Author Topic: Serrano Summit | Lake Forest  (Read 26419 times)

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Offline Ready2Downsize

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Re: Serrano Summit | Lake Forest
« Reply #150 on: February 06, 2022, 10:39:32 AM »
When the market calms down, those people will hate themselves for buying those homes.  Everything sells in a hot market, even the steaming pile of crap homes.

Those who buy 3 story homes will hate themselves, imo.

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Offline USCTrojanCPA

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Re: Serrano Summit | Lake Forest
« Reply #151 on: February 06, 2022, 08:52:03 PM »
When the market calms down, those people will hate themselves for buying those homes.  Everything sells in a hot market, even the steaming pile of crap homes.

Those who buy 3 story homes will hate themselves, imo.

One of my clients got into contract on a Toll Evergreens home for around $1.9m.  They'll do way better than the people that buy those 3-level models.
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Offline Ready2Downsize

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Re: Serrano Summit | Lake Forest
« Reply #152 on: February 06, 2022, 09:01:36 PM »
When the market calms down, those people will hate themselves for buying those homes.  Everything sells in a hot market, even the steaming pile of crap homes.

Those who buy 3 story homes will hate themselves, imo.

One of my clients got into contract on a Toll Evergreens home for around $1.9m.  They'll do way better than the people that buy those 3-level models.

No matter what they pay, people who buy three story homes will live to regret it eventually.

Offline The California Court Company

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Re: Serrano Summit | Lake Forest
« Reply #153 on: February 06, 2022, 09:11:36 PM »
how come floor plans like Obsidian (3 story floor plans with private elevator) in Parasol park have not caught on?
"Should any Person come into contact with such fruit, soil or groundwater, such Person is advised to wash thoroughly with soap and water and seek immediate medical attention"-Augusta Disclosure, Tustin Legacy

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Offline CalBears96

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Re: Serrano Summit | Lake Forest
« Reply #154 on: February 06, 2022, 09:47:44 PM »
When the market calms down, those people will hate themselves for buying those homes.  Everything sells in a hot market, even the steaming pile of crap homes.

Those who buy 3 story homes will hate themselves, imo.

One of my clients got into contract on a Toll Evergreens home for around $1.9m.  They'll do way better than the people that buy those 3-level models.

TB's Evergreen is much much better than Amara, let alone the Soria homes.

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Offline sleepy5136

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Re: Serrano Summit | Lake Forest
« Reply #155 on: February 08, 2022, 05:00:21 PM »
Home site 24 (Plan 1A) / Lot Size 3,770 / White Cabinets / $1,807,990 / August 4th Move-In
Home site 25 (Plan 2CR) / Lot Size 4,223 /White Cabinets / $1,892,990 / August 5th Move-In
Home site 26 (Plan 3XB) / Lot Size 4,355 /White Cabinets / $2,057,990 / August 9th Move-In
Home site 92 (Plan 3B) / Lot Size 3,290 / White Cabinets / $1,624,990 / August 17th Move-In
Home site 91 (Plan 1AR) / Lot Size 3,290 / White Cabinets / $1,577,990 / August 18th  Move-In

Phase 12A release Thursday. Might be better buying these than Soria models. Amara is now hitting ~$600 sq/ft. Crazy times.

Offline CalBears96

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Re: Serrano Summit | Lake Forest
« Reply #156 on: February 08, 2022, 05:38:11 PM »
Home site 24 (Plan 1A) / Lot Size 3,770 / White Cabinets / $1,807,990 / August 4th Move-In
Home site 25 (Plan 2CR) / Lot Size 4,223 /White Cabinets / $1,892,990 / August 5th Move-In
Home site 26 (Plan 3XB) / Lot Size 4,355 /White Cabinets / $2,057,990 / August 9th Move-In
Home site 92 (Plan 3B) / Lot Size 3,290 / White Cabinets / $1,624,990 / August 17th Move-In
Home site 91 (Plan 1AR) / Lot Size 3,290 / White Cabinets / $1,577,990 / August 18th  Move-In

Phase 12A release Thursday. Might be better buying these than Soria models. Amara is now hitting ~$600 sq/ft. Crazy times.

Holy $hit! Seriously? Crazy times.  ;D

Offline Ready2Downsize

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Re: Serrano Summit | Lake Forest
« Reply #157 on: February 08, 2022, 05:59:18 PM »
Home site 24 (Plan 1A) / Lot Size 3,770 / White Cabinets / $1,807,990 / August 4th Move-In
Home site 25 (Plan 2CR) / Lot Size 4,223 /White Cabinets / $1,892,990 / August 5th Move-In
Home site 26 (Plan 3XB) / Lot Size 4,355 /White Cabinets / $2,057,990 / August 9th Move-In
Home site 92 (Plan 3B) / Lot Size 3,290 / White Cabinets / $1,624,990 / August 17th Move-In
Home site 91 (Plan 1AR) / Lot Size 3,290 / White Cabinets / $1,577,990 / August 18th  Move-In

Phase 12A release Thursday. Might be better buying these than Soria models. Amara is now hitting ~$600 sq/ft. Crazy times.

Holy $hit! Seriously? Crazy times.  ;D

Least it's only two stories. LOL!

Hopefully buyers at this price level are move up buyers that are getting more for their current property.

Offline Cares

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Re: Serrano Summit | Lake Forest
« Reply #158 on: February 08, 2022, 06:11:49 PM »
Home site 24 (Plan 1A) / Lot Size 3,770 / White Cabinets / $1,807,990 / August 4th Move-In
Home site 25 (Plan 2CR) / Lot Size 4,223 /White Cabinets / $1,892,990 / August 5th Move-In
Home site 26 (Plan 3XB) / Lot Size 4,355 /White Cabinets / $2,057,990 / August 9th Move-In
Home site 92 (Plan 3B) / Lot Size 3,290 / White Cabinets / $1,624,990 / August 17th Move-In
Home site 91 (Plan 1AR) / Lot Size 3,290 / White Cabinets / $1,577,990 / August 18th  Move-In

Phase 12A release Thursday. Might be better buying these than Soria models. Amara is now hitting ~$600 sq/ft. Crazy times.

Holy $hit! Seriously? Crazy times.  ;D

Least it's only two stories. LOL!

Hopefully buyers at this price level are move up buyers that are getting more for their current property.

I'm always itching to move up but I'm always stopped because why would I want to take on a bigger loan at a 1.5%+ higher interest rate and probably triple my current property taxes?

Offline Ready2Downsize

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Re: Serrano Summit | Lake Forest
« Reply #159 on: February 08, 2022, 06:18:55 PM »
Home site 24 (Plan 1A) / Lot Size 3,770 / White Cabinets / $1,807,990 / August 4th Move-In
Home site 25 (Plan 2CR) / Lot Size 4,223 /White Cabinets / $1,892,990 / August 5th Move-In
Home site 26 (Plan 3XB) / Lot Size 4,355 /White Cabinets / $2,057,990 / August 9th Move-In
Home site 92 (Plan 3B) / Lot Size 3,290 / White Cabinets / $1,624,990 / August 17th Move-In
Home site 91 (Plan 1AR) / Lot Size 3,290 / White Cabinets / $1,577,990 / August 18th  Move-In

Phase 12A release Thursday. Might be better buying these than Soria models. Amara is now hitting ~$600 sq/ft. Crazy times.

Holy $hit! Seriously? Crazy times.  ;D

Least it's only two stories. LOL!

Hopefully buyers at this price level are move up buyers that are getting more for their current property.

I'm always itching to move up but I'm always stopped because why would I want to take on a bigger loan at a 1.5%+ higher interest rate and probably triple my current property taxes?

EXACTLY why I think building more homes isn't going to help. People are going to refuse to sell what they got. So........ imo it's probably a good idea to buy as much as you think you'll need rather than thinking you'll move up again. Not going to be much to choose from.

Offline sleepy5136

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Re: Serrano Summit | Lake Forest
« Reply #160 on: February 08, 2022, 06:42:54 PM »
Home site 24 (Plan 1A) / Lot Size 3,770 / White Cabinets / $1,807,990 / August 4th Move-In
Home site 25 (Plan 2CR) / Lot Size 4,223 /White Cabinets / $1,892,990 / August 5th Move-In
Home site 26 (Plan 3XB) / Lot Size 4,355 /White Cabinets / $2,057,990 / August 9th Move-In
Home site 92 (Plan 3B) / Lot Size 3,290 / White Cabinets / $1,624,990 / August 17th Move-In
Home site 91 (Plan 1AR) / Lot Size 3,290 / White Cabinets / $1,577,990 / August 18th  Move-In

Phase 12A release Thursday. Might be better buying these than Soria models. Amara is now hitting ~$600 sq/ft. Crazy times.

Holy $hit! Seriously? Crazy times.  ;D

Least it's only two stories. LOL!

Hopefully buyers at this price level are move up buyers that are getting more for their current property.

I'm always itching to move up but I'm always stopped because why would I want to take on a bigger loan at a 1.5%+ higher interest rate and probably triple my current property taxes?
Unless the property tax increase laws change, more homes won't really help. I think NY has some crazy property tax increases where people that bought a long time ago are now seeing their taxes increase by 2x and sometimes 3x...

Offline The California Court Company

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Re: Serrano Summit | Lake Forest
« Reply #161 on: February 08, 2022, 06:45:46 PM »
Indeed it is positive feedback now. The rapid rise in house price and interest rate disincentivize both move up and also move down
"Should any Person come into contact with such fruit, soil or groundwater, such Person is advised to wash thoroughly with soap and water and seek immediate medical attention"-Augusta Disclosure, Tustin Legacy

"You'll probably be able to buy a 4BR detached home in Quail Hill for $150,000."-IndieDev

Offline Ready2Downsize

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Re: Serrano Summit | Lake Forest
« Reply #162 on: February 08, 2022, 08:03:32 PM »
Home site 24 (Plan 1A) / Lot Size 3,770 / White Cabinets / $1,807,990 / August 4th Move-In
Home site 25 (Plan 2CR) / Lot Size 4,223 /White Cabinets / $1,892,990 / August 5th Move-In
Home site 26 (Plan 3XB) / Lot Size 4,355 /White Cabinets / $2,057,990 / August 9th Move-In
Home site 92 (Plan 3B) / Lot Size 3,290 / White Cabinets / $1,624,990 / August 17th Move-In
Home site 91 (Plan 1AR) / Lot Size 3,290 / White Cabinets / $1,577,990 / August 18th  Move-In

Phase 12A release Thursday. Might be better buying these than Soria models. Amara is now hitting ~$600 sq/ft. Crazy times.

Holy $hit! Seriously? Crazy times.  ;D

Least it's only two stories. LOL!

Hopefully buyers at this price level are move up buyers that are getting more for their current property.

I'm always itching to move up but I'm always stopped because why would I want to take on a bigger loan at a 1.5%+ higher interest rate and probably triple my current property taxes?
Unless the property tax increase laws change, more homes won't really help. I think NY has some crazy property tax increases where people that bought a long time ago are now seeing their taxes increase by 2x and sometimes 3x...

That is how we got Prop 13. People were having to sell their houses because property taxes were going up so rapidly with the rise in home prices and  inflation roaring in the late 70's. (My In Law's house doubled in value between the time they bought it in 1970 and 1979). Should someone have to pay double property taxes just because other people sold some houses in the neighborhood and what if it doubles again? And hence prop 13.

Lots of states will be seeing property taxes go up due to the increase in home sale prices.

I believe in AZ, the county determines their budget and  houses are reassessed yearly. They divide the budget by the house assessed value and put in some multiplier to determine property taxes. (Several people tried to explain property taxes to me but the best I got was "it's complicated". LOL! From reading online it seems that is their system. Property taxes can go up or down but it seems to take into consideration more than home sales. In theory, having lots of new construction with higher values should help the general area taxes even if they go up because there is a larger base to collect from as long as infrastructure costs are not astronomical. Seems to be a good method to hold them in check. The worst seems to be a system like Cali used to have. You can get a big huge bill you weren't expecting just because some neighbors sold their houses. People who are fixed incomes, house rich, cash poor can be devasted with that.
« Last Edit: February 08, 2022, 08:16:45 PM by Ready2Downsize »

Offline zubs

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Re: Serrano Summit | Lake Forest
« Reply #163 on: February 09, 2022, 11:56:38 AM »
Prop 15 (2020 election) which was going to start taxing commercial and industrial properties based on market value barely lost @ 48 to 52%








Offline linus

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Re: Serrano Summit | Lake Forest
« Reply #164 on: August 05, 2022, 10:18:00 PM »

 

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