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  1. hedgehog_IHB

    Prefab ?green? house hoisted into place in Newport

    I really like those modern prefab houses. They are pretty expensive though, it looks like $325/sqft: <a href="http://www.livinghomes.net/homesCommunities.html">http://www.livinghomes.net/homesCommunities.html</a> It's too much for a prefab, IMO.
  2. hedgehog_IHB

    Which high rise tower is most secure?

    I woudn't call Watermarke a tower, it's only 4 floors tall. I just signed a lease there. Security was not a selling point. It's not actually gated, so anyone can walk in. The average IAC complex is more secure, although that's all just for show. No one ever stopped me from entering after...
  3. hedgehog_IHB

    The Park at Irvine Spectrum. Leasing Prices are up ??

    The incentives can definitely attract tenants. If you stay for more than 1 yr you will convert to a much higher rent. But there are people who don't mind moving and they can use the incentives effectively. I remember a few years ago when The Village opened, there was a big move of tenants...
  4. hedgehog_IHB

    Shady Canyon

    Is this technically a "mcmansion"? It seems like a proper mansion to me.
  5. hedgehog_IHB

    Interesting/Amusing Property Finds

    <a href="http://www.redfin.com/CA/Irvine/79-Reunion-92603/home/5953591">Quite possibly the most liquid home in Irvine?</a> Date Event Price Appreciation Source Sep 05, 2009 Price Changed $534,900 -- SoCalMLS #U9003790 Aug 24, 2009 Listed...
  6. hedgehog_IHB

    Shady Canyon

  7. hedgehog_IHB

    Pointers for Apartment Search

    Kind of OT, but what is the best way to find homes (not apartments) for rent? So far, I've found that realtor.com has a lot of listings, but that site is such a pain to use. I'm surprised that no one has done a redfin-like site for rentals.
  8. hedgehog_IHB

    Newport Beach Prices Dropping

    I went to the 1962 Port Trinity open house too. It is indeed a strange layout. I think what happened there was that the second floor was added on top of the garage some time in the 90s. The agent claimed that the house would go for 1.2-1.3M, and he's probably right, if the bank agrees, that...
  9. hedgehog_IHB

    How do ethnic buyers have such a large downpayment?

    First, there is an inherent bias in this question. A FCB is considered a notable or abnormal event, so everyone remembers it, whereas an American-born (predominantly white) cash buyers seems like a completely normal event. I don't know the statistics but I'd guess that the huge majority of...
  10. hedgehog_IHB

    Newport Beach analysis

    Recent sales in that area suggest that a reasonable price _today_ is $100K less than the asking price. The sales were around $560-$570/sqft. Even that would be overpriced, in my opinion. Personally, I don't feel that this house is worth more than $1M... but that's just my opinion, of course.
  11. hedgehog_IHB

    Is now a good time to reallocate 401K funds?

    Since you don't have to pay taxes on your gains in a 401k account, it's perfectly fine to capture some of your gains. I'm surprised that many people do only buy-and-hold in their tax-deferred accounts. Those are exactly the accounts where active asset management is a good idea. Of course, the...
  12. hedgehog_IHB

    ALL CASH OFFERS IN IRVINE

    I find it amusing when people think that cash buyers would be foolish and would overpay. You gotta give some credit to the people with the cash, they must have done something right (yeah, there are exceptions). The cash buyers can always get a better deal than the rest. They are also usually...
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