Search results

I am not finding any articles regarding this move, I wonder if it is slow to catch on in the media because there were no announcements? In any case, this will affect some markets more than others. SoCal will be impacted quite a bit since non-Jumbo loans are few and far in between with the high...

I just received the new forecast by Gary Watts from a realtor, but I couldn't open it. Does anyone have access to it? I want to see what this fortune teller's crystal ball is spewing this time around.

<p>Whynot,</p> <p>So have you looked around for a $500K 3br in Irvine? They'll be pretty tough to come by these days. By my calculations, the Interest, tax, insurance, and HOA (assume $250) minus tax deductions should run you around $2400/mo. for a $500K place. Keep in mind that this does...

<p>"Would this be a wise investment to secure a place long term for my business since I am throwing away my rent each month?"</p> <p>BK, I would say no, it is not a wise investment. As a business that is presumed to grow, you will likely grow out of that place in the near future. Unless, of...

Is there a compelling reason you would want to buy an office for your company rather than rent? You would want to do a cost of capital calc, but I would think renting would have a higher NPV except for very long scenarios. But you could do a scenario where you would sell the place after some...

A very common theme from the housing bulls are that they bought 4-6 years ago, made tons of money, and the bears are losers because they didn’t get in. It’s a very easy way to shoot down the bears, but a bit misguided. I think many in this and other forums/blogs agree that it was the right time...

<p>Currently reading One Billion Customers by Jame McGregor, and picking through Encyclopedia of World Religion</p> <p> </p>

Hmm... I'm from Vegas and I have no intention of going back. I love SoCal, and as much as I miss my friends and some aspects of Vegas (including the price), I just can't take the heat anymore. And it's not like I hated Vegas when I was growing up there, I actually loved it and still like it...

"What's for sure is that Irvine will always be in demand" I think that depends on how you would define “demand”. If you define demand as the DESIRE to purchase a product, what you say would be true, Irvine or a place like it is in great demand. That would be like saying a Ferrari is in more...

I would have to disagree there IR, I don’t think you should discount the expected appreciation of a real estate investment any less than you would for any other investment instrument. The nominal rate of expected return for any investment instrument includes all factors of gains including...

<p>"what is your take on the influx of an additional 200,000 residents to Irvine?"</p> <p>Huh? According to U.S. Census, there were less than 600,000 in population growth in the entire greater L.A. area over the past 6 years. That is less than 100,000 per year for the entire area. Where are...

<p>*Big, ceiling level windows in the some rooms (den, mbr, etc.)</p> <p>*Inside, downstairs laundry</p> <p>*No living and dining rooms, a bedroom and den downstairs instead. LR/DR are waste of rooms.</p> <p>*Since no LR/DR, need a breakfast area & family room</p> <p>*Loft upstairs</p>...

Then why is the median income $85K? Your income range are true for some families, but not for most. If what you say is true, the median income would be much higher than $85K, no? Bottom line, I probably make income similar (or more) to two school teachers, and I can't afford a 3000sf home in...

"Orange County, the 37-year average comes to 14.9% yearly!" Something’s not right with his numbers. HPI data shows that OC appreciated at 8.7% annual rate for the past 32 years, when they began tracking these. I’m not sure where he is getting his numbers, but if he’s claim of 14.9% annual...

"The truth of the matter is prices do not necessarily have to drop to match income. If you have to buy in LA, you will only wish it has the same housing cost in Irvine." Well NIR, that’s kind of comparing apples to oranges. If you’re going to look at IE home prices, you need to look at IE...

"I have an idea, why not buy IE homes at 50% less of Irvine's now" Because IE homes at 50% of Irvine’s prices are overpriced. The point isn’t that I would buy a home at an absolute price, it is that I would pay the right price for the right home in the right location. $1M for a standard...

<p>"although the uptrend and downtrend are easy to see, the actual tops and bottoms elude me"</p> <p>You're not alone, if any of us could see that, we'd be billionaires by now...</p> <p>I did buy in 2001, not because I thought the market was going to boom, but because I wanted to, and could...

Yes. I second IR, it's just simple economics. Rent and mortgage would be pretty closely aligned at that point and it makes more sense for me to buy. Also, the homes that I would want to stay in for the long-term would be within my price range at that point. Combine the two, and I'm buying...

Hi folks, I used a different approach, and got some interesting results. I used HPI’s price index, and grew it by two rates; first is the average rate of appreciation before the run up began in earnest (I used 2Q2002), and second is the lowest average annual appreciation rate at any one...

<p>IR,</p> <p>So you would be willing to pay PMI? 1/2 year down on 3-3.5 price is only 15-18%. </p> <p>For me, 20-25% down and 25% monthly gross income would be ideal, but up to 30% income is okay. That's for a 30-yr fixed.</p>