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thelandofnoland said:
Never knew I would see this either ...

$825,000 1610 square foot attached condo w/ no driveway and no view at $512/sf. Being so close to the 73 Freeway (similar to Acacia at Cypress Village) and being built in 2004, with all living areas at the bottom of a 3-story complex, why are they demanding so much???
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Because they don't care if it sells or not. They don't need to sell it. If someone bites, great. If not, no biggie, nothing lost.
 
Australian is really worried of China's slow down and affect Australia's housing market.  Chinese credit boom to hit Australia hard  Maybe slow down in China will also have an impact on Irvine's housing market just like Australia's.

A severe downturn in the Chinese economy will cause ripple effects across the Asia Pacific region, with Australia to come off worst

We now have prices falling in 69 of the 70 cities that report in China,? he said.

?Everything is softening now in China and the question is: can the government adjust the knobs and keep the thing going or are we in for something more serious?

If we go into a downslide scenario in China, Australia would be the toughest hit in the region

The prudential regulator views China as a trigger that could potentially lead do dramatic falls in the Australian property market.
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