irvinehomeowner
Well-known member
So what is going on here? Stuff that sold in the last two years is being listed for $100k+ or more?
Does Larry have to make a return to the IHB to tell everyone we are in Bubble 2.0?
Or do we hope for the banks to release the Kraken and get all that shadow inventory on the market?
It was very easy to say we were bubbling when there was so much inventory, new home tracts and higher interest rates... but is this latest "run-up" just a product of record low inventory and interest rates?
Is it tied to stocks or the price of gold?
And is it just Irvine? I've seen listings of 3CWGs in Aliso Viejo that were $600-700k last year but now are in the $800-900k range.
Serenity now!!!
Does Larry have to make a return to the IHB to tell everyone we are in Bubble 2.0?
Or do we hope for the banks to release the Kraken and get all that shadow inventory on the market?
It was very easy to say we were bubbling when there was so much inventory, new home tracts and higher interest rates... but is this latest "run-up" just a product of record low inventory and interest rates?
Is it tied to stocks or the price of gold?
And is it just Irvine? I've seen listings of 3CWGs in Aliso Viejo that were $600-700k last year but now are in the $800-900k range.
Serenity now!!!