Tough to get all your assets to match up at the same time.
For lack of better term, if you're a strong hand (ie, sole proprieter, have pretty good control/confidence where your job will reside), probably takes some risk off the table.
In same boat. . . . overpaid. . . by a lot, especially compared to what other types of assets one could buy on a comparative basis. Need to use a lot of mental adjustments for utility yield to even have it begin to be comparable. . . .
While I generally agree that Irvine homes are probably on the high side of fairly valued, would argue that there are some limitations to looking at strictly price/ft. View lots, large lot relative to size of house, non-thru streets etc can drastically change that valuation.
Think at this...
Don't recall high end single story (Pulte) selling well. Recall them re-permitting. Interesting that Silvermist is doing as well given it's a very similar floor plan (though better location and larger lots). I'm interested in the Eastwood single story but will await pricing.
Might be wrong, but the Stonegate and CV that went for 400/ft were shared driveways or next to busy streets (Sand Canyon, Portola, Jeffrey, Irvine Blvd). I recall Laurel being base priced at 425.
USC-appreciate your insightful posts. Couple of single story places I've checked out in Tustin have 12 and 14 ft ceilings throughout. Do you know what apx $/ft premium is on those higher ceilings?
Would respond differently depending on age, depending on where your net worth was, ie. business, IRA, ROTH IRA, after tax savings etc. Stability of income and potential growth of income.
Generally would say 25%
Generally agree with; current communities aren't what I would consider premium unless you have a view. Do think that later phases will be pretty good, should have view lots, hillside=lower density (usually), no thru traffic(but you're on the furthest north side of Irvine).