Irvine Housing Blog

I’m rooting against the Cardinals solely because Kurt Warner attributes all of his success to his belief in God & Jesus, yet does not do the same for his failures.  I want him to lose the Super Bowl, and then say to the media afterward, “First of all, I want to thank God and my Lord and Savior Jesus Christ for this loss.”

Can you tell I detest the thanking of God for victory in sports?

I made a post last Thursday that either got buried, or just wasn’t that interesting (which is perfectly fine and I promise won’t offend me.)  Just in case the former is true and considering this is an “Open Thread”, I wanted to resubmit the post here:

Irvine Renter,

I have an idea for a future post, if you’re interested.  Check this out:
http://www.ufcamerica.com/files/Affluent_Brochure.pdf

It’s a long read, but I found it very interesting.  Granted, it’s a sales pitch (as can be seen in the opening page with a cheesy “dream house” and the red section at the bottom of the last page).  And, a bunch of it is the same kind of rhetoric that fueled the housing bubble initially.  But, that aside, I’d be very interested to see if you feel there is validity to any of the arguments posed here.  I feel some of them might hold real wisdom.

I’m sure it would take a good amount of time to truly read, dissect, and write on this material, but figured it might be of interest to the Blog readers especially given [Thursday’s] topic.

Commercial sites?  bankrate.com and irrationalexuberance.com

IPO: THANKS !!!!!

Great Realtor rant against Mr. Frank.  I second it.

Mr. Frank’s unending liberalism and market manipulation of Fanny and Fredie to “help the poor” has seriously jeopardized the American economy and way of life.

He should be banned from Congress.

You may block me my post

if anything is related to realtors, real estate, it goes to end, you may try to learn from Rush L. or Obama who created flock to support with money to survive because:
—One side: home buyers
—The other side: Realtors / Builders / Banks / Financial Inst. / Gov. / Brokers / NAR / Land owners / etc.. who all need to sell high to get rich from buyers

Whose support you want, home buyers, do research on Obama wins, you can make it

With confidence

this should be a national movement to wake people up

http://mortgage.freedomblogging.com/2009/01/31/foreclosure-rescues/5824/

From Mathew Padilla’s Mortgage Insider column today, an article by the co-director of the Center for Economic and Policy Reseach in Washington. 

“It would be easy to design these programs to be more effective simply by tying mortgages to rents, since rents never got out of line with market fundamentals.”

OMG, OMG, OMG.  The first intelligent mortgage market observation to come out Wash DC since ... while I can’t remember.  He must be a big fan of the IHB!

For the record, Pittsburgh, PA has an “h” in it.

Irvine Renter

What I would like to see on this website is a more detailed analysis of each neighborhood in Irvine. Maybe instead of analyzing houses in different areas in Irvine each day, you can have the whole week dedicated to a particular neighborhood. Since we know that people buy in a certain area because of the proximity to certain schools, shopping, parks etc it would be nice to see how all these influence real estate prices. It would be valuable to learn what kind of people live in each neighborhood (age, education, race, income etc). If you dedicate the whole week to an area, maybe the first post can include an analysis of schools, parks, demographics etc, as well as disadvantages of buying in that area (like proximity to rail road tracks, airport etc). Then it would be interesting to profile a different type of property each day and see how the prices are dropping for each segment – low, mid and high. Maybe using your statistical models you can predict where the prices would stabilize for each segment. I know the focus of this website is Irvine, but I think a parallel between West Irvine and Tustin Ranch or Turtle Ridge and Newport Coast could be valuable as well.

I am sure this will help a lot of your readers that want to buy in Irvine, and definitely will help them make a more educated choice.

This is a site that puts a smile on my face:

www.lovelylistings.com

The very, very worst in real estate listing photos, with witty commentary.

That should be www.lovelylisting.com.  No “s”.

My apologies.

IR - I think you have many readers outside the California area who would be interested in their local markets as well.  As but one example there is a site the New Jersey Real Estate Report
http://njrereport.com/ which follows prices in NJ. 

I’m no blog expert but I think if you link their site to yours and get them to reciprocate in returns it directs more traffic to both sites so is a win-win.

Feel very sorry for American when I heard Obama said shameful on Wall St’s big bonus if that all he can give.
IMHO, everyone can say and knew this, but as a Harvard law graduated president, do he dear to say the true, this is illegal (by using tax payer money to pay big bonus) and should be put into sentence.
This is the reason American elected he and this is the hope for American.

Remember the changes he promised, and now the bad bank scheme is again giving money to Wall St as before. for now, he can save the ‘shameful’ word, because it to easy for everyone to say. He, as president of USA, should stop this and get those money back to us, that is the change American really looking for.

Why don’t you pose the same dilemma on George W Bush another Harvard graduated president.

How do you expect the banksters to take advantage of all the deflated prices without their assumed yearly bonus?

Irvine is an offensive place. Plastic people, prettied up with credit cards driving hulking German luxury cars.

I say we surround it with a high concrete wall with mote, then dump all our prisoners there. It will be impossible to escape from!

I have noticed, like it seems you have, a recent upswing in the market over the past couple of weeks. With rates being so low people are buying more than they were a few months ago. Hopefully this continues!