North County Jim, you’ve been reading my posts for 9 months now. Do I rant and rave like some lunatic LOL? You know my posts enough to draw your own conclusion.

After he erased my post, he admitted he was a little defensive about his own Option ARM, so that explains a lot. In my post, I quoted John Dugan, Comptroller of the Currency, about the risk of Option ARMs, and then estimated that half of people in San Diego with Option ARMs would end up in foreclosure. I should have known better than to make bearish comments about Option ARMs on the blog of a guy with an Option ARM.

I also commented that *we* all need to be more accurate with our analysis, so he took that personally, too bad. We need to stop our optimistic forecasts that have to be revised every quarter.

I love his blog and I think he has some great analysis and is a very good realtor. He is a little too optimistic, and I completely disagree that “superior properties” will be sheltered from the slowdown. He thinks Old Carlsbad and some other unique coastal homes are immune from any more than 5-10% price drops. Those homes can climb to the sky, but not fall more than 5-10%. That doesn’t even make sense. So I rebutted his theory, and he didn’t like it. No bad feelings from me, but definitely an eye opener as to how much good analysis some people can handle. Finally, I am working on my own website, which is taking me longer than I thought. It took me a couple minutes to make a blog, but it doesn’t have the features I need, so I am stuck on some issues with the website, some research I am doing, and busy with some personal things. I hope to have my website up by middle October, as originally planned.