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<p>From my previous post about the OC price premium, some of you are skeptical that home prices will ever fall far enough to make living in Irvine tolerable again. I put together data from the 2000 census (see <a...

<p>trrenter,</p> <p>The 2.3 to 2.7 price premium for Irvine/OC would be appropriate IF there were either a "halo effect" from superstar wage jobs or incomes were much higher than the national average. As I documented in my original post, Irvine/OC household incomes are above the national...

<p>CK,</p> <p>You may be willing and have the means to pay a 100% price premium, but the median Irvine/OC household doesn't have the cash flow to do it, especially first-time home buyers. The only current residents, aside from quick-triggered flippers, who made out during this past bubble...

<p>Some recent comparables found on ZipRealty from another growing college town: Austin, TX</p> <p>4/3, 2139 sqft, built 2005, 78725 zip: $138K</p> <p>4/3, 2711 sqft, built 2004, 78747 zip: $165K</p> <p>4/3, 3170 sqft, built 1998, 78749 zip: $269K</p> <p>4/3, 3482 sqft, built 2002...

<p>Since many readers of this blog have an interest in living in Irvine and OC generally, what would you consider an acceptable cost premium of a typical residence over the average American home? According to the National Association of Realtors the median price of a single family home is now...

I am a scooter (think Yamaha) rider. How easy is one's ability to get around on a 49cc bike? Meaning does one have to worry about traffic more than normal.

<p>I know many on this blog commiserate about all the troubles befalling OC real estate (bankers, brokers, builders, agents, borrowers, et al), but it seems to me (as I mentioned in my previous post, I am thinking of moving to Irvine) that there is a great deal to like about living in and around...

For those who reside or have lived in Irvine, aside form real estate prices, how high is the cost of living? I'm coming from Long Island, NY (not Gold Coast area though) so should I expect the costs to be about the same or where do you notice extreme prices if any?