Irvine Real Estate in 2015... Good or Bad Year?

My guess is relatively flat.  +/- 5%.  Wasn't there another thread for 2013 prices with a wager involved?  Anyone remember?
 
Thank God that this is happening. The yellow invasion has been driving the whites out. Price inflation and demand have been out of sync because of the Chinese. The cemetery will keep Chinese buyers away and allowing prices to stabilize. The white buyers won't mind the green open space. Some of the most beautiful neighborhoods in SoCal were built around a cemetery. This will be good the the white consumers and some of the younger ABC generation buyers as long their deposit is not coming from their elders.

Spykeekuya said:
Cemetery: State and local officials can begin working to create a new veterans' cemetery at the former El Toro Marine Corps Air Station in Irvine.

http://www.latimes.com/local/politics/la-me-pol-new-state-laws-20150101-story.html#page=2

so... down.
 
100-200% gains.. IMO.  Call me if you need Real estate help and I will help you buy your dream home today.  949-306-5347.

If you buy a 1M home soon.. you can possibly gain 2M in the next 12 months.  Hurry.
 
It will stay flat....inventory will continue to grow with new construction but demand will be sufficient to keep prices stable.  I am thinking 3-5% in price increase.

There is a big X factor in what the Fed does next year...a 1-2% increase in the lending rate could have a big impact on buying public, especially now the well of FCB is drying up. 
 
On a side note... Just wanted to thank everyone for letting me live in Socal.. I'll be taking my talents back up north to the bay area!!

 
FARMMMMMIE said:
On a side note... Just wanted to thank everyone for letting me live in Socal.. I'll be taking my talents back up north to the bay area!!

Wait...I though you're in John's Creek!  Good luck up north...real estate prices are equally crazy up there...maybe even more so.
 
Spykeekuya said:
?Cemetery: State and local officials can begin working to create a new veterans' cemetery at the former El Toro Marine Corps Air Station in Irvine.

http://www.latimes.com/local/politics/la-me-pol-new-state-laws-20150101-story.html#page=2

so... down.

I wonder what's going on with Five Points First Refusal Right?  Seems like they would purchase the property just to ensure their future neighborhoods sell well, but they haven't come forward and said anything yet, nor is there any recent news on this. 

From this website (but it's old news):http://www.theliberaloc.com/2014/07...pprove-great-park-site-for-veterans-cemetery/
The folks at Five Point and their army of consultants will likely shift their attention to Spitzer?s efforts to move the Cemetery and Memorial anywhere but the Great Park.  A battle was won last night but the war continues.  FivePoint has the right of first refusal in 2017 for that parcel, and should they deny the Vet?s a resting place at the Great Park, even Emile Haddad?s millions won?t help them.
 
FARMMMMMIE said:
On a side note... Just wanted to thank everyone for letting me live in Socal.. I'll be taking my talents back up north to the bay area!!

good luck man. the bay area is no Johns Creek :)
 
irvinehomeshopper said:
Thank God that this is happening. The yellow invasion has been driving the whites out. Price inflation and demand have been out of sync because of the Chinese. The cemetery will keep Chinese buyers away and allowing prices to stabilize. The white buyers won't mind the green open space. Some of the most beautiful neighborhoods in SoCal were built around a cemetery. This will be good the the white consumers and some of the younger ABC generation buyers as long their deposit is not coming from their elders.

Spykeekuya said:
Cemetery: State and local officials can begin working to create a new veterans' cemetery at the former El Toro Marine Corps Air Station in Irvine.

http://www.latimes.com/local/politics/la-me-pol-new-state-laws-20150101-story.html#page=2

so... down.

That sucks for the people in the Great Park who are superstitious.
 
aquabliss said:
Spykeekuya said:
?Cemetery: State and local officials can begin working to create a new veterans' cemetery at the former El Toro Marine Corps Air Station in Irvine.

http://www.latimes.com/local/politics/la-me-pol-new-state-laws-20150101-story.html#page=2

so... down.

I wonder what's going on with Five Points First Refusal Right?  Seems like they would purchase the property just to ensure their future neighborhoods sell well, but they haven't come forward and said anything yet, nor is there any recent news on this. 

From this website (but it's old news):http://www.theliberaloc.com/2014/07...pprove-great-park-site-for-veterans-cemetery/
The folks at Five Point and their army of consultants will likely shift their attention to Spitzer?s efforts to move the Cemetery and Memorial anywhere but the Great Park.  A battle was won last night but the war continues.  FivePoint has the right of first refusal in 2017 for that parcel, and should they deny the Vet?s a resting place at the Great Park, even Emile Haddad?s millions won?t help them.

that news is basically incorrect.  i dont remember the source, but 5P will not and can not refuse.
 
irvinehomeshopper said:
Thank God that this is happening. The yellow invasion has been driving the whites out. Price inflation and demand have been out of sync because of the Chinese. The cemetery will keep Chinese buyers away and allowing prices to stabilize. The white buyers won't mind the green open space. Some of the most beautiful neighborhoods in SoCal were built around a cemetery. This will be good the the white consumers and some of the younger ABC generation buyers as long their deposit is not coming from their elders.

Spykeekuya said:
Cemetery: State and local officials can begin working to create a new veterans' cemetery at the former El Toro Marine Corps Air Station in Irvine.

http://www.latimes.com/local/politics/la-me-pol-new-state-laws-20150101-story.html#page=2

so... down.

but if you drove out the FCB, the price may go down.  this also means your home value will go down.
 
Someone should ask Farmie, I think he's bought a home in Irvine once every year since 2011.

My prediction: You can't go wrong with Irvine. Unless there is some huge financial crisis, there is no bad time to buy... even the top of bubble buyers, the knife catchers and toxic loan financiers are all in the black by now.

Long live the Unicorn!
 
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