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You asked how something is corrupt.  Well if someone in govt is providing special "incentives" for a specific person or company, then the simple truth is that it is corrupt.  If you want me to say whether this is real life or not, well then that is a different story.  Unfortunately we all know...

I would say its definitely corrupt if the tax incentive is only for a particular company.  If the tax incentive is for everyone and anyone, then no.

Then be sure to have good health insurance as fire retardants are well known to be carcinogenic...

I have a feeling the view lots will feel a lot less special when the houses below are all built.  I realize there will still be views, but when you see a sea of rooftops, the views look a lot less appealing.  I have seen this first hand.  Views with absolutely nothing in front of you versus...

Mosquito and cockroach haven????

I would have a problem with my lot size being the biggest among a neighborhood with tiny lots.  When all these homes are cramped together on tiny lots, the general feel of the neighborhood feels bad regardless of how big your lot is.  I realize most Irvine is on tiny lots but if the lot is tiny...

Assuming two homes being the same or similar in size, layout, upgrades and lot size, how much premium would one expect from a Northpark versus Northpark Square house?  Basically trying to get a general idea of how much more valuable the Northpark location is versus Northpark Square. Also is...

Sorry I disagree.  This will hurt Irvine and it will hurt many other areas in Orange County.  Many of us are using MID and the increase in the personal exemptions will only make renting more attractive.  Yes there are many cash purchases in Irvine, but the fact there are more cash buyers in...

Definitely at WTF price.  This will sit for a very very very very very long time unless they drop the price.

Your comment implies prices are down in the over 1M market.  can you confirm?

No point...  there are none to be found.

I think the only benefit from a revocable trust is to avoid probate... and this will be mainly for real estate.  This will save some costs of probate and avoid anything becoming public information.  Regarding money in the bank or retirement accounts, I believe a trust will not be of any help. ...

How many times has it flooded in that area now?  You may be able to buy cheap now, but if you do its your problem the next time it floods. Better yet, perhaps wait till Irma destroys florida, and you might be able to buy cheap out there too...

I think you just proved his point.  Incomes do not support the prices if people have to resort to multifamily living/parent funded incomes to purchase homes in Irvine or if only FCBs can buy

Canada not having a tax deduction does not support your opinion in any way...

This is true about property taxes, but most of Irvine will have MID. 

I have no idea if they will pass or not.  However if they do pass, then without doubt it will put downward pressure on home prices.

That area in East Costa Mesa is actually very pricey and is gentrifying very quickly.  There are tons of new builds in that area now and all of these homes are well over 1M now.  If you can find a SFR under 1M there let me know.  The land price alone for most of the homes there are around 900K...

very astute points made here.  These are also considerations that most people on this blog ignore when talking about cash flow.