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91
O.C. Real Estate / Re: The Landing Tustin Legacy (Brookfield Residential)
« Last post by test on Yesterday at 11:28:28 AM »
CIRA Phase 5 pricing has been out and it is not increased as much we were expecting. Looks like landing is slowing down as well.

Same thing happened during the last housing bubble here with the Villages of Columbus.  Opened with sky high prices then halfway through they started panic slashing prices, up to 30% off.
92
General Real Estate and Mortgage Talk / Homebuilders Gone Wild
« Last post by Liar Loan on Yesterday at 11:27:04 AM »
A Pennsylvania home builder goes crazy when woman asks for her $130k deposit back.  (Warning: graphic violence)

93
so rent demand goes up, landlord will; raise the price; purchasing demand goes down, forcing sellers to lower the price, until we reach equilibrium. econ 101.
94
O.C. Real Estate / Re: The Landing Tustin Legacy (Brookfield Residential)
« Last post by test on Yesterday at 11:25:27 AM »
Does anyone know when the public will be allowed to go in there? If you drive in right now, it's like a border check in point. THe guard was not very helpful or kind either.

I was going to ask the same, are there no models?  People are buying these without seeing them?
95
General Real Estate and Mortgage Talk / Re: Arizona Real Estate (Bubble)
« Last post by Liar Loan on Yesterday at 11:20:37 AM »
This is a nationwide analysis, but it especially applies to Sunbelt markets like Arizona.  What happens when investor demand dries up?

96
General Real Estate and Mortgage Talk / Re: Housing Analysis
« Last post by Liar Loan on Yesterday at 11:18:01 AM »
The price-to-rent ratio has never been so high.  It was somewhat defensible when interest rates were at 5,000 year lows, but now, not so much.

97
It's not just an Irvine phenomenon:

John Burns RE Consulting: Demand Shifting from Owning to Renting

High home prices and rapidly rising mortgage rates have created a rosy backdrop for the rental sector, with many prospective home buyers now priced out of homeownership or forced to purchase a smaller home in a less desirable area.

A little over a year ago, the monthly cost of owning (as we calculate it*) and renting were virtually identical. Now, owning a home costs $839 more per month than renting. This differential is almost $200 higher than at any time since the turn of the century.

(Scroll to the right on the graphic to see how things compare now to the prior peak in 2006.)




https://www.realestateconsulting.com/demand-shifting-from-owning-to-renting/
98
O.C. Real Estate / Re: The Landing Tustin Legacy (Brookfield Residential)
« Last post by chamki222 on Yesterday at 10:44:50 AM »
CIRA Phase 5 pricing has been out and it is not increased as much we were expecting. Looks like landing is slowing down as well.
99
Technology / Re: EV/Plug-in/Other vehicles
« Last post by marmott on Yesterday at 10:16:13 AM »
I don't understand how you can expect all traditional manufacturers to give up on their EV plans knowing it's their only way to survive past 10 to 15 years. They are not just going to close shop.

Not sure what was decided in the US but in Europe past 2035 all cars will need to be zero emission. They don't have a choice.
100
Owner's Issues / Re: Tesla Solar Panels Price Cut
« Last post by marmott on Yesterday at 09:51:02 AM »
https://arstechnica.com/science/2022/06/tesla-cleverly-bundling-its-battery-users-to-reduce-grid-demand/

Tesla Solar launches a virtual power plant program where PW owners can export energy stored on their batteries during periods of high demand and get paid $2/kwh.

I don't think it will dramatically change the math behind adding batteries but I'm curious to see how much much of a relief it could provide to the grid.
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