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    Newer Irvine listings with crazy WTF asking prices from equity sellers

    $997/sq ft in Stonegate. That’s a hell of a ROI. Bought in September 2020 for $1.065m, and sold 3.5 years later for $2.108m. No renovations as far as I can tell compared to the pics from 2020. I like how their staging consists of leaving a plant in a corner in each room...
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    Homeowner's Insurance - anyone successfully insure a condo?

    The number they list after each zip code is the number of policies that are affected. So while Calabasas has 1090 homes affected, 92602 only has one home affected.
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    Homeowner's Insurance - anyone successfully insure a condo?

    They’re just non-renewing a single home in 92602, not the entire zip code.
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    Retail Openings and Closures

    They have a location in Lake Forest, it’s really good.
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    Newer Irvine listings with crazy WTF asking prices from equity sellers

    Closed for $758k over list. That 2020 buyer sure is feeling the pain 😉
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    Newer Irvine listings with crazy WTF asking prices from equity sellers

    Wow, that one closed for $100k over list.
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    Newer Irvine listings with crazy WTF asking prices from equity sellers

    This El Camino home just closed for $1.735m. It was trashed and sold for $1.075m in August. https://www.redfin.com/CA/Irvine/15242-Normandie-Ave-92604/home/4682022 Original condition:
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    Newer Irvine listings with crazy WTF asking prices from equity sellers

    That other house in El Camino that someone died in and was trashed is being listed next week for $1.65m. It sold for $1.075m in August. https://www.redfin.com/CA/Irvine/15242-Normandie-Ave-92604/home/4682022
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    Adler at Saddle Crest in Silverado by Tri Pointe Homes

    I went with a $2500 deductible. $1000 would have been $175 more per year, and increasing to $5000 would have saved an additional $150/year. That seems like a huge discount for a relatively small increase in your deductible. They’re pricing it like you’re going to have a claim once every 3 years.
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    Newer Irvine listings with crazy WTF asking prices from equity sellers

    Last chance for a SFH under $1M in Irvine. I wonder what it even looks like inside. And yikes at the tree growing from the corner of the house. https://www.redfin.com/CA/Irvine/5092-Yearling-Ave-92604/home/4666012
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    Tustin Air Base Hangar on fire

    The line about "no known risk of asbestos contamination" was removed from the LA Times article. Makes me think there is a risk and someone told them to remove that part.
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    Newer Irvine listings with crazy WTF asking prices from equity sellers

    $1.29m for a 1200 sq ft attached condo 🤔 https://www.redfin.com/CA/Irvine/79-Nature-92620/home/45377787
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    How high will mortgage rates climb in the next 36 months?

    Oh yeah I was just mentioning it since it would be favorable to homeowners if they both expire, which I’d think would increase demand.
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    How high will mortgage rates climb in the next 36 months?

    The mortgage interest deduction limit is also set to expire after 2025.
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    Newer Irvine listings with crazy WTF asking prices from equity sellers

    Looks like affordable housing for UCI staff. The resale price is restricted, so you’re not going to gain a ton of equity.
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    Too Good To Go?

    There’s a place in Torrance that has a $93 bag that includes A5 wagyu. I’d get it if it was closer, but I never head out in that direction.
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    Newer Irvine listings with crazy WTF asking prices from equity sellers

    Funny how the only bedroom they chose to show in the pictures is that oddly claustrophobic one.
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    Newer Irvine listings with crazy WTF asking prices from equity sellers

    Closed for $938k on 7/6. Renovated and listed for $1.388 million on 8/23. https://www.redfin.com/CA/Irvine/11-Rossano-92620/home/4778068
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    Newer Irvine listings with crazy WTF asking prices from equity sellers

    I guess this buyer from a couple weeks ago got a bargain at the exact same price. Pics are gone, but there’s a video if you click the 3D tour. https://www.movoto.com/irvine-ca/59-lakefront-irvine-ca-92604-202_u04404334/
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    Newer Irvine listings with crazy WTF asking prices from equity sellers

    And it’s under contract now 🤨
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