Author Topic: 2018 Housing Prices, what are the indications?  (Read 24965 times)

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Offline Liar Loan

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Re: 2018 Housing Prices, what are the indications?
« Reply #15 on: January 15, 2018, 05:25:58 PM »
Irvine is a brand? Perhaps in China. What a fucking joke. What circles do you run in that people would be impressed by telling them you live in irvine? There are tons of people with money outside of irvine. In every Orange County city.

Yeah, completely agree.  Irvine is kind of like driving a Volvo, more expensive and safe, but not impressive.  I'm sure some people that drive Volvo's think they are ballers too.

Offline someguy

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Re: 2018 Housing Prices, what are the indications?
« Reply #16 on: January 15, 2018, 05:27:11 PM »
Irvine is a brand? Perhaps in China.

Yep.  The Irvine Company advertises in China.  Any significant reduction to the inflow of Chinese money to Irvine will put a damper on new construction sales/prices in Irvine.

What's the general consensus on pricing after Irvine is completely tapped out on vacant land for new construction (5-7 years from now?) ?

No idea on future prices, but I bet when Irvine is fully built out is that 10 minute commute from 7 years ago that is now 20 minutes will be 40 minutes.
« Last Edit: January 15, 2018, 05:34:37 PM by someguy »

Offline someguy

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Re: 2018 Housing Prices, what are the indications?
« Reply #17 on: January 15, 2018, 05:29:37 PM »
Irvine is kind of like driving a Volvo, more expensive and safe, but not impressive.

Yah, locals know this, but foreigners don't.  They are all about that Irvine brand.

Offline i1

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Re: 2018 Housing Prices, what are the indications?
« Reply #18 on: January 15, 2018, 05:30:12 PM »
Irvine is a brand? Perhaps in China. What a fucking joke. What circles do you run in that people would be impressed by telling them you live in irvine? There are tons of people with money outside of irvine. In every Orange County city.
+1
If it’s a brand it’s a mass market one like Michael Kors or Coach. Brands might be places like La Canada or San Marino or Newport Coast.

Offline Liar Loan

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Re: 2018 Housing Prices, what are the indications?
« Reply #19 on: January 15, 2018, 05:40:15 PM »
Yep.  The Irvine Company advertises in China.  Any significant reduction to the inflow of Chinese money to Irvine will put a damper on new construction sales/prices in Irvine.

This is actually a great point.  Once the new construction is built out in 5-7 years and those advertising dollars come to an end, will FCB's continue buying in the Irvine market or will they move on to the next city being marketed to them?

Offline Rizdak

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Re: 2018 Housing Prices, what are the indications?
« Reply #20 on: January 15, 2018, 06:00:17 PM »
Irvine is a brand now. It's the iPhone X. It's the BMW. It's the red bottoms. It's the A5 grade Japanese Black Wagyu.

Lol, I am pretty sure the people in Newport Beach and Laguna Beach don't think of your Eastwood Village condo as an iPhone X. More like a shiny gold plated Motorola RAZR.

Offline Rizdak

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Re: 2018 Housing Prices, what are the indications?
« Reply #21 on: January 15, 2018, 06:01:57 PM »
😀

Offline Soylent Green Is People

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Re: 2018 Housing Prices, what are the indications?
« Reply #22 on: January 15, 2018, 06:21:21 PM »
Population growth in those areas has been limited by housing stock. Only Lake Forest has seen similar growth because of Baker Ranch. Rapid growth does not equal sustainable velocity in any way, shape, or form. At some point the pace levels out as everything gets built out to completion.

Sticking to the thread subject - anyone relying on Zillow for their real estate data should seriously consider other resources for their information. 1.2% isn't even the rate of inflation (not that we would or would not see pricing rise to equal inflation rate). That number is equal in challenge as predicting the sun coming up tomorrow AM. It's noise, not data.

My .02c

SGIP

Offline fortune11

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Re: 2018 Housing Prices, what are the indications?
« Reply #23 on: January 15, 2018, 07:52:03 PM »
Irvine has achieved critical mass - i.e. hard to replicate environment of great schools, great food options, beach proximity and relatively recent cohort of homes.  I dont think FCB interest will wane anytime soon.

There were many people who were shocked when Toll began selling homes at 2-3mm, now the resales in those areas are 4+ mm.  Yes, this is still Irvine we are talking about not Newport Coast. 

And as to 1.2% that sounds overly scientific .  why not 1.1% or 1.4 %.  It just a number some housing tech's regression chart cooked up.   

more believable had it been a range.  IMO , if the economy really heats up , I think we could see double digits gains even from here before things enter a plateau or mild correction

It has all to do with wage growth and job security confidence  (ease of quitting your current job and finding a new one) - that is the last leg in an expansion .  everything has to line up perfectly before the hiring and wage boom happens which may be the case now in 2018.  we will see .


Offline irvinehomeowner

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Re: 2018 Housing Prices, what are the indications?
« Reply #24 on: January 16, 2018, 07:36:18 AM »
Irvine is a brand now. It's the iPhone X. It's the BMW. It's the red bottoms. It's the A5 grade Japanese Black Wagyu.

Can we all get new haircuts so people know we're from Irvine?



You just have to zoom in:

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Offline irvinehomeowner

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Re: 2018 Housing Prices, what are the indications?
« Reply #25 on: January 16, 2018, 07:39:59 AM »
Irvine is a brand? Perhaps in China. What a fucking joke. What circles do you run in that people would be impressed by telling them you live in irvine? There are tons of people with money outside of irvine. In every Orange County city. 

Of course it's a brand.

Irvine is like Toyota, Newport is like Mercedes and Tustin is Hyundai.

Don't be mad because you live in a Sonata. :)
Once you go 3-car garage... your junk can never go back.
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Offline Liar Loan

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Re: 2018 Housing Prices, what are the indications?
« Reply #26 on: January 16, 2018, 09:26:01 AM »
Irvine is a brand? Perhaps in China. What a fucking joke. What circles do you run in that people would be impressed by telling them you live in irvine? There are tons of people with money outside of irvine. In every Orange County city. 

Of course it's a brand.

Irvine is like Toyota, Newport is like Mercedes and Tustin is Hyundai.

Don't be mad because you live in a Sonata. :)

I suppose Huntington Beach is a raised truck then.

Offline qwerty

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Re: 2018 Housing Prices, what are the indications?
« Reply #27 on: January 16, 2018, 09:58:10 AM »
Lol - as if a Toyota was better than a Hyundai.

Just let me know when you want to swing by and look at my 3 car garage :-)

Offline irvinehomeowner

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Re: 2018 Housing Prices, what are the indications?
« Reply #28 on: January 16, 2018, 09:58:51 AM »
Irvine is a brand? Perhaps in China. What a fucking joke. What circles do you run in that people would be impressed by telling them you live in irvine? There are tons of people with money outside of irvine. In every Orange County city. 

Of course it's a brand.

Irvine is like Toyota, Newport is like Mercedes and Tustin is Hyundai.

Don't be mad because you live in a Sonata. :)

I suppose Huntington Beach is a raised truck then.

I think that's Riverside County.

HB is more like a muscle car... Mustang... convertible for the beach. :)
Once you go 3-car garage... your junk can never go back.
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Offline irvinehomeowner

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Re: 2018 Housing Prices, what are the indications?
« Reply #29 on: January 16, 2018, 10:02:01 AM »
Lol - as if a Toyota was better than a Hyundai.
They are close, like Irvine and Tustin... but Irvine has better brand awareness and more on the road like Toyota.

Quote
Just let me know when you want to swing by and look at my 3 car garage :-)

If that's a euphemism for your "bat"... pass.

Real 3CGW are in the front.... and have a driveway.

#BOOM
Once you go 3-car garage... your junk can never go back.
3CWG: 3-Car Wide Garage
FCB: Foreign Cash Buyer
I recommend:
www.irvinerealtorsite.com
member: Soylent Green Is People (loans/refis)

 

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