It's going to be about the available talent pool over taxes or anything else. If you're trying to grow a lot of new multi-billion business lines and ideas, you need an employee base that can make that happen. I wouldn't rule out LA or OC.
Isn't that chart just a reflection of all the new housing supply? Build it and they will come? Lots of cities have big population growth without house price appreciation.
I think the most relevant metric would be the trend in the ratio of high paying jobs to housing supply. Or trend in office...
With housing hot, even good contractors aren't giving their best service/price anymore. Wonder if I should save some of my upgrade activity for the next time we have a slow down
Maybe this is a case of bad hiring vs an issue with millenials. Every younger generation is going to operate a little differently, but overall the ones I've managed and worked with are very strong. I think their bad rap is overdone.
Not sure how that works. Didn't they agree to give raging waters 30 acres in the cultural terrace? Pretend City wanted 1-2 acres. Seems like it's more about $$$ than culture, even in the cultural terrace.
If they would carve out 15 acres and build something like Cerritos heritage park, I would've much preferred that.
http://www.cerritos.us/RESIDENTS/recreation/facilities/heritage_park.php
City of Irvine and 5P trying to get people to drink the Koolaid on this.
It's big and massive, but a lot of cities have smaller sports parks that are done much nicer and intended for their city residents to use. This was built for commercial opportunities instead and less for Irvine residents...
Am I the only one a bit underwhelmed by the sports park? Whole thing felt a bit sterile, rows and rows of courts and fields. Nothing really interesting or unique about the design or amenities. Children's playground, aside from the zipline, was also just average, not worth making a special trip...
http://meliahomes.com/communities/costabella/floor-plans-details/
Any thoughts on this location? Like access to beach, freeways, shopping, nature reserve, entertainment. Price bit high but no MR and don't know much the neighborhood feel or schools.
sub $700k is only going to be scarce if you care about new.
about 750 active listings in Irvine right now. about 150 or 20% are below $700k.
$1.0M is about the midpoint, half above, half below.
So there are reasonable values sub $700k and sub $1M if you're willing to look at resale.
Most people do get their money back especially if builder can't show that it has been damaged.
Iirc if it's been less than 17 days CA requires buyer to get deposit back. If it's been longer, builder must show its been damaged. So if Lennar eventually sells it at the same price to someone else...
I am not. Looking at the composition of the city council, it seems like residents of newer communities (i.e. built last 10-15 yrs) either don't vote or have no clout, presumably bc they don't engage civically. Maybe they expect TIC to come to the rescue on every issue (but then wonder how TIC...
Last week was the telephone call. Questions were pre-screened, no opportunity to follow up or interact and it sounded like she was reading answers off of a script.
Tonight is a town hall (with or without Mimi) at the Northwood High gym. If Mimi doesn't attend, other experts will help talk...