Search results

You are holding this project to the standard that was expected five years ago.  You are correct that those lofty expectations will be hard to hit, but this will make a great alternative to renting from TIC at a place like the Village or the the Park. Any asset is attractive at the right price...

Good point on both... however more and more Gen Yers do not want kids and will never have kids.  Even if they have kids it won't be until they are in their 30's and will probably be fine living urban with one child... when you get to more than one then you might want to move to the burbs for the...

Bad location - I don't think so. Close to thousands of businesses in irvine. Close to freeway for a quick commute or quick access all over oc. Walking distance to many restaurants. Would be better if there was better retail however. Many studies show generation Y (the future of home buyers) want...

Exactly... It is attractive to a lot more people than you would expect.  However prices are still 10-20% too high right now. The cheapest units should go for about $300k if they insist on HOAs about $500 total.  Right now they are in the mid 300s. They have 2 options... cut the HOAs in half or...

How long until you think the prices get "ugly"? Cuz that is when I would like to buy here.

Looks like they are starting to lower prices.... the cheapest Belvedere plan just got lowered to $379k from $389k.  I did not notice a change in the others. I wonder if this is just the start of them realizing their prices are too high.

I am looking at some new homes that have a broker co-op agreement with someone I know.  My question is what is the typical percentage for a broker co-op?  The normal 3% or something less than that?

I do think 2011 will be better than 2010, but most of that will come in the later half as the foreclosure moritorium is lifted in the first half.  Plus jobs growth will be gradual and weighted to the second half of the year.

Does anyone have any info on the number of phases that have been released at the Belvedere?  And how many there will be and over what period of time that might be?

I dont think school district will be a major factor in price for this development.  The people that want to live there will be retirees and local business people.  Incomes will be the primary driver to price appreciation.  If you want a good school, you are more likely to have a family and would...

Good points

See I agree with that... urban communities are the future, not urban sprawl.  That being said, I am not going to pay outrageous prices that do not reflect fundamentals.  $550 HOA dues are pretty outrageous!  I understand the $150 plan HOA for the pool and gym and locker room etc, but $400 for...

Because it will be leveraged money.  Plus a diversifier as I have a lot of my savings tied to the stock market.  I am a big believer in not putting all your assets into one asset class.  I would like to spread it around. Obviously the numbers must work out, but with HOAs at $550 a month it...

Its not bad if you are building equity and you are bullish on housing and the location of the place.  10 years from now, that deficit should become cash flow positive. On the $389k property I figured it out and the monthly outgo would be about $3,200 a month.  And similar properties are renting...

Well I live at the village now which is right next to the spectrum and I love being able to walk to the spectrum and we have a grocery store, starbucks and cleaners within the complex.  I love that feature and was thinking CPW will be the closest thing to that replicating my current situation...

I know the urbanality of it is weak now, but I am assuming when CPW is fully built out they will have commercial spaces that have some pretty good stores.  I know they do not plan to have those bulit for a few years though, which is disappointing.

My main motivation is that I like the urban lifestyle that CPW offers.  There are definitely drawbacks on price, but I do not expect to make money as a rental soon, but I also don't want to eat $1000 month if I rent it out.  I can handle eating $200-300 a month.  Any ideas of an alternative...

After compiling the numbers it seems like even on the cheapest place with 10% down my total monthly outgo would be close to $3,200 which I think I could do, but is not something I am willing to do.  I would not buy there if my monthly outgo was over $3,000. I am a partner at an investment firm...

So do you think 1.6% or 1.8% is more realistic?

Thanks you.  This is an example of a great post.  I like how you broke it down.  From the looks of it I am only going to be able to afford the lower priced one. I have a question though, how do you come up with the 1.8% tax rate?  My best friend just bought in Woodbury East and is paying 1.6%. ...