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Consider syndications as well.  This is probably the most hands off approach to actually owning a piece of property without doing any work.

OC used to cash flow.  It doesnt anymore.  Unfortunately "investors" are fighting for scraps now and resort to chasing appreciation.  In my opinion that is not really investing, but speculation.  Cash flow is king, appreciation is a bonus.  I dont understand why one cannot compare Irvine RE to...

OP: I think Panda gives some of the best advice on this post.  I think you should listen to what he said and take a look at those charts.  Good info.

By the way, my calculations included a total ROI which figures capital paydown into the equation.  This number is still negative about 4%.  Therefore unless you get big appreciation in this property you WILL lose money. 

There is absolutely NO property in Irvine right now that cash flows on 20% down while taking into consideration actual real costs of investment properties like maintenance and vacancies etc.  I dont even have to run the numbers to know this but to prove it to you I did below. Purchase price...

Agree about the floor plans.  I think they are some of the best I have seen.  Unfortunately the view lots are very close a busy street and the noise in the view lots are horrendous!  The prices on these homes are also horrendous! 

Vote her out I say!

Where is BTB.  Doesnt seem like many are interested in OH3 except BTB and a few of you others.

This place must not be doing so well.  I got an email offering 50K in incentives and also 50K for broker commission. 

hope you dont live near the great park. LOL

why is it hard to sell?  Keep it and you will keep losing more and more money. 

I assume many Irvine buyers will be in the following category:  500K less deducted at 4% mortgage interest rate at 35% tax rate will be about 7000 less saved on taxes?  A month change of almost 600 a month.  That will definitely hit housing prices.

Invest the money in other things or pay down debt or use it for something fun.  Whatever you want to do.  Never get emotions mixed with sound investment options.  If you are bleeding money, then sell it especially since it seems you wont lose much due to appreciation.  Even if you can pick up...

All bad real estate investments will stop bleeding eventually.  Based on this argument, ANY rental is ok because eventually you will pay off mortgage and cash flow will be good.  What you are not considering is opportunity costs, which is HUGE.

Sometimes the best thing to do is to do nothing.  (although I would sell a cash flow negative rental ASAP) 

From everything I hear and read, it looks like its going to be moving up.

Is the incentive offered to everyone or just one specific company?  if the incentive is just for one company, then yes, its corrupt. 

Sorry, this is a horrible analogy.  Offering different salaries to employees is completely different from offering tax incentives to ONLY one company. 

Corruption is corruption regardless of intention or the outcomes.  My point is the same.  If a preferential benefit is given to someone/company, especially by govt official, then it is corrupt.  That is my only point and nothing else.

exactly...  corrupt either way.