This guy is like Gary Watts. His prediction is right once and wrong once. So it's even. I beleive the intention of his predictionis to sell his book. I mean he could be right or he could be wrong. 50% chance,
$700K is not cheap but it's not outrageously over price either. When I came down in 2004 from NorCal, similar house in Fullerton was going for $600K(Sunny Hills high school).
The model is on sale.
Residence 3C
Homesite 53
Single Family Estate Home
Signature Collection
Approx. 4,279 Sq. Ft.
5 Bedrooms, 4.5 Baths
3-Car Tandem Garage
? Upgraded kitchen with island, granite
countertops and Jen Air stainless steel...
Prices have been falling, sorry I have been memorizing Irvine prices for the last 5 years, I should know. It's the Schiller index that Ipoplaya calculated that are not down.
Who's going to give us trading tips when black_vault goes back to work?
The market is dropping 300+ as of I'm typing.
EDIT. It's down 400 point as I type.