it's artificial because the lot size e.g. Highland is large but yet they're releasing it piecemeal. Forcing potential buyers to outbid each other then the losing buyer will panic buy the next "phase" once release. So yes, that's artificial. OC homes are not artwork - not even a fair comparison. ...
the market is artificially inflated especially with new developments. e.g. my experience with Highland, they're limiting 3-4 houses in each "phase", of course they'll round up bidders for each and every one of them. Buyers don't help themselves either. I've yet to see real appreciation for real...
got on the list around july, got a few calls but the lots were getting smaller, no view, and that's when it went from 1.2 to 1.5 in a jiffy. I just couldn't pull the trigger
thanks for the info, interesting to see the lot size as it was not in the email and oddly enough the lots on the attached map seems one of the smallest on the highland lots and no view.
hi everyone, been a lurker for a while. also interested in sierra (but thanks to this forum i realize why my agent never bothered to check on it for me).
with Sierra, does the preapproval need to come from loandepot? seems like CalPac is working with them but they're asking for all these...