all cash home purchases

[usctrojancpa]

Slowdown only seen on > $1.2m+ range, but still decent < $1m (like the EW condos).  They must've gotten tired of making daily runs at the bank and/or ATM withdrawals, lol

The sub $1m market is Irvine is strong and the <$800k outside of Irvine is strong.  I've been involved in a half dozen multiple counter situations both on my listings and with my buyers in the past 6-8 weeks.

 

[hello]

if that happens Irvine prices will be hit hard...

How many times have we heard that?

I dunno... but it is a scenario that has yet to be played out yet.  I have no doubts however that if Chinese are ever forced to pull money out of their home "investments" here in Irvine, prices will undoubtedly fall significantly.

 

[Etinchen]

Many FCB buy homes and leave it empty in Irvine. They don't even rent them out. When and if they see the market go sour, they dump their homes for a discount. This can really hurt the market. My neighbor is a FCB, rented out their home for a super discount compared to the rest of market.

Clearly, having FCB is a double edge sword