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Toll Brothers has a new master planned community called Parkside in Lake Forest.  It's right next to the corner of the 241 toll road and Porola Parkway. https://www.tollbrothers.com/luxury-homes-for-sale/California/Parkside Three communities are planned: Lexington at Parkside: Priced from...

Did anyone go to the grand opening?  Pricing is out.  http://www.calatlantichomes.com/find-your-new-home/13-orange-county/7906-skyridge.html Residence 1:  Sq Ft: 2,808 - Starting from $1,088,934 Residence 2:  Sq Ft: 2,893 - Starting from $1,100,826 Residence 3:  Sq Ft: 3,282 - Starting from...

I actually think Redfin/Zillow is better than just looking at comps in cookie cutter tracts.  People just can't calculate prices for time on market, mortgage rates, general price appreciation, lot size, sqft, bedrooms, baths, etc...  better than Redfin/Zillow.  When most people look at comps...

I also think redfin bases estimates heavily on list prices.  If most homes sell for 5% off list price then I could one could always make estimates based on being 5% off list price and be quite accurate.  As for Zillow: http://www.zillow.com/zestimate/#acc It's more than 50% likely that a...

Wow Fontana is overpriced.  Down payment for the same home in Irvine buys the entire house cash in Fontana ;D.  https://www.redfin.com/CA/Fontana/5412-Turin-Way-92336/home/12145780

I don't think it matters that much if someone buys a three story at fair market value.  If three story sells for a 7% price per sqft discount to two story then it should sell for that same 7% discount down the road.  There's no gain or loss from buying a three story instead of two.

The problem with tri-level is that it's usually just for one room.  Having a third floor for just one room just doesn't feel right with the rest of the house.  It's like having a long hallway leading to one room.  If it's a 10k sqft house then a third floor makes a lot of sense.  Stairs are also...

What price would your condo be if it was bought in 2011 instead of 2016?  I think Zillow would be great to find this out.  All we can get is an estimate. http://www.zillow.com/irvine-ca/home-values/ According to Zillow the median sale price / sq ft for an Irvine condo in June 2016 was $427. ...

In a civil case you'd have to argue that it was due to the tenant's negligence.  The standard is that there was more than 50% chance that the tenant caused it to happen.  Courts seem to be tenant biased.  I don't think you have to fix it.  I think the landlord just has to keep the building in a...

I think the reserve requirement is for when a borrow suddenly loses a job or if their business starts failing right after getting the mortgage.  The banks are at most risk of losing ROI if the borrower defaults right after buying the home.  Home prices can dip a little during a recession and a...

Interest rates are low because investors think inflation will be low and the dollar strong.  German 10yr bunds are NEGATIVE right now so it's definitely possible US treasuries could go lower.  Prices have risen quickly because they dropped a lot from 2008 and because of low mortgage rates.  It's...

Yuck.  No wonder why they bought drapes.  There's about ten other neighboors who can see inside the house.  https://www.redfin.com/CA/Irvine/10-Petersburg-92620/home/4781545 The inside must be so bad that they won't let you see it until an offer is accepted.

Always get the bedroom if you want to increase resale value.  A room has to have a closet in order to count as a bedroom.  The closet can be used as storage for an office or other room. 

https://www.redfin.com/CA/Irvine/3059-Scholarship-92612/home/21935404 Selling for $667 sqft near bottom level with mostly views of palm trees.  HOA is $1,210.  What a total rip. Meanwhile there's two other units selling for the same PPS with great...

Each acre is 43,500 sqft so 28 acres is 1.2mil sqft.  It also seems to be approved for quite a few lots (I counted 27) where homes can be put on.  It would be like paying $388,000 for each lot.  However it looks like only a small portion of land is flat enough so it can actually have homes built...

I just found a new one.  Can't even really call it a home.  More like WTF for land.  It's so bad that they didn't take pictures inside.  https://www.redfin.com/CA/Irvine/14861-Gainford-Cir-92604/home/4669948 It even comes with a two story floor plan.  I'm sure that'll stick out in the...

Nobody cares about Brexit.  Brexit has a very small impact on corporate profits here.  S&P 500 has already been hitting new all time highs.  I doubt home sales above 4mm have stalled.  There's simply not enough data to conclude that.  If we look at Laguna Beach and Newport Beach I don't see...

I don't live in BR but very close by.  It's feels just like Irvine.  Everyone stays indoors with their window blinds shut.  Only thing missing is the Irvine schools. No problems with traffic.  405 South during rush hour isn't bumper to bumper until Lake Forest Dr.  I feel bad for those living...

I would get the electrical outlets if you plan on needing more because you could be paying more for having an electrician doing it for you.  Recess lighting is also very important and you'd be paying at least $250 for each with an electrician.  The cabinet above the toilet is really easy.  You...

I remember that one.  Hilarious.  Let's not forget that loft where there's three seperate TVs and a big black couch.  What are they going to do?  Watch three seperate movies? Supposedly all of the models have already sold and they are already on phase 4 for Crossings which is across Alton...