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Could you share what price range were you looking at where the houses were selling like hot cakes? I'm also curious about whether the allegedly upcoming flood of inventory is mostly concentrated in the low end, high end, spread evenly, etc. Yes, I know that in theory the events on the low...

I am not sure that prudent renters and savers are really benefiting. They are only hurting less than the first group. The way the government is handling this crisis, the only people that are truly a benefiting are bankrupt bank executives who are getting a free ride on the back of the...

You are right on the money, of course. However, there is non-tangible value too. I don't really like the prevailing architectural styles in Orange County. I prefer more modern architecture myself. That's the main reason I am considering this idea. And, yeah, I'm not crazy to buy right now...

Land Value 101 is a classic post! I searched the forums, but I didn't search the blog itself. I didn't realize it initially, but it makes perfect sense now, that the land value is more volatile than the finished product. Graphrix, I'd probably go for higher quality materials. At this...

Hmm, interesting. Thanks for the reply. $500/sqft seems really high though. I was thinking more in the range of putting, say, a 2500sq.ft. home on a 7000sq.ft. lot. $500/sqft could make that a non-starter. Also, it's not really clear how to value the new home premium. One could compare...

I've been watching house prices in Orange County for a while and I have some idea of what prices/sq.ft. are in different areas. But how do you assess prices of unbuilt lots? There are few lots available so there aren't a lot of samples to base an estimate on. I suppose one could...