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« Last post by zubs on January 17, 2021, 10:08:25 AM »
I just got my parents vaccine appointment at Disneyland last night.
Othena.com opens their registration at 8PM every night and it is filled by 8:08....so you only have a few minutes right at 8pm to sign in and pick a time.
They close the registration around 8:30pm. I have experienced trying to get an appoinment for 2 nights in a row now.
I hear it's 3,000 people every time they open up the registration. So in 8 minutes 3,000 people fill those spots.
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« Last post by Cares on January 16, 2021, 09:16:20 PM »
I am a mortgage broker and I have helped buyers close on new construction purchases. Happy to talk to you about your purchase if you're interest.
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Hello - I have purchased a new home in Portola and closing in about 2 months away. The home is an attached condo with 2b/2.5b and will be an investment property.
As rates are low, I have been doing some rate shopping and a couple of lenders (one is Better) have offered really competitive rate.
My question is - Does anyone have experience on closing a new attached condo with the builder in Irvine using a lending company like Better? I understand closing for a new condo will require additional documents/process such as condo questionnaire, etc. which I am unsure if the non-preferred lenders will be able to get access to and complete.
Any guidance or inputs are truly appreciated.
I have personally refinanced my primary residence with Better and the experience was flawless.
Best.
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« Last post by USCTrojanCPA on January 16, 2021, 05:03:38 PM »
I was wrong in 2018 when we were talking about the housing collapse coming in 2021. I predicted a flat to 10% max decline, but instead, we got a what? 10% increase from 2018 to 2021?
Anyway, mety, eyephone, kenkoko thought it would go lower. They were a little bit right for about 6 months @ the end of 2018.
If you had listened to IHO and bought your dream house in 2018 when people thought it may go lower, you would be in a better position today.
Yes, I surely thought the price would go down since it was going up too fast 2017-2018. It did go down and it did have a little bit of pause in the market from 2018-2019. But it picked up again with the surprising low interest rates pretty fast. Although I admit I was wrong, I still think buying in 2019 was a better buying time than 2018.
Why do you say you were wrong? if you bought in 2019 it was actually a great time to buy. Housing prices appear to be closely tied to interest rates. In 2019 however we saw prices actually fall a bit along with low rates.
Actually prices rebounded in early 2019 from the low point in late 2018 as interest rates came down from 5% into the mid 3% by Jan/Feb 2019. The 3-5% price decline that we saw in Irvine started in the late summer/early fall when rates started moving up and inventory strated to build but then the declines stopped by the end of 2018 as we ended the year below 4% on the 30-year fixed rate mortgage. The low end of the market was the first one to stall and then recover. Remember, inventory levels are a future indicator of where prices are going.
Sorry I dont recall pricing rebounding early 2019. Seems like the charts also didnt see it either.
https://www.redfin.com/city/9361/CA/Irvine/housing-market
https://www.zillow.com/irvine-ca/home-values/
https://www.movoto.com/irvine-ca/market-trends
https://www.realtor.com/realestateandhomes-search/Irvine_CA/overview
Prices started rebounding in 1Q 2019 for the properties that my clients were buying and selling (mostly all lower and middle-market). The higher-end was still sucking wind back then and that's what dragged down the averages down because you had a huge amount of high-end inventory (something like 8+ months of inventory). Those charts don't tell the full story.
No offense, but I would argue that these charts which encompasses every sale in Irvine tells more of a complete story than the dozen or two transactions of one realtor.
No offense taken, charts are one piece of the data puzzle and are more a macro view of the market while what I see with my buyers and listings along with tracking Irvine MLS activity are a micro view of the market. I also break up the market into 3 cuts....lower end (sub $900k), middle-market ($900k to $1.4ish), and higher-end ($1.5m+)...each market is different. Regardless, increasing rates that touched 5% slowed the market down and then when rates turned back down in 2019 the market began to pick up again (more so on the lower end).
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« Last post by USCTrojanCPA on January 16, 2021, 04:55:33 PM »
Out of curiosity when did they pre-qual? Trying to gauge how far down the list they got given I just did it right before new years...
I believe within a day or two of the grand opening.
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Out of curiosity when did they pre-qual? Trying to gauge how far down the list they got given I just did it right before new years...
The last calls are to people who registered around day models opened.
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« Last post by scubasteve on January 16, 2021, 04:44:32 PM »
Out of curiosity when did they pre-qual? Trying to gauge how far down the list they got given I just did it right before new years...
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« Last post by StarmanMBA on January 16, 2021, 04:42:14 PM »
PANIC
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« Last post by USCTrojanCPA on January 16, 2021, 04:37:15 PM »
One of my clients got a call for the Plan 1 view lot and passed because they don't like the plan and price.
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Brand new out of inventory could be $28k. Pre-owned is $19-20. I'd rather have a more expensive car (better features) at a lower price instead of a low price new car without many of the premiums. The savings is imputed.
15-20k miles is really nothing. I prefer to have a car that's broken in. Glad to have the seller ensure most items are fixed by the dealer before re-selling.
My .02c
I'm not totally inflexible. Been looking at some used Rogues (the trim level that has the Around View camera) and I found a 2018 model that looks pretty good for less than $20k. Now I have to figure out which trim Toyota/Honda SUVs have the 360 camera and see if I can find a used one under $20k... it's a bit harder doing research on used models because you can't use the brand site to look for features.
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