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When the market was slow and there were lot of options for buyers it was the builders' way of "marketing" so that agents would steer their buyers to new builds. In this market, it makes little sense but as an agent I'll take what I can get.

I'm surprised any builder is even co-op at all still and all have not moved to a bidding structure. It's not like there are other options for buyers...

China banned crypto mining and trading sometime this year. They said because crypto and mining is harmful to the environment but I'm sure they want tighter control on their currency and assets.

I have some Bay Area tech buyer clients basically buy in cash with source of funds from selling company stock...

$1.3M is a little ambitious for this unit. It's the smallest of Trellis Court neighborhood and doesn't have the 4th bedroom. I would be utterly shocked if it went that high. I think $1.2M is the top end for a desperate buyer.

Yes this is a 3BR detached home with a loft upstairs. This was "phase 1" of Trellis Court. The newer "phase 2" of Trellis Court converted the loft into a 4th bedroom as standard build.

Easily underpriced. About 8 months ago similar homes sold close to $1.1M. Also another attached 3BR home in CV sold $1.08M.

If you don't need the car it makes sense to pay the residual and resell the car for profit.

If you're willing to buy a Tesla Model 3 or Y Performance models then you can get a February delivery date but likely earlier in January.

The owners were from China and only spent a few months in a year there from my conversation with the agent. I don't know how much the HOA fines you but maybe $100 per month fine is cheaper than $10,000 landscaping? Who knows. But $747/sqft is insane with the next nearest selling at $680? The...

Cypress Village SFR sold for $1,688,888 cash! At just 2200 sqft with the backyard still completely dirt.... $747/sqft is a record price for CV. This is the first home to cross the $700 threshold for this neighborhood. https://www.redfin.com/CA/Irvine/101-Velvetleaf-92620/home/105486322

It's all down to the numbers so there are so many variables to give you a solid answer. Generally of course with GP having higher MR makes it a less attractive alternative for a rental property. There are better alternatives if you're looking for cash flow or equity appreciation.

Most buyers will not know the difference between Condo or SFR especially in a situation like this but it also doesn't really matter if it is SFR but feels like detached condo anyways. I'm not 100% sure on the distinction between the two. From what little bit I do understand is that a detached...

There are some homes that have courtyard style but are not detached condos. The tax records for both of these homes are officially SFR.

Generally speaking jumbo rates have been lower than conventional loans recently.

Yep it isn't a flawed belief at all. Just a cycle that feeds itself. The schools do well, attracts more people who want good schools and drives prices up, higher prices leads to better funding and donations, etc. Whereas the other end of the spectrum is that inner-city or schools in "ghetto"...

Taking time off, unpaid of course right?

My point is $8500 leased is representative of the market whereas $7500 listed may not be.

https://www.zillow.com/homedetails/64-Thornapple-Irvine-CA-92620/136801437_zpid/ This one actually leased at $8500 for 2900 sqft. with no frills. Just furnished.

You might fine nice sized homes at a decent value in Tustin and Tustin Ranch if school isn't your primary concern.