Recent content by irvineband

There is a level of stability and strong appreciation in the Irvine market that you don't see elsewhere. The drop in the stock market and other investments have gotten destroyed. Irvine keeps its value and has reason as well. That is the trend. If you have extra cash and can take a 2-3 years...

Live next to a snowflake or a person who is a flake?

I am curious if people who have taken out loans that have an ARM for say 5-7-10 years with a fixed rate and then floating will be in trouble when the fixed rate is over now that rates are much higher? And if so would this have a substantial impact on inventory and then home prices?

Usc, I always appreciate your insight! I noticed the inventory in Woodbridge is nonexistent. There is not a single SFR currently for sale in the entire neighborhood. After that condo sale on the water that went 600K over ask, this neighborhood is to be hotter. Any insights on what might be going...

Do you mean you continued to increase your offer from your original contract? Are you seeing more negotiation occurring vs sellers just taking the highest offer straight away?

Where did all the Complainy Smurf, dooms dayers, market crashers go? Are they going to wait until the market goes up another 25% so we are at a 50% increase before they start saying we will have a 10% correction? Will it be time to time the market then? Prices are absolutely sticky on the way...

When you realize what you have in the Ranch area it is awesome. Great location! No hoa or mello roos. Nice large streets and lots. You can remodel or build what you want. It is a wonderful spot. This site tends to push only the new stuff but I think that is a mistake. Older neighborhoods are a...

Hello USCT, always love your insight but can you clarify this point on your recent purchases? You said, ?we will basically be breaking down cash flow? from the below. Does this mean your rent will cover all your expenses and therefore you won?t be cash flow negative? ? My partner and will be...

I was wondering how COVID may have impacted the Irvine market in general? I understand real estate is local but I am hearing of people moving to Arizona and Texas, and Florida, etc. I know there have been people saying that folks have been moving out of CA in general for 40 years but COVID is a...

What qualifies as middle of the market? also is the lower end of your middle range hotter than the upper range?

Again I this the trend noted below is a giant advertisement for Irvine. How close to you need to be to LA metro for an HQ meeting once a week and how many parks do you want to live near? From WSJ today: Remote Work Could Spark Housing Boom in Suburbs, Smaller Cities Zil?low?s chief...

And to your point the inventory is very limited.

Certainly its relative but we are renting a 4bd in Woodbridge that is 1850+ but less than 1900 and its been perfect for our family. We would love to buy our house but alas its not for sale and we are actively looking but is all about price and unfortunately I don?t see a drop coming soon.

I?m talking about residential only and more specifically SFR. Commercial falling off actually helps SFR. People realizes it is worth having a yard.

Totally agree with the stock market concerns and all the uncertainty but with the real estate market the more I read the more I see it holding up and being more resilient. In most stock market crashes it does hold up minus of course 2008-9 when it caused the crash. I think people have a skewed...