Yup. Work for a FAANG with a 25 minute commute in OC. You'd have to give me like L+3 to even think about a job in NorCal.
Netflix is still fully optionally remote. I believe Github hires remote. Block *was* huge on remote. (just laid off like a ton of their company). There are others...
If you're dead set on Irvine, good luck. I moved ~7 minutes south to Baker Ranch (in Lake Forest), and it's pretty great! The schools aren't rated quite as high, but my kids are little still, so i'll just plan on a bigger tutoring budget.
Tustin Ranch is a great neighborhood too and...
yeah at a certain point though you make it more profitable to build new multifamily units or invest in the stock market etc. rather than just buying up residentail properties hopefully. well, that'd be the goal.
The solution to a lot of this is to jack up property taxes EXCEPT for primary residences. If someone is going to buy a house and let it sit empty to wash some cash, might as well pay extra tax beyond what someone living in the house would pay.
I don't have near the equity to live there, but I think we agree, I wouldn't spend that kind of money on something that close to the landfill.
I have a hard time justifying any prices in Irvine these days, to be honest.
I think it's not just a question of if it's affordable, it's what you can get for similar pricing.
If I had 5+ million to spend, I'm going to look for larger lot homes in Tustin Ranch. If I have 6M+, Hidden Canyon has better lots and feels less cramped.
What will happen is prices will eventually flatten out, and people will only be buying homes to live in or rent out for cash flow. Then the good neighborhoods will matter a lot more.
Right now there are still enough speculators buying properties in Irvine knowing they get a price pop most of...
thank you so much, that's great, a lot of his points are pretty insightful.
I think he's really spot on with the two car garage. I'm in a smaller, less grand Toll Brothers neighborhood in Baker Ranch (average 2500 sq ft, mine is ~2900), and street parking isn't all that plentiful there even...