If you look at history, the previous bottom cycle in Irvine, 1995 - 1997 was absolutely the golden years for a young married couple to purchase a 3220 sqft SFR. These homes sold new construction for $546k in Northwood Pointe off of Plumeria. Fast forward to 2010-2012, The same 3220 sqft Taylor Morrison SFR in Portola Springs sold new construction for slight below a $1M. Let's say next bottom cycle in Irvine is 2027, Olivewood would bottom maybe $2M, if we are lucky to $1.75M. How does a newly married couple with a child on the way in Irvine enter a housing market like this? I have great sympathy for the 20s - 30s married couple age group living in Irvine trying to build their family.