the.irvine
Active member
Where would you spend 1M+ for <3000 SQFT SFH home, and why.
the.irvine said:Where would you spend 1M+ for <3000 SQFT SFH home, and why.
Burn That Belly said:Stop beating around the bush and let's address the elephant in the room.
Which one of these two are going to bring MAX appreciation at any given point in time post closing?
That's all that matters.
paperboyNC said:no, maximizing appreciation is not the only consideration. You actually have to live in the home, like the floorplan, etc.
Burn That Belly said:paperboyNC said:no, maximizing appreciation is not the only consideration. You actually have to live in the home, like the floorplan, etc.
Not really. You could buy the home. Retire early, say 55+. Move in with your sister, brother, ex-wife, etc. Rent a room with them for like $500-750/mo.
Meanwhile, the Avila or Elderberry you bought, you can rent it out. The renter will help you pay 70-90% of the PITI, you top it off with remaining 10-30% of your own money to keep it afloat because you might not completely break even. It still beats paying 100% yourself.
In this scenario, you didn't have to work so hard anymore (for a 9-5 job) because someone (your renter) is doing it for you. This gives you freedom to do other things in life like travel and find an obedient Thai, Cambodian, Vietnamese Asian wife. ;D And of course, stock up on the blue bills. ;D
the.irvine said:Well if you have tons of cash and resources then maybe it doesn't matter that much. But if you are a single earner, migrant working in a tech, and from a culture where you always think twice before making a big financials commitment then these would be questions when comparing both--
Avilla vs EB
A) Which one will be easier to sell if i have to move/relocate for work
B) Which will appreciate more if you want to move up in 2-3 years from today
Burn That Belly said:I believe OH3 will be one of the easiest resales in the future for median income dual earner families.
It is basically an Eastwood AMG series with the following specifications:
-Same NW school zoning
-Gated
-Higher elevation and views
-Standard expanded rooms, larger footprint
-JOST connection or ease of accessibility to JOST
-60MPH zone (Jeffrey/Portola section)
One of the plus side of EW and OH3/4 will be that the section between Jeffrey/Irvine Blvd. to Jeffrey/Portola Pkwy has very, very low traffic.
You literally can execute a 0-80MPH launch every day and not get a ticket. Don't ask me how I know. ;D
jmoney74 said:It will be interesting to see if Portola HS comes up and the great park build out rocks. The area will do well but obviously it's just a guess.