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SCHB - You seem to have done a lot of research and analysis into current market condition. In your prediction, when will new home price stabilize? By end of 2007?

SCHB - This is a little of-track from the rental topic but I know a liitle bit about Mericort which is similar to Decada. I blv first phase of Mericort started early 2005, plan4 was in the low $600k - which I think was a little lower than market value at the time - fairly common for initial...

SCHB- I thought partial release was always a common tactic. In booming time, it allows them to increase pricing on next release. In slowing market, it allows them to keep pace with demands. Most builders these days build in phases, I guess they must have learned from the 90s? It does seem like...

I received an email from Lyon that Phase 3 has been released last week with pricing starts from $609k on Plan2. I think Plan3 is now $648k. In the email, they're claiming 7 out of 10 available units has been reserved.

Dont know if I can really pin point what has changed just in the last 6 years that makes Irvine unique. But I think Irvine always have the potental to be a great city due to its central location in OC. People nowadays seems to be obsessed with good schools, safe cities, well-planned...

Housing market tends to be emotional and often unpreditable. That's why I think postponing your primary residence needs because you are afraid that price will drop may not be a wise decision. Especially so for buyers who can actually afford decent house in Irvine right now. If you can't afford...

If it hits $150-$160 per sqft in Irvine, then I agree it is a good time to purchase investment properties. But for CK and others who are buying primary residence, it can be painful to wait out this so-called bubble. You might end up waiting for longer than you think to get the price you...

You can probably say the same thing on the asking price for most resale home these days. They will never get that price. Seems that 10% price reduction is reasonable. I am just not as confident as some people in this blog that housing price in Irvine will go down much more than 10-15% than...

http://orangecounty.craigslist.org/apa/255520086.html I found this add in craiglist. La Casella Plan 2 for $3400 rent. Current price is $775 I blv? Maybe this would be a fair comparison?

crucialtaunt: the math doesnt seem to be a fair comparison to me. I am pretty sure the "townhome" CK is talking about is San Carlo Villa apartments. It is an older (15-20 years old) WestPark community. The unit is an attached 1300sqft 3 bed, 2.5 bath with detach 1-car garage. This is not...