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...had me crackin' up with that one.  :) But yeah, I get what you're sayin' (I read your other post on that yesterday).

I wonder this too. We are all focused on Irvine, but what is happening in the rest of Orange County? If this gravy train TIC sees is real, why aren't developers snatching up land all over OC and throwing up competitive developments, undercutting Irvine on sale prices and skimming off some gravy...

I rent in Woodbury and I've noticed several earth movers just recently parked down by the farm fields on the side of Sand Canyon at the 5 Freeway. Makes me wonder if all of that land is about to be graded as well.

Reminds me of David Lereah....hmmm... And who was that other guy that was in the OC Register all the time holding a crystal ball as the "housing prophet" that the OCR kept bowing down to as the last word on house price predictions, right before his prediction and reality parted ways...

This is like a reporter from Used Cars World News asking a used car lot owner how he feels about the used cars he is selling. I have problems with all of the following: "Slow but steady job growth." "Final clearing of the distressed housing market." "Housing shortage." "Low interest rates."...

Stumbled on this, and I have not had time to review all of it yet...but some interesting graphs... http://www.bis.org/publ/work312.pdf?frames=0  June, 2010 Page five shows the top four savings rate countries to be China, India, Japan and Korea, with the U.S. coming in dead last at #14. I feel...

Good point. Yep...if the pool is diversified like that...that is a good point.  *head scratching* I mean...at that point...I'd have to tighten the noose to the point of some data analysis that said "this" or "that" nationality of Asian that tends to have all cash is buying in Irvine at $900K...

Completely agree. But if there are 10,000 people that can only afford a specific style of home at $250k and 10 people that can afford the same homes at $500k then that makes the 11th home and every home after that, worth $250k. Since I don't think this cash-buyer pool is limitless, I'm curious...

I definitely think there is something fundamentally attractive about Irvine, I mean, it is nice to live here...I get that. But something else I've been considering is a theory I jokingly call, "a crowd draws a crowd." Like at the checkout line when one lane is empty and the other has 20 people...

I think the variable I didn't include would be...that 1,000 year mortgages were only available to home buyers for...let's say...a year. So once all those readjusted homes had buyers using these 1,000 year mortgages.... ....who would they sell to now that 1,000 year mortgages were no longer...

I'm thinking that was sorta the mantra that was spoken a lot when the housing bubble was full rip. It wasn't the creative financing that was keeping home prices elevated (stratospherically) it was the demand and desire for home ownership, etc... As it turned out, if you make something...

IF...this all-cash buying/downpaying is keeping Irvine home prices elevated in comparison to surrounding cities (as someone on this thread suggested)...can an assumption be made that... 1) Irvine is sort of creating its own mini housing-bubble? 2) And if so...that whenever this all sorts out...

I agree. Wouldn't that also support my theory that there is a substantial amount of cash down payments being made? I mentioned that the "need" to make cash down payments was largely because that is what it would take to make a home affordable. So if someone can put down $500,000 on a $600,000...

I did say the specific class of Asians I was describing are ambitious, but I did not say gamblers. I know it takes a lot for someone from another country to come here. It's not cheap, for one. It's a completely different language and culture, for another. In my mind, I see it like this: Let's...

Asians do in fact have higher FICO scores and are more likely to qualify for a mortgage loan than whites, blacks or Latinos. Again, not saying this is a bad thing; it just is what it is. We don't hear about it in the media much because it has no political value. Asian-Americans are too small a...

Well, we've chosen to attribute the positive attributes (and negative) of a particular culture/ethnicity/religion to the word "stereotype" which we then demonize (as a word). To me, it was a great political move. Take something positive that a group of people is known for, relabel it as a...

Just to clarify a few of my points... The difference I am drawing between #3 and #5 is that #5 are Asians who reside in Asia, buying cash flow investment property here in Irvine versus #3, which are Asians living here in Orange County who are planning to make this home their primary residence...

Married in 2006, my wife and I have been riding out the housing bubble, and the bursting, in an Irvine apartment rental. We've been touring models since 2005 comparing price sheets collected from dozens and dozens of places over the past several years and it's always been interesting to watch...