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Leverage is exactly why financed buyers come out ahead. If a home is 1m, if you were to put 10% down it would be 100k. Cash buyer would need 1m. 50% drop means you lose 500k for cash and you only lose 50k for the financed buyer. The financed buyer can use the 900k to invest in other assets. Oh...

Of course it does. I’ll be ready to buy.

I believe the rich Chinese people have been scarred by what Mao did. The government can do anything at anytime without notice. given that most laws needs to go through the house and senate, it’s more stable and reliable to park their money in the US.

I’m more pissed that they can openly say the seller is open to the transaction being paid in another currency outside of USD. I’m not even sure if that’s legal.

I would argue cash buyers are impacted far more than individuals that actually took a mortgage. 10% drop is the full 10% if bought in cash.

Money talks.

In fairness to the buyer, I guarantee that most of them don't even know the market or have never saw the home. They're relying on the agents to give them everything. And despite these homes being expensive to us, it's actually dirt cheap to Chinese investors. You'll never get anything close in...

builders going to pull all strings with these market conditions. create hype when there isn't any

yea but to be fair for new construction the buyers agent isn't doing much compared to a resale home

what's the property taxes going to be in terms of percentage?

We need to put those buying agents names here if they negotiated those deals.

Price is one thing, but the product I would argue is the root issue. 3M+ for a 3 story home. Does this tract even have driveways for these homes?

The house may already be burned down before you can add it. Example: Pacific Palisades & Eaton Fires

yea so it goes back to my point. what will Irvine pricing be in the near future if a significant amount of homes are considered a high fire hazard? will prices not grow as much? Or will it be down? Something to think about when buying in Irvine. Maybe it won’t matter because most of the owners...

It can cap at 10m or 100m. Question is will there be sufficient funds to cover?

I wonder if these homes in Irvine will continue to sell for the price they do when it comes to a point where insurance will not be covered by private companies and are relying on fair plan.

one thing is for sure, Trump is always looking at the markets. one odd thing is china markets barely dropped these past 5 days. 6%....very suspicious. edit: welp found out china government stepping in to support markets...

and there you go, markets rallying.

I've been BUYING aggressively.