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The problem with the 'good tenant' logic is that it's not entirely easy for the landlord to tell who the 'good' tenant who is going to stay for 3 years is. Unfortunately, every prospective tenant thinks they are a good tenant. Just having 'good credit and little debt' doesn't make it a...

Couple of points: 1) Properties that are in their initial lease up typically use bigger move in concessions because they need above average leasing to get the place full. Calypso, Main Street Village and Avalon are all in their initial lease up stage. 2) I think they call Main Street Village...

Bay Area is the biotech hotspot. South SF especially...around Genentech HQ and the new UCSF research campus in Mission Bay.

I was wondering what people thought regarding today's Champion's League final between Manchester United and Barcelona. Would a Man U win be better for Irvine home prices? I am nervous about what a Barcelona win would do to condo prices in Turtle Ridge:)

I would tend to agree with the general $600K house with a $450K mortgage under normal circumstances. But with interest rates at 5%, I think you can probably pretty comfortably handle a $700K house with a $560K mortgage. If that is the right thing to do is another question. Buying now would...

It is not that people are paying the $200 extra HOA per month so that they can have the security of living behind gates, they are paying $200 extra HOA per month so that they can tell people that they live behind gates.

I think the $1000 per month HOA is for 1 specific attached townhome project that had a bunch of extra/unnecessary services like concierege, etc. I think the typical Covenant Hills HOA is $400 per month. The rest of Ladera's HOA is $190 to $200 per month. So the extra fee for just being behind...

By the way, a lot of the lower end stuff is trading at rental parity now in Ladera. At least some of the numbers I have run seems like you could get some meaningful positive cash flow if you put 20% down. The price segment I have seen this at is the approximately 1300 to 1800 SF townhouses...

It would seem to me the markets and price segments that have fallen furthest probably have less room to fall. The markets that have not yet fallen as far, have further to fall. At least that is what I took from the posting from our new Irvine Housing Brokers.

Just had a quick thought I wanted to run by you guys. The entire bubble, and subsequent collapse of the bubble, was created on the demand side of the equation. Cheap financing, a soaring market, a bunch of speculators, etc caused demand to go way above where it should be. Then the collapse of...