Recent content by Liar Loan

If that's what you said, then you got it completely wrong. Inventory has already doubled off the recent lows even as rates more than tripled.

Goalposts moved. You started out saying "anytime is a good time to buy if you can hold on for at least 5-10 years". It didn't work out that way in the 90's or the 00's. Now you're saying "show me the losses" after spending years complaining about Larry's incessant posts doing exactly that...

This question betrays all the other shuckin' and jivin' you're doing. Holding for five years was not enough to come out ahead in Irvine historically.

The three year average is from 5-7 years ago (2017-2019). You said higher rates this year would lead to lower inventory this year.

Ah, so your advice to hold for at least 5 years only applies to that narrow, limited segment of homes you were tracking in 2008. Got it. :rolleyes:

Mortgage rates hit a new high for the year. I can almost feel that sweet, sweet inventory disappearing before our eyes. But wait a second... What's this I see? Inventory is actually higher than last year and so is market time for homes under $4M. Well, never mind all these silly...

Yes, a 28% decline in value is your idea of a good time to buy. Of course, there were also the thousands of Irvine residents that lost their homes. I'm sure those people are glad they listened to your sage advice.

Yeah, those people that bought in 2006 and held on until 2011 really made out like bandits.

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The best ROI / Cap rate would be to live at home and attend either UCI or UCLA. By removing room & board from the equation, you cut the Total 4 Year Cost in half.

It also depends on whether they include all cities of any size in the ranking, or only cities above a certain size. I think a population of 250k is the cutoff a lot of the national rankings use, so only a few cities in OC are larger than that, and Irvine is the only one that has low violent...

The ultra-low interest rates lasted until December 2021 and inventory bottomed two months later. Inventory is not suppressed - It's 96% higher than it was two years ago after bottoming out. It's just that ultra-low interest rates caused inventory to get so depleted, that it's going to be a...

Active listings are the highest in four years, and price reductions are the highest in eight years for the month of March. But poor IHO predicts the recent spike in mortgage rates will lead to less inventory. Home Sales Clobbered by Mortgage Rates. New Listings & Active Listings Surge. Most...

Rapidly increasing rates caused Irvine to decline in 2013-14, 2018-19 and 2022, but I'm sure this time will be different. tic, tic, tic..

Rates went from low to ultra low, and so did inventory. Now rates have been increasing for 2+ years and so has inventory. Your chart proves that, which disproves your prior assertion about higher rates suppressing inventory earlier in the thread. Irvine did worse than the national market in...