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Yes, they tried to bank in on the $1M view lot premium like Olivewood did. The problem for Cielo is that their view lots were released at the wrong time. Way too late.

Mid $2M for non view lots. The mountain view lots were only about $100k more. Those sold out quickly while some non view were sitting there for a few months.

No. MR at Summit is around $5k.

Your figures are mixed up. $975/month and $20k MR don't go together.

Currently, it's $975 a month, but it's supposed to come down to $700+ after buildout.

Didn't you post earlier that someone put a deposit on that house? Did that buyer withdraw the deposit?

I thought we were doing apples to apples comparison and not apples to oranges comparison. MR at Summit is around $5k while MR at Altair is around $20k. There is a $15k difference for a property that costs that same at Summit and Altair, specifically on at $5M. So let me lay it out for you. $5M...

If you like to pay $20k a year for Mello-Roos, sure. That's $20k just for MR. Then you add another $50k for property taxes.

The so-called "money laundering" isn't necessarily by criminals. It could simply be rich high tech workers who hit it big during the recent tech boom moving their money out of China. When we bought our Bluffs home 3 years ago, the neighbors across from us bought their home for the sake of their...

Biden took office in 2021, not 2020.

Yesterday, I took my son to John Wayne Airport, and when we stopping at the Irvine and Sand Canyon intersection, around 8:30am, we could smell the landfill. The odor was strong, even inside the car. On the other hand, I was at Hoag urgent care center at Woodbury last Wednesday, around 8:15am...

Someone must've pressed the wrong button.

Yeah, pictures of the backyard shows that the lot is much much smaller than that. 0.46 acres for SFH in North Irvine is unheard of, let alone detached condos. It's 20,037 sf. Not even the biggest TB lots at Summit are close to that big.

True. I guess I don't pay enough attention to the listings north of Portola Pkwy.

Yeah, Feng Shui aside, my biggest concern with a house at a T-junction is that a car could just crash into your house.

What does it matter what the current rates are if you locked in at sub 3% or even as low as 2% back in 2021?

The tweet is funny. "That's over 1 million in US dollars" like that means anything. :ROFLMAO: At least, say "That's over 200 million in US dollars" if you do the conversion correctly. 1 USD = 7.1687 CNY. In that case, that's a crap load of houses.

I think lot 40 and the ones besides it do have the view of the landfill. That's why it's going for $5M while lot 66 is going for $7.2M.

I would say it's a buyer's market now in the 92618 area. Listings are cutting prices and are mostly selling below asking price. For the $1.4M-$1.7M price range, you can't really find anything in PS, though, so that leaves just the GP area. The Hillside listing in PS are above $1.8M still.

Lot 66 is a view lot and lot 40 isn't. I guess view lot premium is still $2M. It's likely that lot 66 is also bigger than lot 40. It's possible that lot 66 is 5121 sqft while lot 40 is 4514 sqft. And from the map, it looks like lot 66 has a bigger lot size as well.