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« Last post by mightybluff on Yesterday at 06:53:09 PM »
Interesting, the floor plans they put up for Daybreak at Solis by Pulte are identical to the models at Launch at Rise by Shea. Didn’t realize two different builders could build the exact same floorplans… anyone know when the waitlist starts for daybreak?
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wait a second. Zero listing in Woodbury, 1 listing each in Cypress Village and Stonegate? didn’t know Irvine RE is still this hot. I am at peace leaving Irvine, which I feel it is overrated more and more everyday.
As of 6pm on Saturday, Jan 15th there are 84 active listings in Irvine...4 in Cypress Village, 2 in Eastwood, 2 in Stonegate, and 0 in Woodbury.
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wait a second. Zero listing in Woodbury, 1 listing each in Cypress Village and Stonegate? didn’t know Irvine RE is still this hot. I am at peace leaving Irvine, which I feel it is overrated more and more everyday.
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« Last post by sleepy5136 on Yesterday at 04:34:59 PM »
@Compressed-Village - Truth.
@Irvinehomeseeker - your question is well beyond my pay grade. Never, ever, ever take financial advice from a lender. By the way... let me add this: NEVER.
@ All others: A good majority of Irvine and surrounding area inventory issues frankly stem from vast numbers of FCB who have invested for profit, not schools or personal safety. It's not illegal of course, but impactful nonetheless. All of the "see through" homes (those without window treatments) with front door stoops littered with drop off advertisements, those that remain dark after the sun sets - represent lost inventory. There are a few new build tracts just outside of Irvine with about 20% - possibly higher - of sold units in this condition.
Imagine how sales and price distortion might be impacted if at least among new builds there was a 10-15, perhaps 20% increase of available units?
Sorry that I lead this off topic in the thread. Perhaps it's time to open up the discussion elsewhere.
This is so true. FCB is dumping A LOT of money in real estate in Irvine and it's jacking up the prices there. I've looked at a lot of homes that closed in Irvine and a bunch are FCB. Pretty easy to know when you can't even find them on LinkedIn. Also, a lot of them are buying homes and putting it back in the market in 6months to one year time frame. So much for CCP restricting the amount of money outflows to the US.
25
« Last post by akula1488 on Yesterday at 02:28:37 PM »
Older Korean man tried to give his jacket to a homeless black man, got assaulted and robbed. Of course this is NYC. Black on Asian crime. https://abc7ny.com/homeless-assault-good-samaritan-midtown/11464264/
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« Last post by eyephone on Yesterday at 12:36:02 PM »
@Cares. Yeah, not a great floorplan for either place. It's location, location, location - and view in these two cases. On that second property someone made close to $1m in about 120 days though. Congrats to those folks.
@Compressed-Village - Having lived here in OC during the last Fed engineered "soft landing" there really isn't such a thing (as
I think you already know  ) https://www.investopedia.com/terms/s/softlanding.asp
These were the times (Soft Landing: 1994-1995) that OC was in bankruptcy, the LA/OC employment base was crushed, and home prices were free-falling. This next soft landing will more likely for the nation, not just here, be as difficult as the 1979-1981 Volcker Fed one, chocked full of unanticipated effects that wont look like the last crash (2007-2010). My advice: hedge accordingly.
What would be the best way to hedge in today's scenario, especially if you have bought or going to buy in today high price market?
If you bought the home as primary residence, then there's really nothing to do.
For me, I'm going to sell both my rental in Lake Elsinore (lease expires end of May) and my current home in Eastvale when I move into my new home in Irvine this June. I've already had the bad experience of owning the Lake Elsinore home for the past 15 years while it was under water all this time after moving to Eastvale. So I don't want to own real estate again other than the primary residence.
That is why some people own reits. Let other people be responsible for the tenants, repairs and maintenance. While you just sit back and collect.
27
@Compressed-Village - Truth.
@Irvinehomeseeker - your question is well beyond my pay grade. Never, ever, ever take financial advice from a lender. By the way... let me add this: NEVER.
@ All others: A good majority of Irvine and surrounding area inventory issues frankly stem from vast numbers of FCB who have invested for profit, not schools or personal safety. It's not illegal of course, but impactful nonetheless. All of the "see through" homes (those without window treatments) with front door stoops littered with drop off advertisements, those that remain dark after the sun sets - represent lost inventory. There are a few new build tracts just outside of Irvine with about 20% - possibly higher - of sold units in this condition.
Imagine how sales and price distortion might be impacted if at least among new builds there was a 10-15, perhaps 20% increase of available units?
Sorry that I lead this off topic in the thread. Perhaps it's time to open up the discussion elsewhere.
28
@Cares. Yeah, not a great floorplan for either place. It's location, location, location - and view in these two cases. On that second property someone made close to $1m in about 120 days though. Congrats to those folks.
@Compressed-Village - Having lived here in OC during the last Fed engineered "soft landing" there really isn't such a thing (as
I think you already know ) https://www.investopedia.com/terms/s/softlanding.asp
These were the times (Soft Landing: 1994-1995) that OC was in bankruptcy, the LA/OC employment base was crushed, and home prices were free-falling. This next soft landing will more likely for the nation, not just here, be as difficult as the 1979-1981 Volcker Fed one, chocked full of unanticipated effects that wont look like the last crash (2007-2010). My advice: hedge accordingly.
What would be the best way to hedge in today's scenario, especially if you have bought or going to buy in today high price market?
If you bought the home as primary residence, then there's really nothing to do.
For me, I'm going to sell both my rental in Lake Elsinore (lease expires end of May) and my current home in Eastvale when I move into my new home in Irvine this June. I've already had the bad experience of owning the Lake Elsinore home for the past 15 years while it was under water all this time after moving to Eastvale. So I don't want to own real estate again other than the primary residence.
Borrow on the long as low rate as you can https://www.jasonhartman.com/cw-936-fbf-inflation-induced-debt-destruction-as-an-investment-strategy/
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The problem isn't a lack of inventory, it's the huge buyer demand. The reason why there's so little inventory on the market is because as soon as new listings come onto the market they get 10+20+ and the home flies into escrow within days which means that there's not enough time for inventory to build up. I believe that part of the FOMO is definitely driven by the fear from further price increases as well as the fear of rates going up. I'm seeing this is every part of the market from the low end to the middle market to the high end.
30
« Last post by CalBears96 on Yesterday at 11:51:53 AM »
@Cares. Yeah, not a great floorplan for either place. It's location, location, location - and view in these two cases. On that second property someone made close to $1m in about 120 days though. Congrats to those folks.
@Compressed-Village - Having lived here in OC during the last Fed engineered "soft landing" there really isn't such a thing (as
I think you already know ) https://www.investopedia.com/terms/s/softlanding.asp
These were the times (Soft Landing: 1994-1995) that OC was in bankruptcy, the LA/OC employment base was crushed, and home prices were free-falling. This next soft landing will more likely for the nation, not just here, be as difficult as the 1979-1981 Volcker Fed one, chocked full of unanticipated effects that wont look like the last crash (2007-2010). My advice: hedge accordingly.
What would be the best way to hedge in today's scenario, especially if you have bought or going to buy in today high price market?
If you bought the home as primary residence, then there's really nothing to do. For me, I'm going to sell both my rental in Lake Elsinore (lease expires end of May) and my current home in Eastvale when I move into my new home in Irvine this June. I've already had the bad experience of owning the Lake Elsinore home for the past 15 years while it was under water all this time after moving to Eastvale. So I don't want to own real estate again other than the primary residence.
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