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Cherry picking data points. I can find examples of price reductions that led to homes being sold as well. I think the problem isn’t only the price but also the amount of inventory that is in the market in PS. Not only that, I think it’s more difficult to sell detached condos at 2M+. You can...

Irvine is known as an FCB city. Once you hit the sale price of 2M+, most homes are cash buyers and therefore rates do not have an impact. Also, we are currently in a situation where prices are trending downwards so using Julys comps isn’t a good indicator of what the price is today.

113 Tall Reed constantly lowering the price will impact the future comps nearby the area and especially when it’s the same floor plan. One also needs to factor in not only interest but also the opportunity cost that you lose by not having the sale done sooner.

Pointing out that buyers were always paying for the buyers agent commission doesn't necessarily address the actual changes and instead causes more confusion for the buyers. With the NAR changes, the buyers will not be able to finance the buyers agent commission so it will need to be cash out of...

I foresee what will end up happening with the NAR changes will be that seller will have the home listed at $X and if you want your buyer agent to get paid by the seller, you will buy the house for $X + $Y. $Y being the commission the buyer agent gets. But of course that depends on the market...

$8300 for a condo?!?! Props to you dude for being able to do that and justify it.

I would have told him no more halfsies as that was my offer at that time. Now it's all on you to compensate or I don't buy.

I wonder if these new NAR changes are impacting Irvine market? I wouldn't think it would. The other thought is CCP holiday is coming up.

1.1m for a condo is insane despite all this inflation. That's not even factoring in MR and HOA. I would honestly rent than pay 1.1m for a condo. Take the extra in savings and dump it in the S&P500.

Honestly the fact it needs updating is actually good. The future owner can pick out the upgrades and design it themselves. Not to mention this home has a driveway where as some homes in Irvine are not even SFH, has no driveway, has MR, and cost 2M+.

that's a humble looking yard there for Irvine standards.

But why? FCB demand is no longer there? Rates are at its lowest in some time as well.

I got mine through GEICO and it's $536 a year.

Trump saying presidents should have influence over interest rates is a joke. Kamala capping price increases on groceries is very concerning given she’s an Econ major. I wish you guys would discuss more about policies.

I'm actually curious what type of buyers buy these condos and why. From looking at the property tax amount it seems like there is MR, $800+ HOA fee, and poor school district.

There are concerning financial mistakes that makes me quite concerned about the average American with that article. 1. Selling the home after one year instead of waiting for the two year mark. Now she has to pay capital gains taxes on the sale. 2. Putting her profits in a savings account and...

6. Very concerned. It has had wild fires in the past and that will not magically go away. TBH PS/OH will probably burn down before other parts of Irvine get touched. Depending on your insurer, it may/may not be flagged as a high fire risk zone yet, but you best bet it will in the future. Factor...

I'm not sure if I misunderstood this but I would personally never use any realtors recommended inspector. Always find your own inspector.

Well Kamala wants to charge a 4% tax on income over 100k at the federal level. https://taxfoundation.org/blog/kamala-harris-tax-proposals-2024/ I will vote for whoever removes the SALT cap. I don't care about identity politics and nor do I care about all the petty arguments that don't relate to...

I feel like it’s more cosmetic and not practical. I have cabinets to the ceiling and it’s all empty. Not everyone wants to pull up a step ladder to grab stuff from there.