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    Observations from the front lines of the Irvine housing market?

    This is an investment property I want to buy if I have $1M cash: 407 Saint Andrews Ave, Placentia, CA 92870 A $1.1M foreclosure sold for $825K.  Can be rented for $5-6k. Costs min. $1.5M in Irvine to collect $6000k rent/month. More foreclosures are coming once the COVID-19 National Emergency is...
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    Observations from the front lines of the Irvine housing market?

    Has anyone noticed that we?re entering a recession? NY Fed's Empire State Manufacturing Survey slid to -0.70 in January, from December's 31.90 reading Stock Market is down about 10% so far in 2022. Will see what happens once the Fed start raising interest rate and tighten the balance sheet.
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    Orchard Hills Neighborhood 4

    IP wanted to build ASAP before mortgage rates climb up 4-5%
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    3 New California Pacific Communities in Portola Springs Late 2021

    New phases are being released as fast as possible once every 2 weeks as mortgage rates will jump up to 4% by this summer or no later than 3rd qtr of this year. 
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    New communities in Portola Springs

    It?s all about future resale value.  I am sure a Sierra home will have a higher resale value 10 years from now as it?s a true SFR.  Look at what  a 3  car garage home vs a 2 car garage home sold for earlier this year: 24 Vienne, Irvine, CA 92606 - 1.55M, 3car garage 16 San Garin, Irvine, CA...
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    3 New California Pacific Communities in Portola Springs Late 2021

    I don?t see how housing prices can go up 10-15% in 2022, just like I don?t expect people continue to pay an average of $5000 mark up for new cars and gas prices won?t go up to $6/gallon in 2022.  Supply and Demand are not the only factors to determine housing prices. If mortgage rates went down...
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    3 New California Pacific Communities in Portola Springs Late 2021

    Prices at Highland went up almost $200k within 2 months once the true SFR Elderberry sold out. The last phase at Elderberry was priced at $1.5M.  Make sure to wait until the grand opening at Calpac?s Sierra to compare pricing.  Besides, more SFRs will be built at Dreamcatcher below Highland the...
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    Ravello at OH Groves

    I am sure a plan 3 will suddenly become available if you go back and tell the salesperson a plan 3 is the only plan you will buy and you will buy immediately once you get called by Cetara/ Palermo.
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    New communities in Portola Springs

    Never trust Goldman Sachs. ?Goldman has been harshly criticized, particularly in the aftermath of the financial crisis of 2007?2008, where some alleged that it misled its investors and profited from the collapse of the mortgage market. That time ? "one of the darkest chapters" in Goldman's...
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    New communities in Portola Springs

    I don?t understand why people kept saying home prices keep going up and never discussed the cause to the 2021 housing boom. It was the Federal Reserve $120 billion bond buying each month since March 2020.  It announced 11/3 last week it would slow bond purchases and stop buying bond around June...
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    New communities in Portola Springs

    Again, those true SFRs at dreamcatcher are 3000+ SF, bigger than Highland?s floor plan. wait until end of 2022 if you don?t believe me.
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    New communities in Portola Springs

    Detached Condos or Highland won?t work for families with teenagers 16 years or older and have their own cars. I don?t want to wake up my kids Saturday or Sunday early morning and tell them to move their cars parked on the driveway.  Besides, I don?t want my kids complain to me their friends stop...
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    New communities in Portola Springs

    Lol, SFR doesn?t allow you to park your car in front of your house in Highland. You also pay $250HOA, $100 more than SFRs were built at Ceremony?.
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    New communities in Portola Springs

    Highland and Bluffs are detached condos, not SFRs.  Rather wait for those SFRs to be built at Dreamcatcher, next to Highland park.
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    New Community Developments

    Highland and Bluffs are detached condos, not SFR.  Rather wait for those SFRs to be built at Dreamcatcher, next to Highland park.
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    New Community Developments

    500+ IP homes will be built at Dreamcatcher, next to Highland park.  Those are 3000+SF SFR. Apparently, IP won?t release any info until Highland and Bluffs.
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    Observations from the front lines of the Irvine housing market?

    Jumbo rates went up 0.25% in just 2weeks.  See new home prices are cut 95-100k at Palermo in Orchard Hills. 
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    New communities in Portola Springs

    The last release at HIGHLAND were all VIEW lots Highland Res 1 - $1.519M (lot 23, 3918SF) Highland Res 1 - $1.59M (lot 20) Highland Res 2 - $1.61M (lot 19) Highland Res 2X - $1.71M (lot 24, 6703SF)
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    Seller wants offers first prior to showing the house

    Tell the seller to wait 3 more months once mortgage rate hit 4% lol
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