Author Topic: Examples of significant savings?  (Read 5587 times)

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Offline eyephone

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Re: Examples of significant savings?
« Reply #60 on: May 16, 2019, 09:36:38 AM »
If your statements are not backed up by facts and are not truthful. Then a person can say it’s propaganda. (Like really fake news/facts)

Offline irvinehomeowner

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Re: Examples of significant savings?
« Reply #61 on: May 16, 2019, 10:02:01 AM »
Yes I am right.

Chalk another W for me.

Just think the way you do and believe nothing happened. Forget what the New Home Comapny and Toll Brothers CEOs statements regarding housing.

If your statements are not backed up by facts and are not truthful. Then a person can say it’s propaganda. (Like really fake news/facts)

Anyone knows that's not how you determine actual discounts in real estate cycles.

You have to compare sold prices of similar models last year to sold prices this year... not listing/wish price to sold. That is fact not propaganda,

I am not saying nothing happened, I am determining what the extent is and if it's outside the normal ebbs/flows of real estate cycles. So far, a 5-10% drop from last year seems to be within the margin of error and I have yet to see data that proves otherwise. And if prices start going back up (like some charts indicate), that leans toward "seasonality".
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Offline eyephone

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Re: Examples of significant savings?
« Reply #62 on: May 16, 2019, 10:04:35 AM »
But you forgot to mentioned days on the market and and number of listings for sale. YOY

Offline irvinehomeowner

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Re: Examples of significant savings?
« Reply #63 on: May 16, 2019, 10:08:06 AM »
But you forgot to mentioned days on the market and and number of listings for sale. YOY

That's more like market conditions. which I agreed about.

Here, we are talking about price because the bottom line is you told people to wait to save money.

My contention when it comes to Irvine real estate, even with the worst market conditions, pricing is very stubborn and timing bargains to get maximum savings is very difficult.
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Offline eyephone

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Re: Examples of significant savings?
« Reply #64 on: May 16, 2019, 10:20:44 AM »
Also, you have to consider the Tariff Crisis with China or China economy slowdown. The buyers are not lining up to buy like before.

Also, the salt deduction. People were like buying homes for a big time or small time tax deduction. Some people might say like a legal tax shelter. (But not any more yo!)

Maybe the RE industry should of pushed back like big league. When they were discussing/debating Trump’s tax reform.


« Last Edit: May 16, 2019, 11:01:27 AM by eyephone »

Offline zubs

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Re: Examples of significant savings?
« Reply #65 on: May 16, 2019, 10:36:34 AM »
Everything about this economy looks bad and we are about to slide into some shit.
So people are holding their stock investment money in crappy 2.1% savings accounts and state government bonds waiting for the crash.

How will the FED kick these savings account people back into the stock market?  By lowering interest rates.


Offline momopi

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Re: Examples of significant savings?
« Reply #66 on: May 16, 2019, 11:10:27 AM »
Everything about this economy looks bad and we are about to slide into some shit.
So people are holding their stock investment money in crappy 2.1% savings accounts and state government bonds waiting for the crash.
How will the FED kick these savings account people back into the stock market?  By lowering interest rates.

6 month CD @ 2.45% today.  I buy CD ladder and some short term US treasury to stagger redemption dates over 6 month period.  The interest is low and tax inefficient.  I need to study triple tax free muni bonds & bond funds.

Offline Compressed-Village

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Re: Examples of significant savings?
« Reply #67 on: May 16, 2019, 11:29:21 AM »
Everything about this economy looks bad and we are about to slide into some shit.
So people are holding their stock investment money in crappy 2.1% savings accounts and state government bonds waiting for the crash.

How will the FED kick these savings account people back into the stock market?  By lowering interest rates.

People are anticipating the shit to hit the fan and have been playing defensively since last year. No one believe the tariffs will come to fruition and that both side US and China will work things out. And now the tariffs is in full affects. Because of the awareness and the heighten loud decibels level of worst things would happen when the two won’t resolves, it actually soften the blow. Looks at the market and housing, it looking better.

Unless, war breakout with foreign country, I mean military actions. Then all bets are off.

Offline irvinehomeowner

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Re: Examples of significant savings?
« Reply #68 on: May 16, 2019, 11:34:38 AM »
Also, you have to consider the Tariff Crisis with China or China economy slowdown. The buyers are not lining up to buy like before.

Also, the salt deduction. People were like buying homes for a big time or small time tax deduction. Some people might say like a legal tax shelter. (But not any more yo!)

Maybe the RE industry should of pushed back like big league. When they were discussing/debating Trump’s tax reform.

Yes, we know about all these things but as I've explained to kenkoko, it will take more than just limiting the buying power of Chinese FCBs to make a big mark in Irvine real estate, where they exit, others will enter... just like Cali companies (shout out to morekaos).

And the Fed will push where the RE industry can't, just like 10 years ago, the Fed knows the how important home prices are and will do things to prevent a free fall.
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Offline irvinehomeowner

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Re: Examples of significant savings?
« Reply #69 on: May 17, 2019, 02:27:56 PM »
If your statements are not backed up by facts and are not truthful. Then a person can say it’s propaganda. (Like really fake news/facts)


Here are facts from Redfin:

https://www.redfin.com/city/9361/CA/Irvine/housing-market

Quote
$879K Sale Price
+9.3% since last year
$477 Sale $/Sq. Ft.
+0.53% since last year
Under List Price 1.7%
Days on Market 51
Down Payment 24.7%
Total Homes Sold 233

From Trulia:

https://www.trulia.com/real_estate/Irvine-California/market-trends/

Quote
Irvine market trends indicate an increase of $18,000 (2%) in median home sales over the past year.

From Zillow:

https://www.zillow.com/irvine-ca/home-values/

Quote
The median home value in Irvine is $856,000. Irvine home values have gone up 0.4% over the past year and Zillow predicts they will fall -1.7% within the next year. The median list price per square foot in Irvine is $492, which is higher than the Los Angeles-Long Beach-Anaheim Metro average of $436. The median price of homes currently listed in Irvine is $999,000 while the median price of homes that sold is $810,700. The median rent price in Irvine is $3,500, which is higher than the Los Angeles-Long Beach-Anaheim Metro median of $3,200.

But who knows, maybe that's just a blip and prices are going back down... but that's not usually the case as we move into the summer.
Once you go 3-car garage... your junk can never go back.
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Offline irvinehomeowner

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Re: Examples of significant savings?
« Reply #70 on: May 23, 2019, 11:42:07 AM »
Did my “propaganda” silence the slowdowners?
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)

Offline Compressed-Village

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Re: Examples of significant savings?
« Reply #71 on: May 23, 2019, 12:17:01 PM »
Did my “propaganda” silence the slowdowners?

I think as long as housing continue to stabilize, from flat to 1-3 % yoy, then we will hear crickets.

Offline eyephone

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Re: Examples of significant savings?
« Reply #72 on: May 23, 2019, 12:38:53 PM »
Did my “propaganda” silence the slowdowners?

I think as long as housing continue to stabilize, from flat to 1-3 % yoy, then we will hear crickets.

IF the SALT deduction tax law is repealed then housing is going to pop. (No more legal tax shelter)

Offline Compressed-Village

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Re: Examples of significant savings?
« Reply #73 on: May 23, 2019, 12:53:47 PM »
Did my “propaganda” silence the slowdowners?

I think as long as housing continue to stabilize, from flat to 1-3 % yoy, then we will hear crickets.

IF the SALT deduction tax law is repealed then housing is going to pop. (No more legal tax shelter)

For rental properties, this has no effects. As a matter of facts, it actually boost the ease of rental deductions in my case.

Offline eyephone

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Re: Examples of significant savings?
« Reply #74 on: May 23, 2019, 01:20:38 PM »
Did my “propaganda” silence the slowdowners?

I think as long as housing continue to stabilize, from flat to 1-3 % yoy, then we will hear crickets.

IF the SALT deduction tax law is repealed then housing is going to pop. (No more legal tax shelter)

For rental properties, this has no effects. As a matter of facts, it actually boost the ease of rental deductions in my case.

But there’s less people who own rentals vs people who own homes as a primary residence.

Repeal and Replace the SALT deduction limitation. In my opinion the RE industry should take point on this. (be the lead) Which will drive more sales across the board.

Bring back the American Dream to own a home with the benefit of the tax deductions of course.
« Last Edit: May 23, 2019, 01:25:41 PM by eyephone »

 

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