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  1. Cornflakes

    Contractor thread

    I just paid $2/sqft in labor charges for removing and disposing old carpet, and installing laminate flooring. Din't bother to compare costs. Does it sound like a decent deal? P.s. It was not in Irvine, not even in OC.
  2. Cornflakes

    Is it true great park mello roos is over $1000 a month?

    Some anecdotal objective evidence to set the record straight. Interprete what you will: I bought a Beacon Park home in Oct. 2016. 219 Canvas in Eastwood closed in April 2017. I paid $959k - Got 4 bed, 2400 sqft,, and a driveway. 219 Canvas paid $1013k - Got 4 bed, 2246 sqft, no driveway. My...
  3. Cornflakes

    Renting Is Cheaper Than Buying, Almost Everywhere

    It is a bait click article. They say San Diego median rent 1500 and median payment for ownership is 2500. $1500 gets you 500 sqft apt to rent in SD. $2500 carry cost gives you $500k purchase power, which gets you 1300 sqft. Apples. Oranges.
  4. Cornflakes

    Renting Is Cheaper Than Buying, Almost Everywhere

    Sure, landlords in all those cities are running charities where they pay more in carry costs of the home and rent it out at lower rate to benefit renters. That is how economics work.
  5. Cornflakes

    How low can we go? 30 yr fixed at 3.75% with no fees...

    Is there such a thing as 90% LTV jumbo loan? Or 80-10  (jumbo+HELOC) for purchase?
  6. Cornflakes

    2.875 No Cost Refi (30 YR Jumbo)

    SGIP is pretty awesome and upfront about what he can and can not deliver. I refi'ed my jumbo 3 months ago and got 2.5% 10-ARM, with zero points with Sunwest Mortgage.
  7. Cornflakes

    Where the market is - Buyer Offers

    Stay in the green zone as much as possible.
  8. Cornflakes

    Tesla Solar Panels Price Cut

    makes sense... who installs solar roof? - people that has older roof, may be disintegrating What do they more likely to have? - years old technology and material underneath, which might be weak/rotting What it means for Tesla? - higher costs e.g. GPN and OH buyers are not primary customers of...
  9. Cornflakes

    Where the market is - Buyer Offers

    It is almost like... you have 300k for down pmt keep aside 100k with 200k remaining, at 25% down, look for properties that are listed at 800k or below. bid agressively using your 100k war chest. with 900k purchase price, 300k down payment, you look stonger to both lender and seller, and beat...
  10. Cornflakes

    Own rental property? Your thoughts on how this could impact you:

    Those majors don't pay as well but they are important to a well-rounded society. English major may not earn as much as a run-of-the-mill coder but for every Google and FB founder from a pool of comp sci major, there will be some super stars emerging from English and liberal arts graduates.
  11. Cornflakes

    Own rental property? Your thoughts on how this could impact you:

    I get the subsidizing college argument, but not making college free is creating losers and perpetuates the lack of economic mobility. I feel that when my kids grow up, I'd be in a position to pay for their college. SO, if college is not free, my kids won't suffer, and when they inherit my house...
  12. Cornflakes

    Own rental property? Your thoughts on how this could impact you:

    IN my mind, a fair capitalistic model would incentivize an individual that works hard and makes as much money as possible while positively contributing to society/economy. So, give tax breaks, allow 1031 etc. But then that model should also give equal footing (or at least try) to both kids - a...
  13. Cornflakes

    .5% Buyer Agent Commission!

    IF anything, days to sell should be a variable in agent comp. In a market like this, when a home sells in 15-20 days of listing, the agents can quickly jump on the next deal and hence the comp should be relatively lower. They still make good money on volume. IN a slow market where it is going to...
  14. Cornflakes

    Newer Irvine listings with crazy WTF asking prices from equity sellers

    Back in the days when Trump was running for the office, I got in convo with a ber driver. Me: ...can you believe this guy? Nothing sticks to him... Driver: It's fun. I am going to vote for him. Me: Why, what is your reason? Driver: Purely for circus and entertainment purposes. We have a few TI...
  15. Cornflakes

    Where the market is - Buyer Offers

    Is it possible to make an ebay style bid on a house. Say a buyer really really must have the 800k listed home. Can he/she make an offer of "Lower of the $1M or highest offer+$1000" - subject to successful verification of the legitimacy of the highest offer?
  16. Cornflakes

    How to find what rental market rates actually are?

    I was once a tenant and my landlord decided to increase my rent by $400 to go from 3400 to 3800. I made a case that let's work out a number that works for both of us. He was naive to not consider my alternatives and stuck to his guns. I gave my intent to move out and signed a new lease with...
  17. Cornflakes

    How to find what rental market rates actually are?

    Consider this hypothetical scenario: Six years ago the home price where you are renting was $800k and you rented a place at $3200. You currently pay $3300. Today, the home price has risen to $1M  = 25% increase in value. Say, the rent value increases by 20% only becasue of the house aging. THat...
  18. Cornflakes

    CR: Is there a new housing bubble?

    2007 ~ my gardener was flipping houses with income $20/hour that I and others were paying him 2021 ~ banks are still giving me runaround for 60+ days to fund a refi loan (not new debt) with my perfect credit, w2 income, the steady corporate job for years 2005ish - interest rates were 6-7% and...
  19. Cornflakes

    CR: Is there a new housing bubble?

    $27.2 trillion dollars Size of U.S. residential real estate market is $27 trillion in 2019. It's Monday and we know you're not working, so let's wrap our heads around just how big the U.S. housing market is. The total value of the U.S. real estate market is $27.2 trillion dollars.Apr 29, 2019...
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