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Owner's Issues / Re: Tesla Solar Rental - No removal cost in Sept
« Last post by woodburyowner on Today at 12:14:44 PM »
The Tesla Solar Rental program is an absolute no brainer for those who have avg bills > $75 /month (there will be $10 connection fee with SCE).  Mine is set to get installed in the next week or two.  The only thing I had to take care of was the HOA permitting (cost + form filling).  Everything else, Tesla took care of.

There is a referral program so if decide to do the rental, let me know :)
Irvine Real Estate / Re: When would be next housing Bottom?
« Last post by irvinehomeowner on Today at 11:42:53 AM »
For the record, I don't think eyephone or meccos12 ever predicted or said Irvine price would go down more than other cities.

That's not what I'm saying nor do I think that either.

What I am saying is that even for those say that Irvine is slowing down, it will not be as "painful" (to quote LL) as other cities. Which enforces why FCBs have bought in Irvine, and why there is a general belief that Irvine is more stable than surrounding cities (which has been backed by historical data despite LL's current stance on what is happening now).
Owner's Issues / Re: Tesla Solar Rental - No removal cost in Sept
« Last post by eyephone on Today at 11:39:06 AM »
The key is I can walk away with no penalty. (If I need more panels, no problem or too big of a system no problem)

If I sell or rent the place. (No problem - I don’t have to worry about paying to remove or the existing solar panel balance)

If better panels come out a couple years from now under the program. Yo replace my panels. (No problem, not 100% sure but I think that’s what the guy mentioned)
I went to a Tesla showroom and talked to them about it.

From what the rep told me, the Tesla Powerwall(s) are not available for rental.

Additionally, they do the whole quote online, they use sat images to determine the viability of your roof and how much usable space they have. They also are limited on type of roofs (she said the spanish curved type tiles usually won't work).

For a medium home (4-5 br) with 2 Tesla Powerwalls, the ballpark quote was ~$25k (including Fed discount).

Next call will be to akkord's contact. Wife still wants to do the bathrooms but she is sold on the battery option to keep the lights on.
I might do the monthly.

Resistance is futile. :)
Owner's Issues / Re: Tesla Solar Rental - No removal cost in Sept
« Last post by eyephone on Today at 11:27:56 AM »
I might do the monthly.
Technology / Re: Google Fiber coming to Irvine
« Last post by iacrenter on Today at 11:07:33 AM »
Apparently Google Fiber is not completely dead. They are burying new fiber in my area. I would love to dump COX. Anyone have feedback on their service?
Irvine Real Estate / Re: When would be next housing Bottom?
« Last post by Mety on Today at 10:37:38 AM »
So LL does agree that Irvine dropped less than others in last crash but is firming believing that it will drop (or is already dropping) more than others this time.

Ok, that's your opinion based on datas and experiences so I can respect that. But remember, your opinion can turn out to be wrong. We're all wrong many times so it's ok.

BTW, welcome back, YF!!
Well...I'll give you a scenario where LL is correct.  Lets say that the homes sitting vacant, which are owned and cash owned, the individuals decide they don't want to own them or there is a bigger macro liquidity event that forces that demographic of people to need access to their cash faster then others, which drives Irvine having a higher supply on homes in the market, further pushing down prices (all relative to other areas where you don't have as many heavy cash investors). 

Not saying I would bet odds on that happening, but that is a scenario that could emerge which would put Irvine in a different spot (From a purse supply of homes who are potentially forced to sell).  The caveat there is Irvine has high(er) demand than other areas and others who might look to jump in at that time to buffer that "downside". 

And that's exactly why.

Unlike others who don't understand the premium that Irvine has, I lived in Irvine during the 90s crash. We shopped homes in central OC during that time and were familiar with the market and prices. You could buy more for less in surrounding cities like Lake Forest but when it came to recovery, those cities lagged behind Irvine. People I know, wish they bought an Irvine house rather than somewhere else because it took longer to recover. I've said this before, but why do you think FCBs put their money into Irvine in the first place? If it crashed harder than all the other cities and/or took longer to recover, you think they bought in Irvine just so they could have a small lot and no driveway?

I can understand LL's disdain for the Orange balloon... but why did eyephone and meccos buy in Irvine?

I don't think they ever answered this question, but do they think that Irvine will do worse or better than surrounding cities?

If RE price goes down and there are many houses available on Irvine market, I'll most likely buy another one in Irvine (within our saving budget of course) either for rental or our own.

For the record, I don't think eyephone or meccos12 ever predicted or said Irvine price would go down more than other cities. They just predicted a nation wide market top more than a year ago.

Water Cooler / Re: "Cry 'Havoc!', and let slip the dogs of war".
« Last post by Kings on Today at 10:34:09 AM »
your daily dose of faaaaaake news!

ABC News ‘slaughter in Syria’ footage appears to come from a Kentucky gun range

Are you distrustful of the coverage of what is happening now in northern Syria between the Kurds and the Turkish army? You have good reason to be.

ABC aired supposedly shocking footage Monday and Sunday purporting to be from the frontline battle between the Syrian Kurds and the invading Turks. The only problem is: The footage appears to come from a nighttime machine gun demonstration at the Knob Creek Gun Range in West Point, Kentucky.

After seeing a comment from Wojciech Pawelczyk, I began making some calls. As of this writing, it appears ABC indeed aired footage recorded in the Bluegrass State and claimed it was from Syria. The network has since pulled the video.

"We’ve taken down video that aired on 'World News Tonight Sunday' and 'Good Morning America' this morning that appeared to be from the Syrian border immediately after questions were raised about its accuracy," a network representative told the Washington Examiner. "ABC News regrets the error.”
Irvine Real Estate / Re: When would be next housing Bottom?
« Last post by zubs on Today at 09:26:38 AM »
If I was a current buyer, I would wait another 6 months to see what will happen.  It is more likely to go flat or down right now.

However, I want to warn people that I felt this way in 2012 when I bought my house...
I wanted to wait a bit longer to 2013 when prices would be EVEN LOWER!!.....but I was lucky the seller accepted my low ball offer.
Ha - I was in the same boat as you in 2012...very glad that I ended up sticking with my purchase at that time. 

Why did I think prices would stay flat or go even lower in 2013?....I think TI had something to do with it.  If you spend a lot of time on a bear forum, your expectations become twisted and TI was a huge bear forum back then.

However, calculated risk and USC told me the bottom was in, and that countered my bear indoctrination to at least get me out and looking at houses...and even making offers.  Plus we had already been hardcore bears since 2007....

We were 5 years into laughing about real estate, so how much longer could property values scrape along the bottom?
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