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I think I've been the only one saying that we weren't near rate cuts any time soon in 2023. My gut tells me inflation is way too sticky to lower rates anytime soon. I'll be surprised if we even see any cut this year unless a black swan event occurs.

there are “underground” banks in China that help facilitate these types of transactions

4% buyers commission for a 5m home.

from my experience I see Koreans actually being primary residence owners rather than investors

Arent you better off getting umbrella insurance instead of an LLC? Unless you have many rental properties or a big unit where umbrella wouldn’t be able to cover

I’ve mentioned it before but shea isn’t about maximizing profits but rather focus on selling a great product. They did the same for Teresina.

This change makes it more difficult for first time buyers to purchase a house. Sellers are the ones benefiting most from this.

Honestly it doesn’t matter what builder it is. All local areas share the same contractors. For example, TrueAir is used in Serrano Summit & Teresina & maybe even meadows. What is key is the Construction Manager for the builder & also a good inspector to catch things before closing. I heard so...

wow they give you a week? I remember I was given 2 hours to decide otherwise they move to the next buyer.

So basically the initial buyer for lot 93 forfeited 75k or 150k. Ouch.

What’s the deposit for olive wood?

That’s not necessarily true. Rich people have more stress and arguably at times not as happy as their counterparts. Ever heard the term “more money, more problems”? You can throw money at a lot of things. But I would argue the things where you cannot throw money at are more important. For...

Anacrime is #25

San Francisco is #7? This article is a joke.

You should be seeking your CPA for answers to these questions tbh

Someone can correct me if I'm wrong, but people in their 20s-30s are not the ones living in these 2.5m+ communities in Irvine. Unless your family is loaded with money which is possible, most of these buyers are FCB investment homes or people that are move up buyers that gained equity from their...

Ouch. The currency conversion is rough. I know a family that works in Macau and sends money to his family in Hawaii. MOP -> USD conversion is rough as well.

Surprised Hawaii is #24.

There are 750k new condos in Irvine? Maybe for low income, but it's an entire lengthy process within itself. There are also new constructions in other areas as well without MR and a reasonable HOA. As @irviniteeee mentioned, one needs to evaluate the entire cost of ownership and not only the...

or maybe a bunch of them are filling up IUSD spots that arent in Irvine ;)