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11
Irvine Real Estate / Re: Orchard Hills - Capella by Taylor Morrison
« Last post by Larkfield12 on Yesterday at 09:17:34 PM »
Moving on from this argument, I would like to point out that there are 5 houses now on Redfin on Long Fence street.  A couple appear to be model homes but should be interesting to see what happens here....something seems off at Capella.

Ive been in the models...they are nicely done but $400k above new construction seems high..my opinion..




12
Around Town / Re: Todd Marinovich arrested naked with marijuana in Northwood
« Last post by WTTCHMN on Yesterday at 09:10:30 PM »
Long road led to Todd Marinovich's most recent arrest in Irvine

http://www.ocregister.com/articles/marinovich-726759-hallinan-usc.html
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Irvine Real Estate / Re: Ellwood by Richmond American at Beacon Park
« Last post by eyephone on Yesterday at 09:07:25 PM »
Ellwood and it's epic delays!

Just found that there is yet another slip and COE is postponed. At this point, we ar e looking at over 2 months delay from the date that was committed at the time of PA. I am sure if a buyer stalled COE for two months, he/she would pay dearly for that.

Is there any recourse option available to buyer against RAH for these delays?

hmm
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Irvine Real Estate / Irvine business owners fight SCE electrical substation
« Last post by WTTCHMN on Yesterday at 09:06:18 PM »
Irvine business owners fight SCE electrical substation

http://www.ocregister.com/articles/substation-726737-city-edison.html
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Irvine Real Estate / Re: Ellwood by Richmond American at Beacon Park
« Last post by Cornflakes on Yesterday at 08:56:52 PM »
Ellwood and it's epic delays!

Just found that there is yet another slip and COE is postponed. At this point, we ar e looking at over 2 months delay from the date that was committed at the time of PA. I am sure if a buyer stalled COE for two months, he/she would pay dearly for that.

Is there any recourse option available to buyer against RAH for these delays?
16
Education / Re: First Day of School Tips
« Last post by irvinehomeowner on Yesterday at 06:36:29 PM »
I'm not saying don't bring school supplies, just don't send the entire list with the kid on the first day.

The list itself says none of the supplies are required (so no worries qwerpaper) but it's usually broken up into 2 sections, what each kid will use and what the class could use.

We usually buy the essential stuff first and then on the 2nd or 3rd day or even the next week send what the teacher requests.

Don't burden your child with 2 reams of xerox paper on the first day of school.
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Irvine Real Estate / Re: Orchard Hills - Capella by Taylor Morrison
« Last post by hello on Yesterday at 06:21:07 PM »
Sure. Fair enough. But how much value are you adding to a conversation by saying, Houses in this neighborhood are over-priced and will correct. I'm not saying they'll crash. I'm not saying how much they're over-priced, nor when the correction will occur. I just wanted to share this opinion.?

There's nothing really there, other than a passive-aggressive snarky comment directed at folks here who own in Irvine or are trying to buy. That's how it's taken.

Prices do feel very high, and most of that is because 30-year fixed mortgage rates exist at sub-4% rates, and a decent percentage of cash buyers.


Someone asked the question whether the house was overpriced or not.  I simply answered.  So why wouldnt there be value in that?   Where is the value in the rant you write about my opinions on the value of Irvine housing?
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Irvine Real Estate / Re: Orchard Hills - Capella by Taylor Morrison
« Last post by hello on Yesterday at 06:16:28 PM »
deleted error.
19
Irvine Real Estate / Re: Orchard Hills - Capella by Taylor Morrison
« Last post by hello on Yesterday at 06:15:36 PM »
If it's out of state rentals that you own, then your mentality re: the current market here in Irvine makes sense then. You are still trying to get into a house here, but renting in Irvine.

It's just simple human nature that the naysayers and the negative talkers re: the market are ones that are trying to get "in" the housing market. And the ones that are the cheerleaders, and the positive thinkers are the ones that are currently home owners. It's just simple human nature to defend whatever position you have. No harm in that.

I agree with the former post though, if you are trying to get in or hope for a market crash, GL with that plan, as it will never happen. Market corrections and minor price adjustments may, but a full on crash is a pipe dream. If you are buying to hold and stay, then you can't go wrong. Timing real estate markets is an impossible feat, and no one can predict anything.

Have you guys ever played the telephone game?  One person whispers something to the next person and so on and so on.  By the end of the chain, what the original person said is completely different from what the last person said.  The point Im trying to make is that I never said the market is going to crash.  All I said is that the house is overpriced.  I gave very good reasons why.  I realize you guys try to portray me as having an extreme point of view because I dont agree with your opinions, but really?  Let me be clear.  I never said the market is going to crash.  Do I think it will correct in price?  Absolutely yes.  How much is anyones guess but I do not think this price appreciation is sustainable and in fact as I just mentioned, I think its needs to downward correct.  This is not such an extreme view as you guys would like me to have.

You seem to think that you don't have an extreme point of view, but your posts historically show that you have posted, ad nauseam, the same repeated statements re: the Irvine home prices being too high. This has nothing to do with a telephone game, it's right there in your post history. Almost every single comment that has ever been made as been extremely negative & pessimistic toward the overall housing in Irvine, and the theme is, everything is overpriced according to you.

It's fine to have an opinion on the market, but a lot of it seems extremely biased toward wanting the market to correct itself so you can get in.

I dont deny saying that prices are too high in my opinion, since thats exactly what I said.  What I never said (which you constantly accuse me of) is that prices are going to crash.  Two really different ideas.  So if you were to actually quote me right, then I wouldnt have a problem.  However you wont do so because it doesnt really support your argument. 

BTW you started this rant with me simply because I answered a question asked by someone regarding whether a particular house was overpriced... 
20
"US new home sales race to near 9-year high in July"

"The Commerce Department said on Tuesday new home sales surged 12.4 percent to a seasonally adjusted annual rate of 654,000 units last month, the highest level since October 2007."

http://www.cnbc.com/2016/08/23/new-home-sales-for-july-2016-reported-by-the-commerce-department.html



It will probably continue to hit new highs since the average home sales used to be over 800,000 units in the late 90's and we weren't in bubble territory then.  If you haven't bought a home yet because you think we're in bubble territory now just wait a few more years and see how much more worse it gets ;D.
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