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1
Irvine Real Estate / Attached SFR Homes
« Last post by Mety on Today at 03:08:36 PM »
I've seen some of Single Family Residential homes that are ATTACHED. What the heck are those? I've seen some in Aliso Viejo and even in Irvine from Northwood Point, Woodbridge and University Park. Isn't SFR supposed to be detached with a full driveway?

One example that's on a market currently:
https://www.redfin.com/CA/Irvine/2-Mandrake-Way-92612/home/4701086

Anybody bought such homes? Any idea why they are not called a condo?
2
General Real Estate and Mortgage Talk / Re: Housing Analysis
« Last post by Mety on Today at 02:58:39 PM »
@Mety:

The burden of proof isn't on me. Seasonality is the default... if this is different, the proof of burden is on all of you to show me otherwise.

All those things you bring up... have all happened in prior years... there were many quick move-ins when prices were still going up... it just happens at this time of year.

I know there is a consensus on this board that it is more than just seasonality, even SGIP has mentioned this being a slowdown, but again, no one has defined what type of slowdown and how large... because if it's only a small slowdown (5%?), what do you really save by the "wait to buy" advice being given by others?

And you must not be reading, both Inc and I have posted links to other articles saying why this might not be a "slowdown".

I'll re-cite them here so you don't have to scroll and search:

1. Lack of new product because of the last bubble crash where builders basically went into hibernation and new construction almost came to a standstill.

2. Aging Millenials who realize they can't live with their parents forever and actually need to go out and buy a home.

3. Still a historically low interest rate environment

4. Some cause for concerns in the stock market and buying real estate usually has a good return over a longer period of time.

5. Other areas like Seattle, where volume numbers are down but prices are still high.

6. Irvine is the best and prices never stay low for long!!!!!!!!! #LastToFallFirstToRise

And since eyephone wants to use other member's posts as evidence, how about:

- USCTrojan has closed at least 3 Irvine homes with multiple offers above list... how is that a slowdown? :)

How is it different than just seasonal? I've said it many times, but I'll say again.

Compare from exact this time 2017. EVERYBODY can see the difference. You could say 2017 was the craziest year, but that also says 2018 is slower than 2017 and once it slows down, who can guarantee back the moving up? This is where you can reference the cyclical graph. But I can see the counter argument too. Maybe this is just a seasonal thing and the price might back up. I'm just saying how this is difference than last year and it doesn't seem so seasonal to me and many others.

I don't care 5% or 25%, I don't know how much that will be and I strongly believe no one can predict that amount. But just in case you think I'm suggesting people to WAIT, I'm NOT. I've said this couple times and you also did agree - "Buy if you find the perfect home you can afford." I'm always focusing on SELLING more than BUYING. #MAXROI. However, I also see the benefit of waiting at least until you do all your 2018 tax and re-budget accordingly. If you've all sorted out everything now already and confident to buy Delano, go for it. No one's stopping you.

No disrespect to USCTrojan, but you really going to argue with 3 transactions from his listings? How about I can show you 5 transactions from Delano to argue that it is not overpriced? You say a single example is misleading, but I must say your counter with 3 sales is less than what I've brought here so far.

But all in all, thanks for your reply. I really mean that since I see your points clear.
3
General Real Estate and Mortgage Talk / Re: Housing Analysis
« Last post by irvinehomeowner on Today at 02:33:59 PM »
@Mety:

The burden of proof isn't on me. Seasonality is the default... if this is different, the proof of burden is on all of you to show me otherwise.

All those things you bring up... have all happened in prior years... there were many quick move-ins when prices were still going up... it just happens at this time of year.

I know there is a consensus on this board that it is more than just seasonality, even SGIP has mentioned this being a slowdown, but again, no one has defined what type of slowdown and how large... because if it's only a small slowdown (5%?), what do you really save by the "wait to buy" advice being given by others?

And you must not be reading, both Inc and I have posted links to other articles saying why this might not be a "slowdown".

I'll re-cite them here so you don't have to scroll and search:

1. Lack of new product because of the last bubble crash where builders basically went into hibernation and new construction almost came to a standstill.

2. Aging Millenials who realize they can't live with their parents forever and actually need to go out and buy a home.

3. Still a historically low interest rate environment

4. Some cause for concerns in the stock market and buying real estate usually has a good return over a longer period of time.

5. Other areas like Seattle, where volume numbers are down but prices are still high.

6. Irvine is the best and prices never stay low for long!!!!!!!!! #LastToFallFirstToRise

And since eyephone wants to use other member's posts as evidence, how about:

- USCTrojan has closed at least 3 Irvine homes with multiple offers above list... how is that a slowdown? :)
4
Sports / Re: Lakers News
« Last post by Mety on Today at 01:22:04 PM »
Slight preview of after NBA final in Staple Center?  >:D

It was the fight that broke the internet!  :D

It had the following: Paul poked Rondo’s eye, Both Rondo and Paul threw punches at each other, and Brandon Ingram pushed James Harden then he threw a punch at Chris Paul. LeBron was the peacemaker. As the crowd were chanting Rondo after the ejection and during the post game recap!!

It wouldn’t be preview of NBA finals because they are both from the same conference. (1 team from the west and east goes to the finals)

Deep recap and analysis. I was saying this.

5
General Real Estate and Mortgage Talk / Re: Housing Analysis
« Last post by Mety on Today at 01:17:19 PM »
It is happening. Mety recently posted a house that sold for around $100k less than the original price asking.

Such compelling evidence!!!

IHO, I guess you are being sarcastic here because it's only one example, but by now I have shown you quite a bit of examples of homes with reduced prices and I also have shown you examples of other things like how the price range has gotten a lot higher than you think from 2 years ago and so on. All those things were single examples, but they are all speaking the same story. Hence they are not a singular example anymore. Other members also have posted many homes with discount prices.

You should show examples also instead of pointing out or asking what you disagree on. All I got from you is #seasonal. Come on, bring some examples to back up what you are saying. It could be an article, Redfin link, or even a single example like Delano.

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Sports / Re: Lakers News
« Last post by eyephone on Today at 01:12:32 PM »
Slight preview of after NBA final in Staple Center?  >:D

It was the fight that broke the internet!  :D

It had the following: Paul poked Rondo’s eye, Both Rondo and Paul threw punches at each other, and Brandon Ingram pushed James Harden then he threw a punch at Chris Paul. LeBron was the peacemaker. As the crowd were chanting Rondo after the ejection and during the post game recap!!

It wouldn’t be preview of NBA finals because they are both from the same conference. (1 team from the west and east goes to the finals)
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General Real Estate and Mortgage Talk / Re: Housing Analysis
« Last post by Mety on Today at 01:07:00 PM »
Also, a TI member mentioned that their family member got $50k credit when they bought a new home.

Is it just me or are there many quick move ins? (New construction)

There are more quick move-ins than usual.

But just say everything is seasonal. We will say it's seasonal even after $100k discount from a detached condo sale. Yeah, it's just seasonal when there are lots of less transactions than the same time last year. Come on, it's only seasonal when even Delano is having a price drop in a newer phase. Don't you get the seasonal thing yet when the home prices are even getting more and more like close to last year's range?

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Sports / Re: Lakers News
« Last post by Mety on Today at 12:55:37 PM »
Slight preview of after NBA final in Staple Center?  >:D
9
Sports / Re: Baseball
« Last post by Perspective on Today at 12:27:27 PM »
Slightly weighted coin flip in favor of Boston when Sale's on the mound (if healthy and throwing better than low-90s), slightly weighted coin flip in LA's favor in every other game.

Randomness rules baseball.
10
Sports / Baseball
« Last post by eyephone on Today at 12:06:44 PM »
Who do you think will win the World Series?
Dodgers or Red Sox

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Attached SFR Homes by Mety
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Re: Housing Analysis by Mety
[Today at 02:58:39 PM]


Re: Housing Analysis by irvinehomeowner
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Re: Lakers News by Mety
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Re: Housing Analysis by Mety
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