irvinehomeowner
Well-known member
So the higher prices are a ghost premium?yaliu07 said:when BP sales do NOT go well, let's blame on "you know what".
Beacon Park
- Thread starter The I-R-V
- Start date
J
jmoney74
Guest
Not sure if it will slow down sales until it actually gets the shovel to the ground. Then you will see people not buying around the area. I might just relocate there for the sake of having more white neighbors.
Irvine Dream
New member
Yippee, Stafford here we come then. I think for $300K I can live with noise and other issues. So what if the house doe not appreciate, I am not going to take my price appreciation to the grave so hope the price point holds true and they throw in a 10-feet high ceiling as an icing on the cake. By the way do anyone know if BP homes are all 10-feet ceilings like Groves?Harajuku said:
Irvine Dream
New member
Here is the comparison of MRbones said:
HOUSE SIZE PP BP
-- -- >5,700 $12,356 $17,004
5460 to 5699 $11,858 $16,422
5200 to 5459 $11,359 $15,554
4950 to 5199 $10,861 $14,973
4700 to 4949 $10,363 $14,105
4450 to 4699 $9,864 $13,614
4200 to 4449 $9,366 $12,944
3950 to 4449 $8,874 $12,303
3700 to 3949 $8,587 $11,891
3450 to 3949 $8,352 $10,478
3200 to 3449 $7,479 $9,961
2950 to 3199 $6,934 $9,027
2700 to 2949 $6,474 $8,190
2450 to 2699 $5,902 $7,532
2200 to 2449 $5,380 $6,592
1950 to 2199 $4,981 $6,041
1700 to 1949 $4,443 $5,328
<1700 -- -- $4,385 $5,112
Irvine Dream
New member
Irvine Dream said:
Can Test post the Greenwood MR?
Irvine Dream
New member
test said:
I know I have to use the search button but can you point me towards it, pretty please
irvinehomeowner
Well-known member
So who knows who is getting the interest on these bonds that are being paid by MRs?
Seems like that's a lucrative cash flow in Irvine.
Seems like that's a lucrative cash flow in Irvine.
Swordfish
New member
jmoney74 said:
I was looking at houses at Johns Creek last weekend trying to find floor-plans comparable to BP. They simply don't have houses 2,500 sq. ft or less. We ended up having to stand in houses less than half the price of BP trying to imagine what it would be like with each of the rooms were 20% smaller. Oh... and forget about those stairs down to the basement!
qwerty
Well-known member
Irvine Dream said:
real estate appreciation is over rated anyway. thats great for all these irvine folks whose house appreciated 20%+ in the last couple of years. what good does that do them? it doesnt do you any good in terms of move up because the bigger better house also appreciated by the same amount. and the irvine fanatics cant even cash out because they refuse to live anywhere else. in general, all buying a house does is it locks you into market at a certain price point and then it is your hedge against inflation. so all that matters is whether you are in the market or out. now being out of the market the last two-three years does suck.
I was very surprised at how steep a price BP is starting at. All that said, I suppose they would rather start high, see what the interest was at the event and then through calls, and then as everything gets closer they will finalize the price (possibly lower or higher then stated). I did see quite a few floorplans I liked and do think BP is going to be a fantastic neighborhood with lots of variety and the accessibility to school and GP will be great. That said, I am very intrigued at the price at the Legacy (which is technically an easier commute). Just seems like it is so jammed in and then from the entire track you have the eyesore of Jamboree.
qwerty
Well-known member
Bullsback said:
thats the trade-off right. while the overall central location is very good, the community is bordered by Jamboree which isnt ideal. but like irvine dream said, 300K is a lot of money. ive stood at the crawford/stafford models and while the noise is clearly there from jamboree, it wasnt as bad as i thought it was going to be, i think the fact that jamboree is elevated helps. i highly doubt you will be able to hear it from inside the house, but we will find out in two weeks.
Irvine Dream
New member
Bullsback said:
irvinehomeowner
Well-known member
I may have missed it but did they say when the BP models will be open to see?
qwerty said:
For cash out, you have to be willing to sell at the peak/mini bubbles/run ups and then wait on the sidelines for a dip. The Irvine market in the last 5 or years has demonstrated this can be done. There's been many opportunities to buy low, sell high, buy low again, sell high again. The ones that come to mind are 2010 New Home Collection, Lambert Ranch, Laguna Altura, early phase PP. Obviously it's a PITA to move so many times with some renting in between if the timing doesn't work well. Even with the high costs of transacting RE, there's some good profits to be had. I'm waiting to cash out of my PP place. I mean, why not right?