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  1. Joe33_IHB

    Ladera Ranch Discussion Thread

    How is the overal convenience factor? For instance, getting to nearby restaurants, coffee shops, dry cleaners, dare I ask, bars? The thing I'm afraid I'd miss moving away from irvine is beign walking distance to two shopping centers filled with sit down and fast food, two grocery stores...
  2. Joe33_IHB

    Ladera Ranch Discussion Thread

    Hmm. Maybe my place just faces the right direction. Or maybe it blows more just over the hill in the canyon/corridor where coto is and where the toll road was supposed to go. In all honesty I don't think it's much of an issue. The power lines and the commute are bigger issues.
  3. Joe33_IHB

    Ladera Ranch Discussion Thread

    I have no idea where you came up with that wind comment. I live in Ladera, work in Irvine. It seems windier in Irvine. I have never even noticed the sound of the wind. On a positive note about Ladera amongst everybody else's sea of negative here, I do think they have done a good job of...
  4. Joe33_IHB

    Why are rent going down?

    The main determining factors for rents are supply of total housing and jobs. Supply of all new housing is pretty tame right now, but jobs are declining. A declining job base will result in declining rents. When the job base starts to expand again, rents will start to increase. I don't...
  5. Joe33_IHB

    Anyone been watching the Towering Inferno at Marquee Place?

    At the prices people paid and with the high HOA, I bet they negative cash flow $2000 to $3000 per month on a rental.
  6. Joe33_IHB

    Anyone been watching the Towering Inferno at Marquee Place?

    Nude, At bubble inflated pricing they worked all day long.....Bosa made a bunch of money on their first 2 towers...i think Opus made a bunch of money on their first two Plaza towers. The developers thought the bubble pricing was here to stay. It didn't help that Bosa let investors buy...
  7. Joe33_IHB

    Anyone been watching the Towering Inferno at Marquee Place?

    Bix, Financing an empty building would be extremely difficult. It would likely have to be sold to an institutional investor who was willing to just pay all cash. They could finance it after they completed the lease up. They could try to get some type of interim bridge financing to...
  8. Joe33_IHB

    Anyone been watching the Towering Inferno at Marquee Place?

    Caraway....OK, I will give you that a sovereign fund may come in and do something unusual. I guess I am commenting based on the traditional US based institutional investment world.....which have been the only buyers in the last several years. Certainly the world is changing. I have not...
  9. Joe33_IHB

    Anyone been watching the Towering Inferno at Marquee Place?

    O / A does not ring a bell. As for EQR or any other reit buying, I doubt it. Right now the reit's are primarily on the sidelines do to the decline in their stock. A couple of them are shopping around (udr and aimco) but that is only because they have exchange dollars from exiting some...
  10. Joe33_IHB

    Anyone been watching the Towering Inferno at Marquee Place?

    <p>I am not a broker. I am an investor. I don't think Astoria is formally listed yet so I probably shouldn't say who is shopping it around.</p> <p>A Town is on hold and I would be shocked to really ever see it done in it's current form. That will have to wait until the next cycle. And even...
  11. Joe33_IHB

    Anyone been watching the Towering Inferno at Marquee Place?

    Inside info. But it is not rumor.
  12. Joe33_IHB

    Anyone been watching the Towering Inferno at Marquee Place?

    I thought you all would be interested to hear - Lennar and Intergulf are now officially shopping the Astoria building for sale. They are looking for an apartment investor to take it off their hands for $800K per unit (which is about their cost). Problem is that it is worth way less than that...
  13. Joe33_IHB

    Anyone familiar with this builder? Shapell? S & S Construction?

    I lived in a Shapell house for over 20 years up in NorCal (San Ramon). My parents still live in a Shapell house. I always loved the house and the neighborhood. Their NorCal division is more innovative than their SoCal division. Floorplans up there use many of the same architects that the...
  14. Joe33_IHB

    First Vacation to Hawaii

    For nature I would definitely say Kauai. The Princeville area is spectacular. A little remote, in the middle of the jungle, waterfalls, etc. Maui is more resort/tourist oriented than Kauai.
  15. Joe33_IHB

    Any academically focused preschools in Irvine?

    FWIW, a child psychologist we talked to said the academic focused pre-schools do more harm than good by creating a stressful environment for a kid that is too young to handle it. Not trying to start any big debate here.
  16. Joe33_IHB

    Increasing the jumbo mortgage limit

    <p>On a $700,000 loan, lowering the interest rate would save $583 per month in interest.</p> <p>Personally I am thrilled about it. I have a $530K loan that is set to adjust in September 2009 at 5.375%. If I can get the conforming rate then I can re-finance into a 30 year at about the same...
  17. Joe33_IHB

    The Fed Flinches

    I am just not terribly worried about inflation right now. I think that despite the rate cuts there is a massive decrease in global liquidity going on right now. The credit crunch is causing debt and equity financing for all types of new investment to disappear. The problem for the Fed is that...
  18. Joe33_IHB

    Local Apartment Investment Firm Files for BK

    <p>Article here:</p> <p><a href="http://www.globest.com/news/1076_1076/orangecounty/167572-1.html">http://www.globest.com/news/1076_1076/orangecounty/167572-1.html</a></p> <p>They are based in Irvine but it looks like most of their investments were not in California.</p>
  19. Joe33_IHB

    Dream Vacations

    Irvine Commuter - that pic is the hotel we stayed at for the honeymoon - bora bora pearl resort. I couldn't recommend it any higher. We went around the whole island and I liked that location the best. It is out on the reef so the views are all back towards the island across the lagoon...
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