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91
Education / Re: How Portola High compares to Uni or NHS
« Last post by theOCrealtor on October 14, 2021, 01:14:23 PM »
They're all top schools that will likely have little impact on whether students get accepted into college. I know teachers at Portola and NHS that I had as a student (I went to IHS) or worked with briefly as a teacher at NHS. They all collaborate together on the newest and best practices and I've never seen people so passionate about their work.  All I can say is that your children are blessed with the best.
92
Education / Re: APAAS - worth it?
« Last post by theOCrealtor on October 14, 2021, 01:09:40 PM »
I did APAAS for 2 years and then the typical track for 1 so I have a unique perspective. Overall, I think it is worth it. The biggest benefit is the advanced level. I'm trying to remember correctly but I believe my friends were doing algebra in 6th grade. In middle school, some students were bussed to Irvine High School to take geometry (typically, geometry is taken in sophomore year). Some of those kids are still my closest friends today, and they are some smart cookies.
93
Page 8 of 35 of PDF shows Irvine increased less %-wise year over year (3-4% less), but the median home price in Irvine is much higher.

You’re taking one data set instead of combining multiple data sets. Stanton is mid $600K median home price.  Even if Stanton rose 3% more than Irvine it’s meaningless.

Huntington Beach and Fountain Valley are similarly priced and still exceed Irvine by 3-4%.  D'oh!

So you went from crashes hard in Irvine over 40% is what you wrote and suggesting owners to sell even as far back as a year ago, to now saying it lag other city in percentage increase? Nice comparison bro, try to buy a home now and see if you can afford it.

This shred any credibility you have. I don't rely on any charts, I see it, live it and breath it everyday. And look at over sea Chinese buyers are not pouring in money and hey its up more than eva....What do you say to that? Man, we don't hate where you live, why you hate where we live?

Even USC's chart shows you are wrong and he lives and breathes Irvine real estate more than you do.  Irvine was in a 3-year decline and funk until the Covid QE began.  Easy money is the only thing keeping you alive, and even with that injection of housing meth, Irvine is barely hanging on.  It still trails all the other cities listed AND none of them have Chinese buyers either!

There's no way he's touching my miss cleo crown.

Miss Cleo was a genius and I don't claim to be as smart as her.  Years ago I had a roommate that called Miss Cleo and ran our phone bill up by $240 (in early 2000's money).  It was pure stupidity of her to call, but once she was on the call, Miss Cleo found a way to keep her talking and not hanging up for as long as possible.  Now multiply that scam by tens of thousands of calls and Miss Cleo was making some serious bank!

I have the ability to entertaining opposing ideas, but I would not buy in Anaheim, Santa Ana, Stanton, Huntington Beach, Garden Grove, Orange, and Fountain Valley simply because the total percentage rate of increase is higher than Irvine.

If that is the only reason for you to buy any city vs Irvine, then by all mean there is hell lot of other cheaper more affordable places that you can buy beside those listed.

Irvine is losing to all those other cities you look down on.  How sad is that?

One thing that Irvine has against it is the law of large numbers.  Sure, some lower cost OC cities may show a higher % gain than Irvine but in absolute dollars Irvine is performing at the top of the list of cities in OC.  The competition in Irvine is brutal, pretty much every home that I make an offer on gets 5-20+ offers (I don't see as many offers on homes outside of Irvine). 

Yes, and Huntington Beach & Fountain Valley also have this same problem but have found a way to outperform Irvine by 3-4%. Haha... 

Number of offers is simply anecdotal and will highly depend on your listing strategy, as all sellers of real estate know.  What matters for determining the strength of a market is number of sales and purchase price.

One thing that I do tell my Irvine buyers is that if Irvine had no new home inventory (call it today's shadow inventory because those homes never hits the MLS for the most part), prices would be have been up another 5-10%.  Irvine builders are selling their homes as soon as they release them.  I've mentioned it before, Covid pushed up the demand for larger lot SFR homes more than any other type of property and you typically see those types of homes in areas outside of Irvine.  R2D also made a great point that these old OC communities have many more single story homes as a % than Irvine because no single story homes are being built in Irvine today which is also increasing in demand as the population continues to age. 
94
Economy & Finance / Re: INFLATION IS OUR FRIEND
« Last post by morekaos on October 14, 2021, 12:37:01 PM »
They ran out of gas in UK stations. There is a global energy crisis. I thought he is a financial expert.

Saw this coming a mile away (Biden just couldn't help themselves)  took full advantage.  Money, money, money!
95
Economy & Finance / Re: INFLATION IS OUR FRIEND
« Last post by eyephone on October 14, 2021, 12:25:51 PM »
They ran out of gas in UK stations. There is a global energy crisis. I thought he is a financial expert.
96
Economy & Finance / Re: INFLATION IS OUR FRIEND
« Last post by eyephone on October 14, 2021, 12:24:13 PM »
but many people take public transportation in NYC
97
Economy & Finance / Re: INFLATION IS OUR FRIEND
« Last post by morekaos on October 14, 2021, 12:06:48 PM »
A year ago I was paying $2.90 for a gallon of gas = $6.00 a gallon gas...fact or just my opinion.  Numbers...just numbers.

Except gas now is about $4.00. Stop lying.

Also, what does that have to do with anything? A year ago, demand was less because fewer people were driving. I mean, seriously. Stop using misinformation.

You were saying?.... ;D ;D >:D
Gas prices hit $5 in Manhattan

NEW YORK - Gas prices are on the rise and they have hit nearly $5 for regular and are now about $5.40 a gallon for supreme in Manhattan.

A Mobil station on 11th Ave. on the West Side had the eye-popping prices on Monday evening.

https://www.fox5ny.com/news/gas-prices-hit-5-in-manhattan
98
"Yes, and Huntington Beach & Fountain Valley also have this same problem but have found a way to outperform Irvine by 3-4%. Haha... 

Number of offers is simply anecdotal and will highly depend on your listing strategy, as all sellers of real estate know.  What matters for determining the strength of a market is number of sales and purchase price."

My mom's house was in FV. When she died I wanted to keep her completely paid off, no HOA, $700 per YEAR property taxes but was outvoted by my sisters so it was sold. I watch that area alot and having lived there know about the area.

The homes are old. (My moms was one of the first neighborhoods and is now 57 years old). The houses in her neighborhood were solidly built and many of them have been redone (removing one wall between the kitchen and dining room gives you a new big open kitchen, new appliances, granite counters and nook instead of the old kitchen with separate dining room). The bedrooms are good sized. Easy to build up OR extend the home as the lots are big enough to add onto. In fact most of the older homes are over 7200 sq feet single story homes. 7200 sq feet is the minimum the city requires for granny flats (even before recent legislation).

Old people want single stories. This area has plenty of them. No HOA, No Mello. Decent schools. Near the 405.

You can buy in Westminster or Anaheim but the lots are smaller, harder to add onto and the schools are not as good.

That is why FV homes remain desirable. It's the lower overall monthly $$$.



99
Economy & Finance / Re: I-Bonds...a great place for idle cash
« Last post by ChiKid24 on October 14, 2021, 11:41:06 AM »
How do I buy them? Just fire up robinhood or TDAmeritrade?

Unfortunately they can only be purchased at Treasury Direct. The website is clunky and takes some time. Would suggest starting the process if you are interested. See the link I included on original post
100
Economy & Finance / Re: I-Bonds...a great place for idle cash
« Last post by ChiKid24 on October 14, 2021, 11:39:24 AM »
I Bonds going to be 7%+ coming this November. If you haven't purchased your $10k this year I suggest waiting until November to purchase and then purchase another $10k in January.

You can purchase $10k per spouse and also another $10k in a trust account.

I'd actually suggest its better to purchase now than waiting until November. The hold period is a minimum of 1-year.  Purchasing now gets you 3.54% for the 1st six months then you get the 7.12% for the next six months. If you wait, you'll get 7.12% the first six months, then whatever the next reset rate is in May for the next six months. If you think that will be higher than 3.54% then I suppose waiting until November makes sense. I'd rather lock in the 3.54% now given it's a better return than any savings account and I'd still get the 7.12% in six months.
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