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Migration is basic Economics: A huge influx of wealthy immigrants move to California A huge boom of tech millionaires get created in California A booming economy and household formation have young adults moving out on their own in California All combine to dramatically increase demand for...

The right says it's ok for Trump to lie 20 times an hour because Obama once said something like "If you like your insurance, you can keep it". I still can't believe I'm living through an era where we just accept a pathological liar as president with no consequences.

Are there any home High school football playoff games this Friday (Nov 2nd)? The kids wants to go to a football game and High school is a lot easier and close than UCLA/USC or Rams/Chargers.

Yes - it's not easy in general, but for communities with identical models and similar upgrades that have high turnover, you can get some idea. 2010 Median $732k May $750k:https://www.redfin.com/CA/Irvine/71-Autumn-Sage-92618/home/7203556 Dec...

Market Top for how long? I predict Housing demand will pickup again next year (2019) with flattish (0-5% increase) in pricing in 2018. I wish I were wrong and I could buy a move-in ready home on an 8,000sqft lot away from freeways, etc. in Irvine for $1.2mm. This is the closest available...

Saw lots of trees down.

Nah. This article is somewhat useful:https://www.thebalance.com/u-s-economy-collapse-what-will-happen-how-to-prepare-3305690 Some of the highlights from the articles: Honestly it's relatively easy if you live on an acre+ to do the following nowadays: - Solar panel with battery backup that is...

In my opinion, we will not see a repeat of the 2008-09 downturn in our life times. I predict the next down turn will be around 10% (though individual properties could plummet if an owner overpaid and allowed to unit into disrepair, foreclosure, etc.) I think there is a chance of a complete...

Disagree about 1-2 bedrooms prices and the relationship to 3-4 bedroom rents. Once you get renters used to paying $2400/mo for a 2bedroom apt, it's not a big jump to $3500/mo for a 4bedroom home. Sometimes single renters are comparing the cost of splitting a 2bedroom two ways versus and...

A global recession may come soon and worldwide real estate prices could plummet. What will be the safest place to have your assets in that case?

Overall home sales are declining as prices increase. This is Economics 101: Demand is greater at lower prices.

Great points. Of course 2005/2006 were extreme once in a life time situations. I was in a similar situation as your friend as I had enough money saved up for a downpayment by my mid-20s and everyone advised to buy,buy,buy. I saw that renting was HALF the cost of buying and rented until 2011. I...

I love my Honda Odyssey. Sliding doors= parking two cars in the garage and being able to play openn the doors.

A co-worker volunteered to drive to a work meeting recently and she was texting the entire drive home, weaving between lanes and making me fear for my safety. I'm thinking: Just call your damn spouse - it's a lot safer!

List for rent today at $5k/mo.

Speaking of shady: - Posting a negative review on a forum like this that tends to come up high in search results - No specifics or backups to your claims to let the reader just for themselves. I often disregard bad reviews after reading the details For instance, here's a one-star hotel...

Hopefully this means the rate of price increases will slow. As a move-up buyer, the high prices have been disappointing and I love seeing that we're running out of buyers willing to pay ever increasing prices.

The prickly pear home went pending today. Under $1.25m detached homes in the area are mostly pending in under 30 days with no price reduction. You probably see the homes built before 2009 that are generally over 2,500sqft and either attached or large lots that list for over $1.5m

Haha. People complain about everything on Nextdoor and they always feel so entitled. Some bozo claimed that HOA rules and City laws said that no one else could park on the street in front of his home and he was going to turn in his neighbor.

Break-even point between higher price and mello-roos $100K in higher price: $6,000 in Principal and Interest $100 insurance $1,050 property taxes For every $100k higher price, the equivalent would be $7,150 in additional mello-roos (or higher annual HOA).