Author Topic: TayMo bids war  (Read 3649 times)

0 Members and 1 Guest are viewing this topic.

Offline fatduck

  • Yearning for 949 / 714
  • **
  • Thanks
  • -Given: 0
  • -Received: 18
  • Posts: 171
Re: TayMo bids war
« Reply #15 on: September 04, 2021, 06:38:49 AM »
Ford doesn't have a finite number of cars it can make

Offline Cares

  • Real Estate Broker & Mortgage Loan Originator
  • Certified Irvine Addict
  • ****
  • Thanks
  • -Given: 12
  • -Received: 231
  • Posts: 1199
Re: TayMo bids war
« Reply #16 on: September 04, 2021, 08:04:38 AM »
Actually new items can get bid up on Ebay way over listing/MSRP if the new item is popular with high demand. Like when Nintendo Wii first came out etc.
I guess at the end it still supply and demand and we are not used to see bidding war for new constructions but the same goes for waiving all contingencies like inspection for resale. Just not a normal time for real estate.

It goes both ways. If you are selling your house won't you do the same if there are multiple offers? It is quite fair.

Only shady thing the builder can do is to increase price after under contract or cancel you but legally they can do that from the contract.

Sure I can definitely understand that argument, but it's a bit apples/oranges. I could buy something second hand on ebay in an auction, or I can buy it brand new. I'm already paying the premium for the brand new product, and the whole point is that I'm buying something at a predictable advertised price point. And yea I get that if demand is higher than supply the price will come up, we see that all the time with new playstations and cars sometimes, but no I don't think bidding wars for a new product like a house is normal or the same as a resale situation, and we as consumers should not accept it as such

I think an apples to apples situation would be game console manufacturers . Ebay is not the manufacturer of their products like the builder is of their homes they sale. Last time I checked, Sony does not put their consoles into the market and cause a bidding war for them.

Nintendo definitely artificially controls supply causing demand and price surges. Business schools use Nintendo as a case study.

Offline sleepy5136

  • Yearning for 949 / 714
  • **
  • Thanks
  • -Given: 4
  • -Received: 34
  • Posts: 387
Re: TayMo bids war
« Reply #17 on: September 04, 2021, 04:02:48 PM »
Actually new items can get bid up on Ebay way over listing/MSRP if the new item is popular with high demand. Like when Nintendo Wii first came out etc.
I guess at the end it still supply and demand and we are not used to see bidding war for new constructions but the same goes for waiving all contingencies like inspection for resale. Just not a normal time for real estate.

It goes both ways. If you are selling your house won't you do the same if there are multiple offers? It is quite fair.

Only shady thing the builder can do is to increase price after under contract or cancel you but legally they can do that from the contract.

Sure I can definitely understand that argument, but it's a bit apples/oranges. I could buy something second hand on ebay in an auction, or I can buy it brand new. I'm already paying the premium for the brand new product, and the whole point is that I'm buying something at a predictable advertised price point. And yea I get that if demand is higher than supply the price will come up, we see that all the time with new playstations and cars sometimes, but no I don't think bidding wars for a new product like a house is normal or the same as a resale situation, and we as consumers should not accept it as such

I think an apples to apples situation would be game console manufacturers . Ebay is not the manufacturer of their products like the builder is of their homes they sale. Last time I checked, Sony does not put their consoles into the market and cause a bidding war for them.

Nintendo definitely artificially controls supply causing demand and price surges. Business schools use Nintendo as a case study.
But will Nintendo release their products to market and ask buyers to bid up? Or do they sell whatever is in stock for the price they ask for?

Offline Goriot

  • O.C. Resident
  • ***
  • Thanks
  • -Given: 121
  • -Received: 105
  • Posts: 672
Re: TayMo bids war
« Reply #18 on: September 08, 2021, 08:50:23 PM »
Palermo increasing their prices significantly.  Plan 1 starts at $1.76 million now and Plan 3 at $1.91 million.  This is bare bone base price.  Thank you Ravello.
More pain for buyers coming!

Latest auction must have been hot.  Price raised again to $1.83 million for Plan 1 and $2 million for the Plan 3.

Offline trematix

  • Yearning for 949 / 714
  • **
  • Thanks
  • -Given: 6
  • -Received: 2
  • Posts: 125
Re: TayMo bids war
« Reply #19 on: September 09, 2021, 12:02:52 AM »
Palermo increasing their prices significantly.  Plan 1 starts at $1.76 million now and Plan 3 at $1.91 million.  This is bare bone base price.  Thank you Ravello.
More pain for buyers coming!

Latest auction must have been hot.  Price raised again to $1.83 million for Plan 1 and $2 million for the Plan 3.

Wow, they are some tiny lots.

Offline Davidlee199

  • Newbie
  • Thanks
  • -Given: 0
  • -Received: 0
  • Posts: 8
Re: TayMo bids war
« Reply #20 on: September 17, 2021, 11:28:08 PM »
Realtors kept saying prices are going up but they are NOT buying at this moment LOL….

Offline USCTrojanCPA

  • Your CPA Realtor
  • Certified Irvine Addict
  • ****
  • Thanks
  • -Given: 2611
  • -Received: 2104
  • Posts: 10311
  • Gender: Male
Re: TayMo bids war
« Reply #21 on: September 18, 2021, 02:49:07 PM »
Realtors kept saying prices are going up but they are NOT buying at this moment LOL….

I'm looking to buy, I've made offers on 3 homes and got outbid. And yes, prices will continue to go up until we get way more inventory.
Martin Mania, CPA
AgencyOne
CA BRE License # 01799007
CA CPA License # 107675
mmania001@yahoo.com
714-747-3884 cell

Often imitated....Never duplicated!
Have license, will travel!

Offline wonderboy

  • Tourist
  • *
  • Thanks
  • -Given: 0
  • -Received: 0
  • Posts: 10
Re: TayMo bids war
« Reply #22 on: September 27, 2021, 05:48:25 PM »
Saw a price drop on these via Redfin - anyone know what's going on?

I assume being on Redfin, these are available for purchase immediately?

What's causing these to not have the same level of demand as Shea Cetara or IP Ravello, both also in OH Groves?
« Last Edit: September 27, 2021, 06:11:32 PM by wonderboy »

Offline trematix

  • Yearning for 949 / 714
  • **
  • Thanks
  • -Given: 6
  • -Received: 2
  • Posts: 125
Re: TayMo bids war
« Reply #23 on: September 27, 2021, 06:54:47 PM »
Saw a price drop on these via Redfin - anyone know what's going on?

I assume being on Redfin, these are available for purchase immediately?

What's causing these to not have the same level of demand as Shea Cetara or IP Ravello, both also in OH Groves?

I wouldn’t say Ravello has a huge demand, they aren’t exactly flying off the shelf. Cetara on the other hand, different story

 

Talk Irvine Links

[Recent Posts]
[FAQ / Rules]

Site Supporters


Recent Posts

Re: Funny things Joe says... by morekaos
[Today at 04:38:37 PM]


Re: Funny things Joe says... by CalBears96
[Today at 04:37:24 PM]


Re: Funny things Joe says... by morekaos
[Today at 04:37:05 PM]


Re: Funny things Joe says... by CalBears96
[Today at 04:32:51 PM]


Re: Funny things Joe says... by morekaos
[Today at 04:14:51 PM]

SimplePortal 2.3.7 © 2008-2021, SimplePortal