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https://www.zillow.com/mortgage-calculator/house-affordability/ You can't afford anything near 300k.  You can only afford up to 225k in Irvine assuming no monthly debts such as CC or car payments, 1.05% prop tax, and 43% DTI.  I would try going south such as Laguna Hills.  Median income in...

I've seen it happen a few times in the Westminster/Garden Grove area.  I guess businesses don't let people use bathrooms in east asia and assume it's the same here?

Nobody is going to do anything since it's so widespread.  It may be that the appraiser took measurements from exterior of the home and just made incorrect calculations.  I can't see how an appraiser could be over 200 sqft off from the builder for gross living area.  The builder has to have...

90% of real estate agents don't have a clue.  You can become one after just 135 hours of education and passing a test.  I've asked real estate agents how much square footage a home was during an open house or what the mello roos were and only half actually knew.  Successful real estate agents...

I don't like it for a few reasons: 1.  Point benefits from home appreciation so why in the world would you remodel?  It's effectively a 20% penalty for remodeling vs a mortgage.  2.  You can already get a 2nd mortgage at a low fixed rate to unlock equity.  Point still does underwriting. 3. ...

New homes come with warranty so even if something is wrong you're supposed to be covered.  There's not much you can check for.  I guess you can check for massive cracks in the joist and make sure there's more than two nails nailing down the plywood on a 2nd floor to the joists to avoid squeaking...

Wow the demand for cheap Irvine 2-3 bedrooms is really strong.  Probably due to a bunch of 1st time home buyers looking for something affordable in Irvine.

Obsidian has an elevator?  ??? IMHO I would only take the elevator to go from floor one to floor three.  Then there's waiting for the elevator and the doors to open.  I would've preferred empty space instead of the elevator or bigger bathroom etc...  The elevator seems to take up a lot of...

I wouldn't call homes an investment.  I would call them a necessity.  If someone doesn't own a home then they're likely going to be renting.  Now the question is whether it's better to buy or rent a home.  It all depends on lots of factors such as how long they'll be staying at the home.  What...

We don't know if they're going to cash out.  For all we know there might be more foreign cash buyers in the future and this seems more likely to happen.  China is increasing in GDP every year and so it's citizens will able to buy even more homes in the future.  You might argue that inventory is...

No because inventory is low, Irvine is booming economically, commercial lease vacancy rates are at 20 year lows, undeveloped land is running low, rents have been posting strong gains, borrowers qualify for loans (no stated income loans), interest rates are low, foreclosures hitting lows, etc... ...

I've seen articles showing how home prices are now approaching 2006 levels and some have even gone past but that doesn't mean home prices are overvalued.  This article from Corelogic seems to put it to rest...

Ok another update.  I just went on Redfin, set parameters to 550k - 1.75mil and built before 2014 then clicked on the download all button on the bottom right.  Out of 469 listings, 43 of them had the square footage ending in "00" as if they were rounded to the nearest hundred.

I decided to check just how much possible sqft exaggeration is out there and the results are shocking.  The first two I checked had huge differences in sqft so I decided to check more. Just a few examples: https://www.redfin.com/CA/Irvine/27-Sonrisa-92620/home/4785645  - listed at 3,500 Sq. Ft...

Half of the listings exaggerate the sqft by at least 10%.  Everyone talks about how homes have been getting bigger and bigger now you know why. ;D I wouldn't buy a home unless you bring a tape measure and measured every room or if you know the model of the home.

No they don't.  I believe homeowners insurance does not cover earthquakes so people don't bother.  Termites would be a waste of money.  The loses typically aren't catastrophic.  The whole point of insurance is to be able to pay for something without taking a huge financial loss and going...

I'd go with the 123 lot over 30k of upgrades.  I know what it's like to live in a cramped lot with no privacy.  At night your neighbors are able to see right inside your house.  Also nobody likes the view of a wall that's six feet away from a window.  I'd rather see some scenery when I look...

I'm not an expert but it just looks like some extra concrete made it past the wooden perimeter or something hit it while the concrete was curing.  Seems like a cosmetic issue.

"US new home sales race to near 9-year high in July" "The Commerce Department said on Tuesday new home sales surged 12.4 percent to a seasonally adjusted annual rate of 654,000 units last month, the highest level since October 2007."...

Actually it's a different community. Parkside - http://lakeforestca.gov/758/Location Portola Center - http://lakeforestca.gov/232/Location