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Why an “Urban Core” in Irvine Will Not Be Successful

Editorial Note: English is not the first language of the writer of this post, BK. Please forgive the minor errors (and OC Reader Forums inside jokes) and take in the ideas presented by this talented and experienced architectural historian and housing market researcher. First of all City of Irvine has created several urban sectors with tremendous failure in ...
Posted on July 16th, 2010 Keep Reading...

Who is the evil one? The debtor, or the lender?

Most of the "high-end" debtors in OC were/are just a bunch of poseurs. They never had the money to pay their mortgage, and they never would have the money money in the future. I do think there are a few that are suffering from job losses, but they are not the majority, at least not ...
Posted on July 16th, 2010 Keep Reading...

Breakfast at Matador Cantina in Downtown Fullerton

Thanks to Yelp, a recent and terribly random craving for breakfast pizza (not pizza that happens to be eaten the next morning, but rather pizza with, say, eggs on it) led myself and my adventurous companion to Matador Cantina in Downtown Fullerton. This was fortuitous as I had already purchased a Restaurant.com gift certificate for Matador and ...
Posted on July 15th, 2010 Keep Reading...

LeBronapalooza Deconstructed

Why the three headed monster of South Beach may be good for the Lakers and bad for LeBron Let’s first clear the air – regardless of who they sign to play around the Miami Thrice, or how many hours it takes Pat Riley’s goons to convince soon to be ex-coach Eric Spoelstra that the Heat's new practice facility is ...
Posted on July 9th, 2010 Keep Reading...

Strategic Default: Now Playing at the High-End

First, hat tip to Edward Harrison over at CreditWritedowns for posting: Are the rich the biggest strategic defaulters? Not only is that post a must read, but I also suggest you take a gander at his blog, and consider becoming his friend on Facebook. Thanks to FB, I caught this great article. He has some ...
Posted on July 9th, 2010 Keep Reading...

OCPAC Free Movie Mondays: The Wizard of Oz

Recently Lane and I were treated to a private backstage tour of the impressive Orange County Performing Arts Center facilities (more on that in a future post). Today I wanted to highlight a program through which the center is giving back to the community that has supported it for so many years: Free Movie Mondays. This summer ...
Posted on July 7th, 2010 Keep Reading...

Musings on Community: The quintessential 4th of July backyard barbeque

I grew up in a household where we didn’t celebrate the 4th of July. We aren’t usually together as a family on the holiday and we certainly didn’t celebrate it at home. Our family must have gone on some road trips when we were little but that might have been it. My memories of the ...
Posted on July 7th, 2010 Keep Reading...

Shadow Inventory Cannot Be Denied

I have been opining about shadow inventory for years, and in the mean time -- the situation has only been getting worse. The backlog of REO homes in Orange County continues to increase, and the REO sales continue to decrease. REO sales are not keeping pace with the amount of foreclosures. As can be seen ...
Posted on June 24th, 2010 Keep Reading...
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