Recent content by PadreBrian_IHB

You'll see see a 5-10% cut this December, but that's about it. Inflation will see to it prices don't slide more than that.

The issue is that Laguna Crossings isn't as desirable lots as Orchard Hills...thus Bren wanting to sell the lower end first. The market can't support 1-4 million dollar Orchard Hill house lots right now. 600-900k, yeah sure.

Good prediction. I'm saying 2014 for Laguna Crossing, and 2018 for Orchard Hills. At this pace that's about right. More businesses need to move in before we can support more developments. And NO, mortgage companies aren't the type of businesses I mean. :P

Holy Denial Batman! Why didn't the realtor use the comps to convince the sellers?

yeah somewhere in that ballpark. Weird how he doesn't just cut his losses. Like the old saying goes Pride comes before the fall.

^^^^^ good suggestions

I'm thinking 2001 prices on this product before everything is said and done.

;-)

They will face the main streets and their garages will be on a yet unmade alley in the middle. I also recommend next year finding an interior facing apartment.

And, really USC, a few bucks off on his apartments...Some of the highest in all the west coast is no f*&king deal. Bren gives us a trial sized jar of Vaseline when you move in. Then sales you another jar for the next month. He's also debt free on his apartments...he bought out his backers...

Actually, that f*&ker has been pretty damn good at judging the market. TIC slammed the brakes on back in late 2007 and slowed the release of lots. The builders were pissed Bren wasn't reducing the lot prices. He was driving them to the poor house. To tell you the truth, Bren has no intention...

NOPE! I see a backyard in one of those british townhomes.

Yeah, those two products are on hold. I give it another year or two before they can reopen.

As far as an 2500 sqft house from the 70's getting 1 mill...two words...Turtle Rock

Actually, the children should get what the house is worth on the open market. It would be cheating them otherwise.