I hadn’t worked on the Tiger Moth for several weeks and was getting antsy. But on Sunday afternoon I made it back out to Camarillo airport to continue working on attaching the wing tip bow, but when I looked closely at my previous work – arrrrhhh…!

I had carefully epoxy’d it to those triangular pieces off the main and rear spars, used bungee cords and clamps to secure it tightly, but… Read the rest of this article »

The U.S. Treasury Department just issued rules this morning allowing troubled homeowners the opportunity to do a loan modification.

A parallel story line is that the House is coming closer to voting on legislation (maybe tomorrow?) that would allow bankruptcy judges to “cram down” loan terms on lenders. One potential provision to this legislation is that homeowners must first have attempted to do a loan modification prior to seeking relief in bankruptcy court.

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On Friday I met with an investor who owns a number of rental properties by the SeaBee base. I told him, “I’ve got good news and I’ve got bad news”. The good news is that inventory is way down from last summer. The bad news (for investors like him) is that property values have plunged. Here is detailed data of active listings, homes in escrow, and sold listings for a micro section of Oxnard:  Read the rest of this article »