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Prices go down if inventory goes up. I used to sell my used college textbooks on half.com and I'd typically price my textbooks for 0.01 less than the cheapest listing in my quality category. If more books were listed before mine sold, prices went even lower. But if my book and the other cheapest...

I have friends that thought this way after the huge run-up in 2013-14. Now they wish they had bought in 2013... I tried to time the stock market and missed out on huge gains. I've done very sell in life accidentally timing things (selling stocks because I needed the cash, buying a home because...

Rates have been in the 3.5% - 4.5% range since 2010. Even buyers that got stuck paying 5% can refi into a 4.25% rate. https://fred.stlouisfed.org/graph/?g=NUh

Almost every new development has oddball lots that are large. There is generally a lot premium. I would work with a broker who has been to a lot of the developments and had a good pulse on which ones still have premium lots available.

Even if home prices dip 10% at some point, selling my home and then buying the dip won't help since transaction+moving costs are around 10% Prices WILL dip during the next recession. Particularly the gaps will widen between highly desirable properties and less desirable. If you nervous about...

It's not. Interesting from the article: Honest question: How much land is available for development within a 20-30 minute commute from Amazon and Microsoft compared to 20-30mins from JWA and the Spectrum? One reason Irvine prices are expected to remain stable is that we're running out of land...

Zillow mortgage has helped me find good loans.

Lakes cannot afford all four. Best case scenario is three out of the four.

https://www.cnbc.com/2018/06/25/morgan-stanley-says-rates-are-done-going-higher.html?__source=yahoo%7Cfinance%7Cheadline%7Cstory%7C&par=yahoo&yptr=yahoo

Congrats! You had first posted that "The ones which are they are not too big and/or not very desirable". I hope you found a home that was desirable. Sadly, $1,000,000 doesn't buy dream homes around here. Even $2,000,000 doesn't. Dream homes are starting at $2,500,000+...

Some of the money that flees the stock market goes somewhere. The rest of the money that was left in the stock market evaporates into thin air when the stock market goes down significantly.

Keystone is great.. at taking our money and putting it in their own pockets.

Mello-roos will not exceed $2,500/yr.

Agreed. But with building only a few dozen homes, IP doesn't need a lot of suckers to sign the dotted line.

Thank you for sharing. How does Barcelona compare to buying Sheldon back in 2015? (http://www.talkirvine.com/index.php/topic,12822.msg262029.html#msg262029). Have you been renting for years?

I thought you were the one that brought up the $1.0M GP home. While the location of Barcelona is nice, I think it's way too expensive. Given the very limited supply, I'm sure they'll have no problem selling them. Personally, if I were to spend $1.6M on a home (after upgrades, landscaping...

Paying another $400,000 for the home will cost you $80,000 now in downpayment, plus a lot more once you pay it off in 30 years: $80,000 downpayment would be worth $800,000 in 30 years at 8% annual compounding in the stock market. A 30yr mortgage at 4.5% interest will cost you a 82.5% in total...

DETACHED 435/ft - 13 days to contracthttps://www.redfin.com/CA/Irvine/35-Sacred-Path-92618/home/45383174 469/ft - 13 days to contracthttps://www.redfin.com/CA/Irvine/59-Bell-Chime-92618/home/12256424 507/ft SITTINGhttps://www.redfin.com/CA/Irvine/128-Yellow-Pne-92618/home/112721813 538/ft...

It's pretty simple - homes that are over priced, have poor pictures, etc. can be slow to sell. Otherwise homes under $1million are flying in to escrow. I'll post examples.

The marketing campaign is a waste of money. If Tustin, Costa Mesa, Lake Forest, etc. then launch their own campaigns, citizens all shop a little more in their own city and every city is poorer for wasting money on marketing. An interesting fact: - If you purchase a car from an Irvine auto...