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Irvine Housing Blog


Irvine Housing Blog
Blogging about the latest in housing related topics for the master planned City of Irvine. Read about flips gone bad, sales trends, new home developments, and much more! Check out our community forums too!
Articles: 1, 2, 3, 4, 5, 6, 7

Articles

Rent
2008-02-27 12:30:00
You dress me up, I’m your puppet You buy me things, I love it You bring me food, I need it You give me love, I feed it And look at the two of us in sympathy With everything we see I never want anything, it’s easy You buy whatever I need But look at my hopes, look at my dreams The currency we’ve ...
More About: Rentals , Rent
New Market
2008-02-26 12:30:00
Theres a brand new day on the horizon Everythings gonna be just fine Theres a brand new day on the horizon And the whole worlds gonna be mine Im gonna tell old trouble, hed better be moving on Happiness is going to take his place around here from now on The old dark clouds are gonna roll away The sun is gonna shine And the ...
More About: Market , Rollback , New Market
The Credit Crunch
2008-02-25 12:30:00
Fine Line: Sub-Prime Decline - The Richter Scales . . The Credit Crunch In 2007, the financial markets were abuzz with talk of a ?credit crunch.? It was portrayed as some unusual and unpredictable outside force like an asteroid impact or a cold winter storm. However, it was not unexpected, and it was not caused by any outside force. ...
WOT 2-23-2008
2008-02-23 17:55:00
There was a discussion this week over at Calculated Risk on the Bailout Plan du jour (BTW, has anyone else noticed the pattern of periodically introducing a bailout plan that fails? Denial reinforcement?) I was writing about this possibility last April in the post How Homedebtors Could Avoid Foreclosure. Below the Calculated Risk post ...
More About: 2008
Should I Stay or Should I Go?
2008-02-22 12:30:00
Darling you gotta let me know Should I stay or should I go? If you say that you are mine I’ll be here ’til the end of time So you got to let me know Should I stay or should I go? Always tease tease tease Should I Stay or Should I Go? — The Clash This is the question every underwater, subprime ...
More About: Rollback
Hung Upside Down
2008-02-21 12:30:00
Look what’s happening to me, I’m going blind, please help. There I sat until three, gettin’ further behind myself. Bymyself. Someday I will be free, and there’ll be times, you just wait. I will come to you, see, what I’ll bring you when I get straight, Oh it’s too late. And I’m hung upside down. And I’m hung upside down. Hung upside down, said I’m hung upside down, ...
More About: Rollback , Upside
Old Spice
2008-02-20 12:30:00
Take or leave it or just don’t even bother. Caught in a craze it’s just a phase or will this be around forever. Don’t you know it’s going too fast Racing so hard you know it won’t last. Don’t you know what can’t you see, Slow it sown, read the sign so you know just where you’re going. Stop right now, thank ...
More About: Rentals , Spice
Walkaway
2008-02-19 12:30:00
Somewhere in a roadside motel room Alone in the silence she wakes up too soon And reaches for his arm But she’ll just keep reachin’ on For the cold hard truth revealed what it had known That boy’s just A walkaway Joe Born to be a leaver Tell you from the word go, destined to deceive her He’s a wrong kinda paradise She’s gonna know ...
More About: Rollback
Selling for Less
2008-02-18 12:30:00
I’m a loser, I’m a loser And I’m not what I appear to be What have I done to deserve such a fate I realize I have left it too late And so its true pride comes before a fall I’m telling you so that you wont lose all I’m a loser and I lost someone who’s near to me I’m a ...
More About: Selling
More Avenue One Price Drops - UPDATE #1
2008-02-17 21:30:00
Originally posted December 27, 2007 Address: 1124 Scholarship, Irvine, CA 92612 Plan: 1A 725 sq ft - 1/1 MLS: P609516 DOM: 46 Sale History: none Current Price : $334,990 See our previous posts on Avenue One. This brand new home is for sale by the builder, K Hovnanian. The builder listed a similar property in October 2006 for ...
More About: Update
WOT 2-16-2008
2008-02-16 12:30:00
Note: There is a poll within this post, please visit the site to participate in this post’s poll. Goodbye Housing Bubble . . There are several terms unique to bubble blogs. The following is a list of some of the more common terms compiled from a list provided on Patrick.net: Housing Bubble Glossary · Schadenfreude ? Feeling joy in the ...
More About: News , 2008
Hell in a Bucket
2008-02-15 12:30:00
Well I was drinkin last night with a biker And I showed him a picture of you I said, pal get to know her, youll like her Seemed like the least I could do. Cause when hes chargin his chopper Up and down your carpeted halls You will think I am dressed up quite proper Never mind how I stumble and fall. You ...
More About: Hell , Rollback
Valentine
2008-02-14 12:30:00
To my wife: I worship and adore you, like the goddess that you are, loving you is easy, you are my superstar. I have put you up so high through these years as one, and when I don’t annoy you, we do have ample fun. So much time is writing for this goofy blog, You are petrified your prince has morphed into a frog. I enticed you with ...
More About: Valentine
Foreclosure stats and updates for 2/13/08
2008-02-14 03:36:00
DataQuick reported the foreclosure numbers today. Hat tip to Matt Padilla for the numbers. My guesstimate numbers, from Friday, were pretty close. It seems my math is coming in low for the NODs, but it is still within a 10% error margin. I will experiment with a new calculation for this month, and see if it ...
More About: Updates , Foreclosure , Stats
Deal
2008-02-13 12:30:00
Since it cost a lot to win and even more to lose You and me bound to spend some time wondering what to choose Goes to show you don’t ever know Watch each card you play and play it slow Wait until your deal come round Don’t you let that deal go down Deal — Jerry Garcia. I would like to thank tonye for suggesting ...
More About: Rentals
Estimated Prophet
2008-02-12 12:30:00
California, preaching on the burning shore California, Ill be knocking on the golden door Like an angel, standing in a shaft of light Rising up to paradise, I know I’m gonna shine. My time coming, any day, don’t worry about me, no Its gonna be just like they say, them voices tell me so Seems so long I felt this way ...
More About: Prophet
Quail Hell
2008-02-11 12:30:00
Must be getting early, clocks are running late. Paint my love a morning sky, its all cold. Dawn is breaking everywhere, light a candle, curse the glare Draw the curtains I dont care, but its all right I will get by, I will get by, I will get by, I will survive. I see youve got your list out, say ...
More About: Hell , Rollback
Collage - Northwood - The second casualty in this complex - UPDATE #1
2008-02-10 12:30:00
Originally posted December 30, 2006 The first casualty reported by us in the Collage tract was 714 Timberwood. And yes, these are the actual pictures advertising this property. Kinda crappy huh? You really need to evaluate the smaller no-name real estate brokers/agents before you entrust them with your $500k+ sale. On to ...
More About: Update , Complex , Casualty , Northwood
WOT 2-9-2008
2008-02-09 12:33:00
Britney Spears explains the subprime Housing Bubble Crash . . I love Subprime . . Scary chart of the day. There are some who do not believe we will have a big foreclosure problem here in Irvine. Orange County has already broken all previous records as has San Diego County. If fact, if you look at the chart, the rate of Notices ...
More About: News , 2008
Gimme Shelter ** UPDATE 4 **
2008-02-09 12:29:00
Update 4 — The saga continues… This house was relisted again for $1,359,000. The total loss stands at $473,540. After putting $525,400 down, I imagine this seller did not think they would be risking a short sale. Their equity is all but gone… Update 3 — The price is down to $1,499,000 and still no takers. ...
More About: Update , Shelter , Gimme Shelter , Gimme
Foreclosure stats and updates
2008-02-09 04:17:00
For those who are forum members, then you are probably familiar with the foreclosure thread. For those that are not members, I recommend you join, as there are some great topics, even beyond housing. But, in that thread, I try to update it to show what is happening with the foreclosure numbers, both in OC ...
More About: Updates , Foreclosure , Stats
Liar Loans
2008-02-08 12:30:00
Living easy Loving free Season ticket on a one way ride Asking nothing Leave me be Taking everything in my stride Don’t need reason Don’t need rhyme Ain’t nothin’ I would rather do Going down Party time My friends are gonna be there too, eh I’m on a highway to hell On the highway to hell Highway to hell I’m on the highway to hell Highway to Hell — AC/DC . . “The Road ...
More About: Loans , Liar
Crash and Burn
2008-02-07 12:30:00
When you feel all alone And a loyal friend is hard to find You’re caught in a one way street With the monsters in your head When hopes and dreams are far away and You feel like you can’t face they day Let me be the one you call If you jump I’ll break your fall Lift you up and fly away with ...
More About: Crash and Burn , Crash , Rollback , Burn
Edgestone
2008-02-06 12:30:00
The damage is done You’ve had all your fun The party’s begun The enemy has won Walking off a cliff again You’ve used all your tricks Your lies don’t stick You don’t want to admit You’re done Walking off a cliff again Walking Off a Cliff Again — The Mint Chicks . . Isn’t this what the market is doing: Walking off a cliff again? The realtors have ...
More About: Rollback
Irresponsible
2008-02-05 12:30:00
Call me irresponsible Call me unreliable Throw in undependable, too Do my foolish alibis bore you? Well, I’m not too clever, I I just adore you So, call me unpredictable Tell me I’m impractical Rainbows, I’m inclined to pursue Call me irresponsible Yes, I’m unreliable But it’s undeniably true Call Me Irresponsible — Michael Buble . . Being financially responsible can be difficult. I haven’t always been, but I guess ...
What is Equity?
2008-02-04 12:30:00
Hey that’s the poor man’s house Everybody get a look at the poor man’s house Everywhere they went before must have turned them out And now they’re living in a poor man’s house There’s nothing like poverty to get you into heaven They got a lot of wine and fish up there And the bread’s unleavened They got a lot of ears ...
More About: Analysis , Equity
Shiller on House Prices
2008-02-03 12:30:00
From Calculated Risk: . . I would also like to share with you an email and a series of charts I received from a reader named Kirk: Hello IrvineRenter, I thought you might find these charts interesting. I made them from the following sources: Case-Shiller Housing Price Index for Los Angeles: http://www2.standardandpoors.com/portal/s ite/sp/en/us/page.topic/indices_csmahp/0, 0,0,0,0,0,0,0,0,1,1,0,0,0,0,0.html Effective Federal Funds Rate, 3 Month Treasury Yield, 10 Year Treasury ...
More About: House , House Prices , Prices
WOT 2-2-2008
2008-02-02 12:30:00
Weekend Open Thread 2-2-2008 From Housing Doom:
Crush ?Em
2008-02-01 12:30:00
Party time, going down you better not mess us around the stakes are rich, take a hit or stay the price is high, someone’s gonna pay Looking for trouble, now you’ve found it you’re a drum and we’re gonna pound it Last one standing wins the fight hear us scream and shout all night down on the floor and eat the grit this is ...
More About: Crush
Out of Hell
2008-01-31 12:30:00
The sirens are screaming and the fires are howling Way down in the valley tonight Theres a man in the shadows with a gun in his eye And a blade shining oh so bright Theres evil in the air and theres thunder in the sky And a killers on the bloodshot streets And down in the tunnel where the deadly are ...
More About: Hell
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