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I think some people, in their head, are thinking this might mean down 15% from early 2021 prices. They're not remembering just how absolutely bonkers it got for a brief moment in early 2022. 15% from that insane peak isn't outrageous.

I mean, maybe? If I can get Treasury bonds for 4% and a loan for 4.5% then I should probably not pay cash?

Maybe it's good I didn't take out a HELOC. I guess I'll just be paying cash to redo my backyard now?

please define terms for shit talking.  Are you talking about comparably priced or median priced, are we talking absolute dollars or percentage for putting 20% or what?  Also, where do you live?

I think places in my neighborhood are down about 15% from the very very peak.  It's hard to say because the super upgraded stuff fetched absurd prices and I mainly see investors trying to sell barebones stuff, but even stilll, maybe 10% is a conservative estimate.

So, I realize taste is subjective but come on, that is a fugly kitchen right?  8.8 mil wtf?  How in the world can anyone compare this with the ~9 M properties in Shady Canyon and think "yeah that looks like the right price".

?  Portola Springs is five minutes away from the Great Park, The Meadows in Lake Forest is maybe 8 minutes...

Checked out the models of Evergreen this weekend with the family.  Very nicely done, you can see Toll Bros. have learned from Baker Ranch and improved in small ways.  The homes are even closer to the sidewalk with almost no front yard but don't feel *too* close or cramped.  All the models have...

What you don't realize is that all those companies interviewed everyone from San Jose State as well.  It has to do with proximity and not pedigree.  Honestly I don't think anyone thinks of a CS or EE degree from Yale or Brown as better than a UC, especially these days.  Ivy's are for asian...

For the delta between Lake Forest and Irvine prices (especially GP with mello roos) you could likely hire a graduate math student to tutor your kid four days a week, no?

I am an economic expert and I bought in early 2009 and late 2020 so....  ;D

Do people not like the L shaped setup? The 'one giant long greatroom' (that has kitchen, dining, and living all in one rectangle) doesn't look as nice and is pretty noisy. I think the L shape is a great compromise between the tiny rooms I grew up in (separate living/dining/family...

Do rich people not like shade anymore? I see all these fancy done backyards and there are never mature trees or anything to provide shade.  Definitely weird to me.  Maybe it's just mainlanders who are doing fancy backyards for 'show' but never actually spend time out there?  You spend 300k on...

That's a great floorplan.  I almost bought it in Portola Springs.  It's very similar to where I'm at in Lake Forest (Terraces) except I got the spiral staircase and all the dimensions are bigger. 

My townhouse I bought in 2009 for ~450k sold for $650k in 2007.  Now, I got it on a short sale and it was trashed at the time, so definitely not typical, but still at least one example of a pretty drastic crash. 

Taycan?

Tesla denied me solar panels because my roof is spanish tile.  Is that true that they won't do spanish tile?  Am I wrong that my roof is (likely) spanish tile?

That area of Irvine/Tustin always had too much retail.  Restaurants were constantly opening and closing and never busy enough.  I liked a place called Bone Fish but it was never crowded.  Another good one was Champagne Bakery, couldn't do enough business either.  And now there's an empty...

A lot of the reported "hiring freezes" aren't freezes, they're reallocation of headcount, they're a "freeze" in some departments and slowing growth in others, etc.  Even Meta is unfreezing at this point, though they are going to be hiring slower.  Still allowing remote from what I've heard.  G...

If you want good pools come to  Baker Ranch.  A couple miles away and nicer pools that are much less crowded.