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Interestingly all new homes (stonegate/laguna altura) are being developed by irvine pacific. I guess for 2010 collection they kept the land and made the builders construct homes.  for few of the portola homes they went back to the old ways where the builder would buy the land and then build...

No we have no intention to move out. I'm not sure where you got that 2-3 year time frame. Even if i don't live there myself for many reasons I completely intend to continue owning this place as a rental. The only time we might consider is when we get a 3rd car for the kids in about 10 years...

I have no buyers remorse. But i did expect a little better quality of construction. I think it was brought up before in some othe thread. The walls inside the house seem really thin and have very less sound barrier. we have one wall in the  3rd bedroom which is behind the master bath sink. And...

It really is amazing that prices in irvine at one point had gone upto >500/sq ft. Now prices are around 275 (portola homes) to around 340 (montecarmelsonoma collection). even taking the high end of 340. The prices today are about 30-35% lower than peak. Although it appears that Irvine is...

Can someone explain to me how this works. If someone really like the house and wants to buy it anyway even appraisal came lower than asking why does the bank care.  agreed the Loan to appraised value would be now higher. But why does bank not agree to the loan under new terms say extra fee of...

Brookefield homes (Montecito & Monterey) has a person who takes care of these in addition to some other stuff. Making sure the old service turned off and the new one starting at the correct time. I thought it was a great service they provided. Don't know if all builders in the new collection...

I'm not sure why TIC is pricing portola homes lower than 2010 collection homes. When we bought last year the downside of irvine homes i thought would be 250/ sq ft (+/- few) depending on attached or detached etc. Last year the 2010 collection was price around 300 / sq ft. The new portola homes...

SGIP, Are you saying one need to put 40% down (LTV of 60) to get a no fee loan

Agreed the mello roos is slighly higher in PS but 2350 sq ft for 600K puts it at 255/sq ft. All portola homes definitely are priced very competitively compared to woodbury homes and resale market. I haven't seen the models. Maybe there is a reason why they are priced this way!!

What if Patrick star didn't have family near LA. even with that he thought so much about leaving Irvine. what if his family was in Tustin, costa mesa or laguna hills.

IHO, just a curious question. Considering all your arguments towards the stability of Irvine housing what is really preventing you from putting a big chunk down for a irvine home. Like Montecito or Sonoma etc. It seems to me that you really are not convinced about Irvine housing stability...

Any suggestions on good place to buy Patio furniture/ umbrella etc.

USC what was your point. were you saying that the prices in irvine are even more unbelievable because they are so much more than median income calculation despite being condo's!!!.

Sent you a personal message.

I know a bunch of folks who live there. Never heard anyone specifically complaining about train noise much. Although I didn't look there for that specific reason. Nice floor plans with lower HOA and mello roos. But Price per sq ft of recent sales is higher than the going rate of 290-310 in the...

I think that is exactly why IR for a quite a while has been advocating, that people who are clear in mind and know why they are buying, can get deals equal to or close to rental parity based on low interest rates. I for one am really glad I waited till 2010 to buy and not jump in 2005-2006. I...

Probably because there really is no yard if you take the california room option. So the its only maybe 1500 to 2500 cost to do landscape.

In IR's calculator he subtracts the payment towards equity when calculating total cost of ownership. For example the 500/- out of a P+I of 1800 which goes towards prinicipal. I try to half that number to account for price reductions in future (I'm Still bearish on the housing even in Irvine)...

Called the FTB site last week to ask about the tax credit confirmation. They told me it was approved. Yesterday I also recieved the letter from them. For property tax the county is behind on the paper work. They haven't broken down the taxes for per unit basis. IT is still listed as a total...

I'm not defending BK at all but i was going to post a similar response on this forum. I was actually told this by my realtor about late 2008/early 2009 when we started looking at short sales for bargain. Our realtor told me the exact same thing. Apparently lots of asian families with lots of...