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they probably are the best selling in portola if they sold one. something must be up with portola...other builds have been able to reduce their prices while all the builds in portolas have barley budged if at all.

wow really it's still priced at 699k? It use to be 679k. kb homes hasn't reduced any of their prices in almost a year.

it's 125% above the median home price in the area with a cap of 725k. it'll bring more business for mortgage companies since people with private equity loans can now refinance into one loan with a lower interest(assuming they meet the other requirements).

the detached one will cost more in the long run in terms of selling price. The HOA is lower and you actually own the land the building sits on. Also, when you get your mortgage, you'll get a lower rate with a detached unit than an attached unit.

doubtful. they are the slowest to reduce prices. Does anyone know the current pricing and incentives? if the first residence is 664k with no incentive than prices havent changed since last April.

the prices actually hasnt dropped. when i saw prices last May they were, 580k, 600k, 620k, 640k(without options) with 10 k to financing. is that girls salesperson still there? She was the most rude home salesperson i've ever met.

i wouldn't pay more than 500k for lantana. seriously look at the history of prices for houses in irvine with similiar specficiations. It'll probably won't get there since there is only one phase left but I'm sure places like the gables(lennar) will fall closer to those numbers in the next few...

lantana will probably sell out before it hits to the low 600s but it's going to have a ways to fall. Just look at the history for the homes similiar to these homes that are like 3-5 years old. The prices are in the 300s and 400s. Take the fact mello roos and hoa are lower too and the houses...

<p><a href="http://biz.yahoo.com/ap/071116/homebuilders_price_cuts.html?.v=1">http://biz.yahoo.com/ap/071116/homebuilders_price_cuts.html?.v=1</a></p>

Lantana is one of the more heavily discounted builds at the moment. I don't know why exactly considering kensington court down the street(lyon homes also), is not budging at all and they're in their final phase. EIther way, none of them are really selling since only 10% of the population can...

that's why you don't short and you use options.

yeah i got that incentive the 120k. i'm sure you could get more if you were really serious to buy. the other houses i got them up to 100k, but im still not going to go out and buy one. they require 20% down to go stated or 10% full doc at the moment which i'm sure most people won't be able to...

watch some mad money with jim cramer on cnbc. Pick up his book while you're at it. It's basically a crash course. here are some websites that have a lot of good info, finance.yahoo.com, thestreet.com, fool.com, cnnmoney.com

actually, the plan 1 is not sub 700s but you have to qualify for it before they give you that price. If programs continue to require 20% down, then I would say these houses will fall into the 5s. Not to say people won't buy them before then. So...if Lantana starts selling below 700k, then...

<p>IrvineRenter, I hope you're right. It'll finally bring down prices to a point where it actually makes financial sense.</p>

if standards stay this strict where they expect 10% down full documentation, or 20% down stated....do you think the average loan will fall at around the jumbo loan threshold?

<p>100 k off all those houses, 120k off all the houses on water lily(backside is toward the creek). it's really confusing but you can take up to a certain amount of the house as long as the incentive applied to the price is lower then 6% of the final price. so if the house is 800k and you...

if loan requirements continue to be tight, then I think the prices will come down to the high 500, low 600s. How many people actually have $120k to put in for a downpayment..

also, they're a lot more strict with their loans. you need 20 % to go stated, so it's more reason to wait and let the prices fall.

i went by this past weekend and they gave me a 120 k incentive. the lame part is they only allow you to apply 6% off the price of the home. the price is only to continue to drop. It's been 4 weeks and they still have the same 14 homes on the block for sale.