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Sports / Re: Lakers News
« Last post by jmoney74 on Today at 03:54:00 PM »
LO was spotted at Kayne's event. Remarkable recovery?

wow.. was he talking?  got a new liver or kidney in china?
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Sports / Re: Lakers News
« Last post by eyephone on Today at 03:32:43 PM »
LO was spotted at Kayne's event. Remarkable recovery?

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Sports / Re: NBA 2015-2016
« Last post by jmoney74 on Today at 03:25:48 PM »
All star weekend starts in 30 minutes... Kevin Hart, and Rising stars challenge tonight

So NBA ratings are down.. they need our Lakers to get back up on top! 

Are the young all stars getting into the dunk contests now?  Hated it how Lebron and the other jerks stopped doing these activities.. like they are so above it. 
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Sports / Re: NBA 2015-2016
« Last post by ps9 on Today at 03:23:56 PM »
All star weekend starts in 30 minutes... Kevin Hart, and Rising stars challenge tonight
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To be honest I think the sentence is too light  >:(
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Irvine Real Estate / Re: Irvine real estate - 5 Year projection
« Last post by itspid on Today at 02:42:51 PM »
If considered the high tech industry, Irvine starts to change its landscape. Low profile, old company like Broadcom, Western digital starts to layoff, but high profile company, "FANG" expends in Irvine. Amazon hires people like crazy. They probably has more than 500 people in Irvine. Considered of VC volume, Irvine probably  3rd in CA. I believed IC has more detail data, so they are marketing very aggressive.
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Irvine Real Estate / Re: Eastwood is way over priced
« Last post by AW on Today at 02:24:05 PM »
i still don't see how many SF people would cash out and then just buy here, purely investors?  it's not like hey, we got tons of jobs opening up around here, in fact, there's a whole bunch of reorgs already, and more on the way...
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Irvine Real Estate / Re: Irvine real estate - 5 Year projection
« Last post by Bullsback on Today at 02:13:57 PM »
A house you buy to reside in, isn't an investment. So it doesn't matter much. You might know what your profit/loss is when you sell in the distant future; but that's only true if you carefully document everything you spend to upgrade and maintain your house over your ownership period.

And even then, all you have is an accurate figure. Once you sell it, you'll likely buy another house in the same general area. So its value will either have increased or decreased similarly affecting the price you pay for it.

In other words, there's no need to fret house prices. They are what they are, and will go where they'll go.
With one major exception, sometime market forces could cause you to have to relocate and at those times, it is important what the prices of real estate are. I agree with you on affordability and everything and theoretically it would be hard to imagine a scenario where long-term prices go down (cause of inflation...etc...of course if we got to a deflationary state, oh shit is all I can say).  Either way, at this point, just buy what you can afford when you can afford it if you are thinking long-term (clearly it is the path I should have taken a year to a year and a half ago when I casually started shopping for a new home, thinking I could be patient and had the benefit of time given where markets were).  Thank the lord I have a current place...unfortunately while it has appreciated (and I bought it at a low), it certainly didn't appreciate over past 1.5 years like TIC has jacked up its prices. Oh well, what the hell do I know.
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Irvine Real Estate / Re: Irvine real estate - 5 Year projection
« Last post by nosuchreality on Today at 02:10:16 PM »
I think the market will further stratify with associated greater price increases (as a percentage) going to the upper strata. 

The triangle is a traffic choke in all direction at rush hour.  It's getting worse and policy mandates will continue to make dealing with it for those outside  of the triangle more time consuming and costly.

You bind in Irvine's very KUWTJ attitude and you've got a formula for a pocketbook arms race of who's willing to give up the greatest percentage of their income to have the upper level homes.

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Irvine Real Estate / Re: Irvine real estate - 5 Year projection
« Last post by MagicJ1zz on Today at 01:43:04 PM »
I agree $/sqft is getting ridiculous. I also do not debate the role Asian buyers play in Irvine market.

Current population of Irvine in the ballpark of 250k. They say, at the full build out, the pop would be around 300k. Which coincides with 5 year mark from today as 10-12k ppl are moving to Irvine every year on average. TIC is building apartments like there is no tomorrow, which tells me that they do forecast the pop growth to continue. Weather that growth pushes home prices up or turns Irvine into Renter's town is to be seen.

The pop growth will continue, but that doesn't mean people will choose to live/rent in Irvine.  I asked all my coworkers at previous companies.  Most people live in:

1. Tustin
2. Costa Mesa
3. Fountain valley
4. Orange
5. Fullerton

Some Asians coworkers I have live in Temple City or Corona, and commute.

The white folks coworkers who aren't management live in Mission Viejo, Laguna Niguel, Lake Forest etc. A little more richer will live in San Clemente.

The richer managers(Asian) and China/Taiwan fobs will live in Irvine.  I had a vietnamese boss and chinese boss, both live in Irvine.  I also had an Indian boss, same thing, lives in Irvine.  The richer (white) directors/vp's will live in Newport Coast, Newport Beach, San Clemente etc. 

I know I'm generalizing a little bit but this is based on informal break-room talk (data) that I've acquired over the years and this is what I've come to know. 
 
Irvine builds apartments for a reason.  Nobody has 20% down to buy but the single people still need a place to live and commute close to work.  Also, the H1-B (visa) people who are here for work from India and China also need a place to stay close to work.  Companies ship them off all the way around the world and there's an adjustment to the culture, driving, food, etc.  I  have a ton of H1-B friends.  Most want to get a green card but they all rent, and the Indians will first buy a Audi/BMW or Jaguar to show off to their friends.

This is information I gathered from 3 previous companies I work with and 1 American type of company my fiance works for.
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