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soft landing?

Inventory is up 213% YoY from June in the entire Southern California region, and sales are down almost 15%. A flood of inventory is about to hit the market, as speculators realize "the greater fool" can no longer afford the lower end. I'm not talking specifically about Irvine lower end, but it...

Probably going to start seeing a lot more articles like this. https://www.scmp.com/business/companies/article/2156213/bond-default-triggers-sale-chinese-oligarchs-manhattan-pad-wan

Sales down 20% YoY in So Cal Inventory up 213% YoY in So Cal Global luxury RE is slowing down everywhere. Definitely in a bubble, with price declines just starting. I think Northpark would be a much better choice than GP or PS.

Let's all stamp our feet on the ground in a fit of rage for 2 minutes please

I'll take the one without a driveway or patio for 900K please. BBQ'ing will take some effort, but maybe this will catch on as a trend in Irvine

They never though Sydney prices would decline... https://www.youtube.com/watch?v=zqXjP4PG_k8&feature=youtu.be

Dec 17 - "Another year of double digit appreciation in 2018  ;D" Feb 18 - "5% appreciation max" Apr 18 - "Home prices will remain flat for the forseeable future" Jun 18 - "Prices might drop a little, but you're in it for the long-run right?" Jul 18 - "10% correction max...in 20 years you'll...

The smurfs will buy after being told this is an ocean property in California ;D

That is absurd. I hope it was Lobster Bisque at that price.

It is a strange phenomenon, but watching spikes like this, it's clear very big money is involved. 1 hour candle....but the price spike actually took place in a few minutes this morning. BTW, this "call" about BTC dying is not a new thing. Add this thread to the growing list of obituaries over...

Looking at major metropolitan housing bubbles (Toronto, NYC, Sydney) that money better come in quick to plug the holes.

Yes, a lot of money was made, and is still being made in cryptocurrency volatility trading. Profits will be taken in RE as well....just as it's always been the case. You may be right, but I wouldn't put money on it. Toronto, London, NYC, Sydney...all experiencing declines, with big cracks.

The top is definitely in.....any minor price increases this year is just the blow-off top. Not expecting Irvine to crash, but there will be a downturn. http://www.nreionline.com/finance-investment/are-chinese-shifting-real-estate-buyers-sellers This is not Toronto or Vancouver...this is Irvine...

The inflation is already here, and has been the last 5 years. Insurance, medical, education, housing, utilities, etc. etc. Now comes the debt bust, and deflationary trend. If they reverse QE and the rate hikes, then I agree, but doesn't look to be the case...

if you're a trader, you're loving the volatility. if not....time to sell. i'm sure there are "investors" in japan still waiting for Nikkei 40k again :D

Prey tell... is that we're at the end of a credit super-cycle. All done...game over. Move over to crypto trading if you want deep liquidity and a clean slate.

The trade war is a symptom of the sickness, not the cause. You need to expand outwards a little more  :o

Good luck traders...now is the time to make money. I'm out.

Another lucky buying opportunity fellow Irvine residents!