Margin how can any Tesla competitor ever catch them?

    Tesla's huge lead in hardware and software engineering and manufacturing technology will enable a level of cash generation to continue innovating that the legacy brands won't be able to match without massive govt intervention, and even then where do they get the talent? A friend at my golf club...
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    Bad news ahead for materials inflation - really scary

    https://www.marketwatch.com/story/commodity-prices-are-going-haywire-prompting-fears-of-the-next-financial-crisis-11650378691
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    Tapping equity with HELOC to buy new primary (in OC) then rent current primary

    Does anyone have firsthand experience with the HELOC market right now? Seems like from what I see one could expect to pay 4% fixed for a $200K HELOC assuming all drawn at once. The objective would be to buy a new place without selling our current house as we could rent it for the 15 yr mortgage...
  17. O

    Earthquake policy

    How many of you purchase earthquake ins? My policy cost is > than my entire homeowners premium. Is it the same in Irvine?
  18. O

    south OC older resales - demand profile vs new

    Is there less competition in Irvine and South OC for older resales than for newer (<10 yrs) resales and for new construction (DOM, # of offers, etc)?
  19. O

    55+ communities

    I find myself very interested in a couple of them: 1. Palmia in Mission Viejo. These are pretty nice homes with a great pool/gym/clubhouse complex. No golf so I would need to join a CC. Mix of attached and detached. 2. The Villages in San Jose. Par 72 + Par 3 courses, pools, gyms, rdiing...
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    Numbers by region for $500K+ and $1M+ over asking transactions

    Interesting to see how the different regions stack up https://www.mercurynews.com/2021/08/19/bubble-watch-1368-california-homes-sold-for-500000-plus-over-list-price/
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