Yes, so many.
I see a number of them at Diamond Jamboree in the mornings. Is there a shelter near by or something else in that area?
State of Irvine Real Estate 2026
- Thread starter irvinehomeowner
- Start date
NEW -> Contingent Buyer Assistance Program
Yes, so many.
I see a number of them at Diamond Jamboree in the mornings. Is there a shelter near by or something else in that area?
Why? How would boomers with paid off mortgages use a margin loan to purchase their house?
A 5% ten year with higher oil prices should prove that wrong.
2/27/2026:
10-year - 3.962%
WTI - $67.02
Nasdaq - 22,688
5/15/2026:
10-year - 4.595%
WTI - $101.02
Nasdaq - 26,225
Yes, so many.
I see a number of them at Diamond Jamboree in the mornings. Is there a shelter near by or something else in that area?
vsfan
Active member
Like UCI students ?
irvinehomeowner
Well-known member
I think Tustin Legacy has one.
Mawesome Sauce
Member
Looking at recent price drops with no sale activity. We finally going back to pre covid pricing? Just need another rate shock and mass layoff and that might do it?
CalBears96
Well-known member
We will not go back to pre Covid pricing. Lots of boomers have either paid off the mortgages or sitting on sub 3% mortgages, so mass layoffs won't affect pricing much.
Mawesome Sauce
Member
A stock market crash would force them to liquidate assets. Let’s see will the doomsday happen. I think it will by end of this year as rates cross 5%
Why? How would boomers with paid off mortgages use a margin loan to purchase their house?
CalBears96
Well-known member
How would a stock market crash affect bloomers who don't invest in the market and already paid off their mortgages? And the market WILL NOT crash this year. AI capex is still too high for that to happen. A stock market correction won't happen until next year, at the earliest.
Mawesome Sauce
Member
A 5% ten year with higher oil prices should prove that wrong.
CalBears96
Well-known member
Does it? Let's look at some timeline from when the Iran war started, which caused 10-year and oil prices to climb. Oil price will max out at $120.
2/27/2026:
10-year - 3.962%
WTI - $67.02
Nasdaq - 22,688
5/15/2026:
10-year - 4.595%
WTI - $101.02
Nasdaq - 26,225
Mawesome Sauce
Member
10 year to 5% will take NASDAQ down. I guarantee it. Last time we got 5% every index tanked. Only reason that stopped it was regional banks had problems. Here’s hoping we let it go to hell
CalBears96
Well-known member
That's just your wishful thinking. You're wrong. I GUARANTEE IT.
The 10 year is definitely impacting real estate prices in OC (not so much in SV) so why we we looking at equity index and oil prices as indicators? Rising rates are usually reflective of a booming economy hence good for stocks. Levered plays however are bad news right now. I have a friend who lives in Newport, a very successful guy, who believes NB RE has higher growth potential risk than equities and just took hundreds of thousands out of the market like 2 months ago to buy a $2.5M NB condo as an investment. That is the kind of move that will get punished by a 5% 10 yr. It’s painfully obvious The Fed has turned its asset busting focus to RE as a way of forcing down PCE and from what we see around dropping rents and bloodbaths across the sunbelt it appears to be working.
The housing market in SV has slowed since last year. The drop in the first time buyers market has been deep. The AI revolution has not helped. The tech companies are doing the same thing - layoff. Coupled with high interest rate, the impact on the housing is obvious when you see more and more price cuts from the sellers.
Mawesome Sauce
Member
The 10 year… and history is on my side. 20 years is a different story.