New communities in Portola Springs
- Thread starter abhinata
- Start date
NEW -> Contingent Buyer Assistance Program
I can argue that 2005 was actually a good time to buy because there were good financing programs, easier to qualify and more inventory to choose from. I remember because there were so many houses to choose from because everyone was trying to cash out at peak. And... a mere 5-10 years later, depending on the product you were living in, it already recouped the losses. As early as 2012, values were already jumping over previous peak values.
This is the biggest hole in your Irvine theories.... you've weren't really shopping Irvine. You weren't on the ground looking at Open Houses and New Home Communities like many of us were. I have posted threads and threads detailing Irvine homes, neighborhoods, floor plans, pricing... what do you have? Just conjecture and failed predictions.
You jump in here every now and then to try to bolster your lies hoping people don't know your past but I'll bring it up every time. Why do you stay when most of the Irvine detractors have moved on? I appreciate a balanced discussion... but use facts, not fiction, history, not revisions.
It started at $2.58M when reopened. I wasn't fast enough to get on the interest list before they closed it. Too late now.
What other new homes are better than Cielo? I'll take a look.
Azul has the largest floorplan in PS, but the model home doesn't reflect this because it's the older IP design, you'll have to look at one of the many inventory homes they have
Azul's high ceiling wasn't really a high ceiling. It was more of a half assed attempt. Calpac was right to get rid of it. If you want high ceiling get Cielo. If you want more square footage get Azul.
Larger isn't really better. There are 2000-2500sft plans from BGR (before great room) days I like more.
But it's subjective. High ceilings is a plus for us.
irvinehomeowner
Well-known member
Except LL wasn't saying it was good to buy anytime from 2005 on. He was still calling Irvine buyers knife catchers in 2013 and recommending not to buy in 2018.
And if 2020 was good, than 2005, 2010 and 2018 would have been better.
And we can look at the receipts but when rates were at the bottom in 20-21 and Covid was flying around, no one was recommending buying.
LL bought in 20, 21 or 22? Maybe he was recommending buying on some other forum?
And if 2020 was good, than 2005, 2010 and 2018 would have been better.
And we can look at the receipts but when rates were at the bottom in 20-21 and Covid was flying around, no one was recommending buying.
LL bought in 20, 21 or 22? Maybe he was recommending buying on some other forum?
Liar Loan
Well-known member
This unhinged rant is all because I discredited your advice to "buy when you can". It's confirmation that I succeeded in making my point.
irvinehomeowner
Well-known member
You actually just proved it. Thanks. If you were able to afford any of those times to buy, and you could hold, you're okay.
Too bad you overpaid post 2020. Should have listened to me in 2013.
It's okay... I know you're losing when all you can do is insult without backup or proof.
Too bad you overpaid post 2020. Should have listened to me in 2013.
It's okay... I know you're losing when all you can do is insult without backup or proof.
Liar Loan
Well-known member
Nothing I said was insulting. You're actually trying to win with insults, but they're falling flat.
irvinehomeowner
Well-known member
I know you hate it when I can use your own words against you:
Just face it, you were wrong... dead wrong. There wasn't very much knife catching in 2013 (which you have been quoted a few times), peak buyers in 2005 if they held out are flush with equity or have already flipped into much better houses and 2018 there was no slowdown and would have been better buying then instead of waiting for when you bought (esp with such low rates).
I can argue that 2005 was actually a good time to buy because there were good financing programs, easier to qualify and more inventory to choose from. I remember because there were so many houses to choose from because everyone was trying to cash out at peak. And... a mere 5-10 years later, depending on the product you were living in, it already recouped the losses. As early as 2012, values were already jumping over previous peak values.
This is the biggest hole in your Irvine theories.... you've weren't really shopping Irvine. You weren't on the ground looking at Open Houses and New Home Communities like many of us were. I have posted threads and threads detailing Irvine homes, neighborhoods, floor plans, pricing... what do you have? Just conjecture and failed predictions.
You jump in here every now and then to try to bolster your lies hoping people don't know your past but I'll bring it up every time. Why do you stay when most of the Irvine detractors have moved on? I appreciate a balanced discussion... but use facts, not fiction, history, not revisions.
zubs
Well-known member
I asked chatgpt...because u know...why think when you have AI?
Relative to today, was 2013 and the following years a good time to buy in Irvine?
From YCharts data, here’s the index value at the end of each year:
Using those figures, here’s the estimated annual appreciation:
Relative to today, was 2013 and the following years a good time to buy in Irvine?
Home Price Index: Year-End Figures (Purchase-Only Index)
From YCharts data, here’s the index value at the end of each year:
- 2013: 242.63
- 2014: 255.49
- 2015: 272.08
- 2016: 286.48
- 2017: 305.04
- 2018: 315.58
- 2019: 332.26
- 2020: 356.76
- 2021: 421.62
- 2022: 439.22
- 2023: 464.75
- 2024: 517.02
- Q1 2025: 532.30 YCharts
Year-Over-Year Percentage Changes
Using those figures, here’s the estimated annual appreciation:
- 2013→2014: (~255.49 − 242.63) / 242.63 ≈ +5.3%
- 2014→2015: (~272.08 − 255.49) / 255.49 ≈ +6.5%
- 2015→2016: (~286.48 − 272.08) / 272.08 ≈ +5.3%
- 2016→2017: (~305.04 − 286.48) / 286.48 ≈ +6.5%
- 2017→2018: (~315.58 − 305.04) / 305.04 ≈ +3.4%
- 2018→2019: (~332.26 − 315.58) / 315.58 ≈ +5.3%
- 2019→2020: (~356.76 − 332.26) / 332.26 ≈ +7.4%
- 2020→2021: (~421.62 − 356.76) / 356.76 ≈ +18.1%
- 2021→2022: (~439.22 − 421.62) / 421.62 ≈ +4.2%
- 2022→2023: (~464.75 − 439.22) / 439.22 ≈ +5.8%
- 2023→2024: (~517.02 − 464.75) / 464.75 ≈ +11.3%
Final Verdict
Yes—every year after 2013 was a good time to buy in Irvine, from the perspective of today in 2025. Buyers in 2014–2017 enjoyed steady growth; 2020–2021 buyers saw explosive returns; and 2022–2024 purchases still netted solid appreciation.
zubs
Well-known member
Here are the bad years chatgpt said..."bad"
what year was a bad time to buy in Irvine?
what year was a bad time to buy in Irvine?
Summary Table
| Year Bought | Immediate Market Trend | Long-Term Result by 2025 | “Badness” Reason |
|---|---|---|---|
| 2006–2007 | Crash soon after | Took ~10 years to recover | Bought at pre-crash peak |
| 2018 | Very slow growth | Solid by 2025 | Weak early gains |
| 2021 | Surge → slight dip | Good by 2025 | Short-term drop after peak |
| 2022 | Cool market | Good by 2025 | Weak early gains |
irvinehomeowner
Well-known member
Was that Irvine specific or just real estate in general?
Remember that my "good time to buy" has caveats, you can afford it and you can stay for a long time. So I asked ChatGPT about buying in Irvine from 2005 until now if you held for 10 years:
>>
I'm sure this will also hold for outside of Irvine.
Remember that my "good time to buy" has caveats, you can afford it and you can stay for a long time. So I asked ChatGPT about buying in Irvine from 2005 until now if you held for 10 years:
>>
- 2005–2007 Purchases: Buyers during this period experienced modest appreciation, with gains ranging from approximately 24% to 41% over 10 years.
- 2008–2012 Purchases: Despite the market downturn, buyers who purchased during this period saw substantial gains, with appreciation ranging from approximately 51% to 111% over 10 years.
- 2013–2025 Purchases: Buyers in these years experienced steady appreciation, with gains ranging from approximately 6% to 41% over 10 years.
I'm sure this will also hold for outside of Irvine.
Cielo has one of the best floor plan in Irvine. 20ft ceiling is so hard to come by for new homes.Finally checked out some model homes over the weekend, Lily in the Great Park by Taymo, Azul by CalPac and Cielo by Shea.
We didn't go into Azul because it looked like the standard box on box design (which Lily was) but we really liked the Cielo Shea designs. The central exposed stairs was nice in the Plan 1 and the 2-story ceilings for the family room in all plans was refreshing to see.
The small master closets were not very big (except for plan 3) and although the Plan 2 had 2 master closets, they were tiny.
I'm surprised none of those plans had a master wet room where the shower and tub were combined in a sauna type area.
Can't believe these are $2-$3m homes. 15 years and new houses more than doubled.
Time heals all wounds.... which is why you shoild buy whan you can.
It started at $2.58M when reopened. I wasn't fast enough to get on the interest list before they closed it. Too late now.
irvinehomeowner
Well-known member
Of just the 3 I saw this last weekend, regardless of price... will have to agree with this.
What other new homes are better than Cielo? I'll take a look.
Azul has the largest floorplan in PS, but the model home doesn't reflect this because it's the older IP design, you'll have to look at one of the many inventory homes they have
CalBears96
Well-known member
Azul has the biggest floorplan because they added a bonus room where the vaulted high ceiling was. That gives you an extra 400-500 sqft. This is fine if you have a large family that requires more space and you don’t care about the high ceiling. But for us, this is a no-no, which is why we chose Cielo 1 over Azul 3 and Olivewood 3. Also, Cielo is the only home with high door frame for upstairs rooms, which is really great, especially when you want to carry a ladder into the rooms.Azul has the largest floorplan in PS, but the model home doesn't reflect this because it's the older IP design, you'll have to look at one of the many inventory homes they have
Azul's high ceiling wasn't really a high ceiling. It was more of a half assed attempt. Calpac was right to get rid of it. If you want high ceiling get Cielo. If you want more square footage get Azul.
GrowthStateofMind
Active member
Highland Park Portola Springs community pool up there near Olivewood, Cielo has fantastic panoramic view to south and east towards greater Irvine, Tustin, etc.
irvinehomeowner
Well-known member
Let go!!
irvinehomeowner
Well-known member
But that's why we skipped Azul because it had the typical CalPac box on box design.Azul has the largest floorplan in PS, but the model home doesn't reflect this because it's the older IP design, you'll have to look at one of the many inventory homes they have
Larger isn't really better. There are 2000-2500sft plans from BGR (before great room) days I like more.
But it's subjective. High ceilings is a plus for us.