Recent content by Masterofdamoney_IHB

Wait until about 2012/2013. Those will be going for high $400's/low $500's. :P

With a household income of $130,000, you can afford a pretty decent home... or are you trying to 'reach for the stars' and get something in the $700K+ range? :)

You can get a hell of a lot of home on the beach with some decent land for those prices....

As someone who couldn't gvie 2 squirts about this housing development, I will say this: I read through the 200 or so page report on this land, along with the statements given by the workers who supposedly buried those toxic chemicals on the site, and no matter how many 'assurances' I was given...

In line with income for people in the upper income of the area they are in. The nice McMansions (tract home style) should sell for no more than what the local area higher incomes can support. That being said, maybe $600,000 for your average McMansion in Irvine? Please note that TRUE, CUSTOM...

NIMBY!!!

http://www.thestreet.com/s/socal-home-prices-plunge-27-in-may/newsanalysis/realestate/10421605.html?puc=googlen&cm_ven=GOOGLEN&cm_cat=FREE&cm_ite=NA Housing prices across Southern California plunged a record 27% in May, signaling that more trouble lies ahead for builders and lenders exposed to...

Actually, the problem is that I'm talking about OC, and he's talking about IRVINE. FYI I believe the last census form I filled out used CHECK BOXES for income (ie. 25-35 check here, 35-45 check here, etc.). Irvine is going to be higher than the median, since there are a lot of areas in the OC...

What I am saying is that I look at peoples actual, hard income #'s to determine if they can obtain financing. It is very rare to see HOUSEHOLD incomes in the 6-figure range. No matter how rich people tell you they are, or how rich you THINK people are, the numbers don't lie. How is census...

That is very exact! I actually like the chart a lot. Tho I think 2009 will be more like your 2010 and 2010 will be lower double digits.

I know what you mean. It's different here! The naysayers try to clump us into areas like Mission Viejo and Tustin... You just don't see the soccer moms driving around in HELOC'd out luxury cars and SUV's in Irvine like you do in those other cities. I think most people in Irvine have pretty...

As someone who looks at income all day, every day, going back years, I can assure you that the median income is NOT $103,000. The census doesn't look at W2's, 1099's, and 1040's. :) My personal data from the front lines put the median for OC around $60-70K or so. For a household. Oh, and...

CHOO CHOO!!!

1989... sorta new. The guys was built 1950. :) They are not on the sand or anything, just looking out at the water. Exact difference in $ per sq/ft paid is $1091 vs $391 for those two.... ouch!

I spoke with a nice man who bought a house that is located VERY near the water in a beach city in SoCal this weekend. He bought his 892 sq ft place as an investment (2nd home) in 2005 for $990,000. A unit on his street that is about 10 houses down and at the END of the road (ON THE WATER WITH...