What do these people think off?
After agent fee of 6% and if you sell exactly for that amount, you get 125k before tax. If you have $4,000,000 in cash, a CD has better return. A 4% CD yields 160k.
Seems like selling it for a lost according to zillow: https://www.zillow.com/homedetails/100-Bozeman-Irvine-CA-92602/402738626_zpid/
Just reduce it another 600k and it might sell.
You get no neighbors in the back thou.
I wonder if they sense a canary in the coal mine. I wonder what the final sale price will be! My guess is 2.3M so around $750/sqft.
What's up with this house, https://www.zillow.com/homedetails/102-Catalonia-Irvine-CA-92618/136801208_zpid/ ? Price dropped over $700k. Is there a back history to this house like a death?
The housing market is strange in Irvine.
I seen a few 3M properties bought and turned into rental for 7-8k/month. I assume the 3M was bought in full cash as you won't be any serious profit. Or maybe 40k return/year after the property tax, hao, mello roos, etc.
I assume the house is bought...
Along those lines, I feel it is Chinese people wanted to diversity away from Chinese assets. They can't buy stock or bond in US. So, the only thing of significant value are houses. It is nothing but a safety haven for their money.
These 2 houses sold for 3M and are the market for...