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Not going to happen. Portola Springs is not getting any retail. TIC doesn't believe in even a gas station + convenience store. The closest retail that might be built is near the Modjeska/Irvine Blvd intersection. Retail is dying, even in a booming economy.

As a resident of Portola Springs, I agree with bones. www.walkscore.com gives my home a walk score of 1. Interestingly enough - my last home (in a different city) has a walk score of 36. We walk a lot more here than we did previously since the "walking distance" shops were all around a mile...

Let's compare two homes:https://www.redfin.com/CA/Irvine/117-Prospect-92618/home/51682564 $1.260m Mello-roos: $6,388.50 (2017-18), increasing 2% per year Regular Property tax at 1.05%: $13,230 Total property tax at 1.05%: $19,618.50 Home insurance: $1,260/yr Earthquake insurance: $264/yr HOA...

You bought Muse, right? Isn't Deco a detached home in Cadence park with a lower starting price?

It's a great thing that buyer's are putting the brakes on the willingness to pay higher prices - largely IMO because of the lack of crazy financing products that we saw in 2006. If banks were still giving out NINJA, pick-a-pay, negative amortization teaser rate loans, that's when I'd be...

If you can stretch your budget, this unit gives me a lot of "bang" for your buck:https://www.redfin.com/CA/Irvine/48-Prickly-Pear-92618/home/51681360

Technology didn't used to connect to Laguna Canyon, It is relatively new construction.

I was asked about it. Redfin's CEO's bearish comments. I am just saying it doesn't reflect an impending housing pricing crash, just a slow return to a neutral market without significant short term price appreciation.

Redfin just grew over 33% year-over-year but still lost millions. If redfin's brokerage business is suddenly flat (same as last year) rather than seeing continued massive growth, it would be devasting to their business plan. It only reinforces my prediction of flattish prices with growth...

I'll add that, that in a market where prices are only going up 3% per year, a lot of seller's are going to be frustrated. Imagine you bought the following brand-new home: $1.1million list price for 2,800sqft detached condo $150,000 design center upgrades and closing costs $30,000 landscaping...

healthy Considering the real estate market the past five years has been: - A strong, strong seller's market (under $1million) - Overheated - Suffering from lack of supply The market is now: - A moderate seller's market (under $1million) - Prices are flattish (only growing at the rate of...

If you want easy resale, when spending over $1 million on an orange county home that is anything but beachfront, only buy a true SFR with a full driveway and max two stories.

Inventory was ridiculously low last year. All of these stats are juiced, especially the 3x last year's rate... I do believe in looking at numbers, but this is cherry picking.

We live near the 241. There is some noise, particularly when a motorcycle or garbage truck drives by. One of our neighbors lives near the 133/Portola intersection and says they get more noise from Portola than the 133. Eventually the 133/241 are going to be freeways (not toll roads) and you...

I've lived in Portola Springs for a number of years and I'm a little jealous of the location of these new homes: - Walking distance to the elementary school opening August 2019 - Walking distance to the new community park Portola Springs is a little remote which has pros and cons. It's a...

Compare two examples: 1) $128k in wages, passive investments bringing in $5k/mo of no-tax and low-tax income. No debt. Bought home with 50% down and have small mortgage payment. 2) $200k in wages, bought home with 3% FHA loan and pay PMI. $150k in student loans. $80k in credit card debt.

A neighbor kept his NorCal home as a rental when he moved here and recently unloaded it for a huge gain. His wife still owns some business

Each individual's situation varies. Many have family trust funds in diversified investments. Others had stock options that they diversified. It's very foolish to assume that the salary of a couple is their only source of funds. I worked with a guy who owned four franchise restaurants, another...

Agreed that the higher-end homes are renting cheap. I looked at selling my home and renting a $2 million home for around $6,000/mo. With daughters, I don't like the possibility of having to move after a year lease is up. And if I don't want to spend more money, I could end up having to "move down".

$128K isn't that far off from $200k. Most families that I know living in Irvine have passive income in addition to their jobs.