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<p>hbunny: I edited my post to add a link under the word "picture"...</p> <p>irvinerenter: The inverted yield curve that you see presently has seldom been wrong in forecasting a recession. While all the leading economic indicators are positive so far, most of them look out only 3-6 months...

<p>sapporo : <em>"so what i don't get is why people still BUY these detached condos! do they not work out the numbers first?"</em></p> <p>Well put indeed! What I don't get is how so many people seem to be able to "afford" these white elephants? The <a...

<p>One more comment, actually, just a <a href="http://photos1.blogger.com/x/blogger/6089/1833/1600/81813/stages_7.jpg">picture</a> that's worth more than a thousand words...</p> <p><a target="_self" href="http://photos1.blogger.com/x/blogger/6089/1833/1600/81813/stages_7.jpg"><img alt=""...

I see a bright future ahead for the landfill... May it become a .... golf course!

<p>I am familiar with the concept of a 1031-exchange but I would like to see some economic analysis (hard numbers) on why spending the 1031 money this way is better than getting taxed on it.</p> <p>This looks very interesting indeed...</p> <p>Biscuitninja, could you share some of your...

<p><em>irvine_native: "I have a feeling that the new developments currently selling now will have an unusually high amount of foreclosures in the coming years."</em></p> <p>I think you are on the right track with that comment. You will see (if you haven't already seen the "measels" on the...

<p><em>"I think it depends on what your friend is looking for. As I've stated in previous posts, if he found a home that he really likes and can afford it with conventional loan, then sure, go ahead and buy it if he intends to live there for the next 20 years if it'd make him happy."...

Added <a href="http://forums.irvinehousingblog.com/account/48/">IRVINITEEEE</a> to this list... Better watch out.

<p>Maybe I should sharpen the sarcastic notes in my posts so they don't sound that positive!</p> <p>(bow in contrition)</p>

<p>Instant Equity Evaporation for Phase I Buyers (assuming each one bought at sticker price):</p> <p>Plan Sq ft Desc Old Price New Price % Drop</p> <p>Residence A1 1040 1bd/1.5ba 455,077.00 418990 7.93% Residence A2 1146 1bd/1.5ba...

<p>Unlikely but plausible scenario:</p> <p>-Hyperinflation (10%+), leading to,</p> <p>-Huge increase in wages, leading to,</p> <p>-Huge price increases of all goods, services, commodities, and real estate.</p> <p>The *real* price increases will be near zero if you adjust for inflation...

<p>At least one of the units at <a href="http://www.ziprealty.com/buy_a_home/logged_in/search/home_detail.jsp?listing_num=P555645&amp;amp;amp;amp;amp;page=1&property_type=CONDO&mls=mls_so_cal&amp;amp;amp;amp;&source=SOCALMLS">Watermarke</a> is being flipped (see <a...

<p>Comparing prices within this list on a per sq ft basis (my favorite comparison method), I wonder what accounts for the wide disparity:</p> <p>Plans Sq ft Price Price/sq ft Residence A1 1bd/1.5ba 1040 418,990 403...

<p>OK, in the interest of being "fair," here's another post on the Watermarke forum that he (she?) started a few days ago:</p> <p><em>"thanks a lot! The things is we have a big house an hour away from Irvine, which is too far away from where we works. After driving a year, feel like it's...

<p>I thought I would turn the discussion "inwards" on the posters on these forums and at least make some guesses on which posters are potential shills for the RE profession. I am not a big fan of McCarthy-esque exposes but sometime you have to separate the "wheat from the chaff.</p> <p>My...

<p>charlesriver,</p> <p>See my post from yesterday on the Avenue One forum (<a href="http://forums.irvinehousingblog.com/discussion/35/thoughts-on-avenue-one/#Item_0">click</a> to link)...</p>

<p>Through this blog/forum and others dedicated to the OC, looking at ZipRealty and other places online, you will probably agree that the average asking price per sq ft in Irvine is in the $400 - $425 per sq ft range. Going with this valuation, the current asking price on the 725 sq ft condo...