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Well, the banks better get used to it because $550k price is still in the WTF price range in my eyes for a tiny 1750 sq/ft BOX. The correct non-bubble price for this Camelia tract should be at $437,500 - $450,000 range. That is the price we will see in Northwood II in 2010 and that is the price...

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OK. 2 it is. Sad Panda.

Bk, can i please ask 5 questions per week?

Exactly my question. Thanks acpme. Eva, "ouch" Panda felt that one.

4walls4me, Thanks for the tip. I will keep your advise in mind whenever i post. I agree that the post for "Your Profession for Irvine" was a very stupid way to gather information for vocational demographics in Irvine. One of the nice guys on this forum sent me the break down by industry...

Think of your question like a math formula. 12=3x is a good question while 12=bx5y2a3b4c7d is a bad question because the unknown variables are so dependent on each other so a million answers are possible. If you want to ask about ?12? then narrow down your equation to 6+x or 4x where your...

Believe me, I have been trying to the puzzle together piece by piece from different threads and different sites. There is no harm in asking for some help from the seniors is there?

GrewUpinIrvine, Thanks and I did not take it personally at all. I was indeed very excited to find this blog, and started to write everyday. Since my early 20s, I have loved and cherished Irvine as a wonderful place to live and wanted to see a blog like this ten years ago. Over time, you...

Opimusprime, I feel the anti-Panda sentiment. Is my "Bearish Attitude" affecting you personally? Do you own a SFR House in Northwood II? Guys, I did write the last post very quickly before i stepped out. My apologies for that. I admit that i am not very knowledgeable regarding the time...

optimusprime, can you explain to me what you mean by "Troll Like"?

Thanks for the valuable info morekaos, I thought that home prices went up from 1987 - 1990 and started to recover from 1996? Hmm I need to look into this. Those were the days you can pick a brand new Irvine SFR for $200k and a brand new SFR Newport Coast home in the $400k. I remember...

Mcdonna1980, This will all change. Buyers will refuse to pay anything near $710k for a 1700 square 3bed/2.5 bath house. Remember, home prices have also dropped quite a bit since November of 2007. Let's wait and see. I've got my eye on this property as well.

I am very interesting in finding out more about OC's last housing recession from 1990 - 1995. I was only in high school then so my knowledge was very limited regarding recessions. Few facts that i do know is that OC's job economy was heavily tied to the aerospace market. Between 1990 -...

http://money.cnn.com/2008/03/27/news/economy/irvine_subprime/index.htm?section=money_topstories

I can give you the comforting advice as CalGal gave you or the harsh reality advice that IPOP gave. Comforting advice: You don't lose the equity until you sell it. Hang tight, it may be a while, but the market will eventually recover. Just count your blessings, as it could of been worse ...

Bubblegum, Thanks a lot for the valuable info, I'm a stats freak myself. What you told me would totally make sense.. Take out all the U.C. Irvine students and i'm sure the median will go up to $101k range. Thanks for the clarification. After those industry links, I guess we don't need...

Graph, Are you sure on your number for median household income being just over $84,000? The stats on money magazine shows a median income of $101,564 for 2007. Which information is truly correct $84k or $101k? http://money.cnn.com/magazines/moneymag/bplive/2007/snapshots/PL0636770.html

It is time to celebrate! We are in the $400k territory for OC median home prices! YYAHHOOOO!!!!! Happy, Happy Panda!! Early May O.C. home price below $500,000 May 23rd, 2008, 9:23 am ? 86 Comments ? posted by Jon Lansner/O.C. Register columnist Fresh homebuying stats from DataQuick...