Bench Mark Pricing in Irvine

[asianinvasian_IHB]

What happens when test scores start to fall?

As asian demographic increases test scores will only go higher.

 

[bkshopr_IHB]

40% of all new homes are Asian buyers. Instead of building 100% TIC would limit its supply to only target Asians and to balance absorption. The strategy is to rationing supply to rallying demand.

Top strategists are being hired to plot the scenario.

Oh me oh my... Graph might want to cover his ears... you're basically describing my FCB Theory.

That can't be right that we are on the same page then I retract my statement.

Actually IHO you are wrong. The FCB are not interested in Irvine. They are interested in the San Gabriel Valley. Graph's analysis many posts ago was right about the FCB would not save our Housing industry from swirling down the toilet.

The demographic TIC is targeting is not FCB in fact they are the older 1.5 generation who insists a brand new home. They are parents of pre-teens seeking good school district and want good value. They have low aesthetic expectation just like IHO. They are interested in utilitarian function. Neighborhood along the West Irvine and Oakcreek spec level would be ideal for this group when HOA fee is reduced to a minimum due to less amenities and less landscape up keeping.

Actually... you are wrong because you don't even understand my theory. Stop hiding behing that "english isn't my first language" facade... you read/write/speak english quite fluently but you tend to fail when it comes to my posts.

My FCB Theory wasn't that Foreign Cash Buyers were going to save the Housing Industry... but that they keep certain markets from falling as fast as the rest of them because they don't really take into account fundamental valuation and are not affected by the credit crunch (since they do high cash transactions).

The demographic you are describing sounds pretty close to an FCB and just by the fact that they will support a $375/sft benchmark while it is much lower elsewhere correlates directly to my hypothesis.

Asian = Foreign

Older 1.5 gen = Cash

New Home = Buyer

Now, I'm not really that serious about it... I just like to keep Graph on his toes... but just like stereotypes... there is some merit to it.

Sorry bk... you lose again... but thanks for playing.

You describe the FCB who lives oversea and purchase home to launder money purely for liquidating cash out of their own corruption in the government.

Home purchase would be purely for relative and when they travel abroad they would have a place to stay. It is a huge status to announce to their peers owning a house in America. Good school is the last thing in their objective. Proximity to Chinese retails and restaurants is paramount. Irvine is not ideal because they do not speak English. They can't communicate in irvine in their native tongue. Irvine also lacks the gambling and Massage establishment that support their travel itineraries.

I do not understand why you insist on being an expert in this field when you know nothing and have never worked in the community development, home building industry and marketing industry. Graph and I have worked in this industry for a very long time. I was already in this industry while your Samoan buddies robbed you. You are only making a fool of yourself for being a stubborn jerk. I have designed infinite variations of garage positioning while you are still searching your missing 3rd car and driveways.

I would not argue with you in the field of computer because I know my boundary and respect yours. When coming to designing master planned communities and demographics I have years of success to back up my posts starting from the first foundation in Westpark in the early 80's to the wine cellar just installed in the Crystal Cove custom this morning. What credential do you have to validate your expertise comment in housing? You don't even own a house.

To know about FCB you would have a better pesrspective if you are actually Chinese. Your Pacific Islander background is far removed from the main stream culture of the Chinese Nationals. What do you know about the FCB when you do not even go to LA or visit San Gabriel Valley? You know nothing about the Chinese Culture to understand the FCB's motive. Get out more, eat some shrimp paste and that would broaden your horizon.

 

[bkshopr_IHB]

Minipulation of school boundary is another strategy that could create public panic. Buy now so your kids can still be qualify for this school before the zone change.

Oooo... more post-fu... but I totally agree with this.

It's so interesting how perception affects what parents do. I'll admit I was one of those people who was under the IUSD spell, but after reading posts from users here and reading articles about the schools in the Tustin Ranch area... there's no real difference, schools in TUSD do just as well... if not better than their IUSD counterparts. When I talk to other parents about where they are sending their children after pre-school, many of them are sending them to schools not in their neighborhood just because they think that it's better... and this is within Irvine! Not only does it have to be in Irvine... but it has to be a certain school in Irvine... wow.

It's what Columbus Grove was using to sell their homes, Tustin location but IUSD school district (albeit schools that weren't even near the neighborhood).

I'm not sure if I recall correctly... but I think even bk is sending his kid to an Irvine school.

My daughter is a 4.3 GPA student but not at Irvine Unified School District.

 

[irvine_home_owner_IHB]

40% of all new homes are Asian buyers. Instead of building 100% TIC would limit its supply to only target Asians and to balance absorption. The strategy is to rationing supply to rallying demand.

Top strategists are being hired to plot the scenario.

Oh me oh my... Graph might want to cover his ears... you're basically describing my FCB Theory.

That can't be right that we are on the same page then I retract my statement.

Actually IHO you are wrong. The FCB are not interested in Irvine. They are interested in the San Gabriel Valley. Graph's analysis many posts ago was right about the FCB would not save our Housing industry from swirling down the toilet.

The demographic TIC is targeting is not FCB in fact they are the older 1.5 generation who insists a brand new home. They are parents of pre-teens seeking good school district and want good value. They have low aesthetic expectation just like IHO. They are interested in utilitarian function. Neighborhood along the West Irvine and Oakcreek spec level would be ideal for this group when HOA fee is reduced to a minimum due to less amenities and less landscape up keeping.

Actually... you are wrong because you don't even understand my theory. Stop hiding behing that "english isn't my first language" facade... you read/write/speak english quite fluently but you tend to fail when it comes to my posts.

My FCB Theory wasn't that Foreign Cash Buyers were going to save the Housing Industry... but that they keep certain markets from falling as fast as the rest of them because they don't really take into account fundamental valuation and are not affected by the credit crunch (since they do high cash transactions).

The demographic you are describing sounds pretty close to an FCB and just by the fact that they will support a $375/sft benchmark while it is much lower elsewhere correlates directly to my hypothesis.

Asian = Foreign

Older 1.5 gen = Cash

New Home = Buyer

Now, I'm not really that serious about it... I just like to keep Graph on his toes... but just like stereotypes... there is some merit to it.

Sorry bk... you lose again... but thanks for playing.

You describe the FCB who lives oversea and purchase home to launder money purely for liquidating cash out of their own corruption in the government.

Home purchase would be purely for relative and when they travel abroad they would have a place to stay. It is a huge status to announce to their peers owning a house in America. Good school is the last thing in their objective. Proximity to Chinese retails and restaurants is paramount. Irvine is not ideal because they do not speak English. They can't communicate in their native tongue. Irvine also lacks the gambling and Massage establishment that support their travel itineraries.

I do not understand why you insist on being an expert in this field when you know nothing and have never worked in the community development, home building industry and marketing industry. Graph and I have worked in this industry for a very long time. I was already in this industry while your Samoan buddies robbed you. You are only making a fool of yourself for being a stubborn jerk. I have designed infinite variations of garage positioning while you are still searching your missing 3rd car and driveways.

And I don't understand why you aren't reading my posts correctly.

I've NEVER insisted I'm an expert in this field... ever... I've just relayed my personal experiences because last time I checked... that's what a forum is for... for people to express their opinions. In fact, many of the people who have contributed greatly to this board have no connections at all to the housing industry.

I would not argue with you in the field of computer because I know my boundary and respect yours. When coming to designing master planned communities and demographics I have years of success to back up my posts starting from the first foundation in Westpark in the early 80's to the wine cellar just installed in the Crystal Cove custom this morning. What credential do you have to validate your expertise comment in housing? You don't even own a house.

Hehe... see... you made an ass out of your umption again. Just because I sold one... doesn't mean I don't own another. So are you saying that I have to have your experience and background to comment on housing? Do you require that from every IHB member? Or is this just an IHO-exclusive because I proved your math wrong on one occasion (I don't specialize in math either but I can use a calculator). News flash... being a home owner (or even a former home owner), living in Irvine and not being a sheep allows me to express what I feel affects market conditions, what I think a home should have and what my own preferences are. It doesn't necessarily mean I'm an expert or that I'm right... and like I said... I'm not even that serious about my FCB theory. BUT... I'm not the one who is getting defensive about his many years of success to prove his point. I'm not even disagreeing with this benchmark thing you are talking about... and others are yet you are focusing on me?

Tell me... when was the last time you sold your own residence in Irvine? Does that experience count for nothing... or does it only count when bk does it? Where do you spend most of your time? Floral Park, LA or Irvine? Doesn't the fact that I stay in Irvine and don't go to LA give me some type of bonus of knowing Irvine better than those who go to LA all the time? You may have designed many of the homes in Irvine... but I've actually lived in many of the neighborhoods and that should have some merit. Or did I miss that somewhere? I've stated many times before that there is no compare to the amount of knowledge you have in regards to the housing industry, home design etc... I've NEVER questioned that... in fact I've admitted that you sense of aesthetics is way beyond mine... but it is you who is putting down my opinions and what gives you that right? What credential do you have to constantly deride mine or anyone else's personal opinion or preference? You don't even know me.

And if you're going to start requiring credentials for people to post on IHB... it's going to be a pretty lonely here.

To know about FCB you would have a better pesrspective if you are actually Chinese. Your Pacific Islander background is far removed from the main stream culture of the Chinese Nationals. What do you know about the FCB when you do not even go to LA or visit San Gabriel Valley? You know nothing about the Chinese Culture to understand the FCB's motive. Get out more, eat some shrimp paste and that would broaden your horizon.

Did I say FCB or CCB? Did I say Foreign = Chinese? Are you now saying that Asian (your TIC target) = Chinese? For me, foreign could be Middle Eastern (quite a lot of those buy in Irvine... are you an expert on them too?). And I take it you are a Korean master too? What if I told you that I'm half chinese? And do all FCBs go to LA or San Gabriel Valley? Is that on Wikipedia somewhere? And really... I don't care... I'M NOT THAT SERIOUS ABOUT MY FCB THEORY. Chillax bk... I think this Internet-brawling has got your blood pressure up and your grasping at whatever you can (ie insulting my income, my home ownership, my education, my lack of culture, my ethnicity... you even made light of me getting mugged when I was a teenager)... dude... it's just the Internet.

BTW: I will be sorely displeased with you if I found out that you were the one who brought AZDave into this... well... not really... but I would find it funny if you were so desperate that you had to pull an Enemy of my Enemy move.

Also... I actually eat shrimp paste... does that make me an expert now?

Let's do the IHB a favor and stop this "piss war"... I've actually tried multiple times but every time I turn around you're trying to dig on me... you even went out of your way to find out what time I log off of IHB so you can "take the opportunity to get in some IHO bashing".

P.S. I'm actually beginning to think all this animosity is because you are falling for me... I saw how you were looking at me at the last IHB gathering.

 

[IrvineRenter_IHB]

bkshopr,

I think you overestimate the power of marketing. If done well, marketing helps people recognize a value they may have overlooked, but it does not create value out of thin air. There are useful substitutes in the area for everything the Irvine Company is offering at a much lower price point. Good design adds value, and good marketing can point out good design, but ultimately, it has to be available for a reasonable price relative to alternatives or people will not buy it. IMO, there is no way the Irvine Company hits that price point. They will command a 10% premium over resales just as every new homebuilder historically has. Sixty percent is not going to happen.

 

[kcmkane_IHB]

You guys are both right, stop arguing.

BK has tremendous taste in homes in neighborhoods, and many other things for that matter. I would jump on a neighborhood like San Marino or South Pasadena in a second, with their combination of beautiful homes of yesteryear and stellar school systems and safe streets. Those areas have it all. Unfortunately, I'm a first time home buyer --- and with about a mil the entry level price for these areas, it is not realistic to even think about.

So we have to compromise on something --- and this is where IHO is also right. At my price point, Irvine is the best compromise. I get to keep the safe streets and the stellar schools, but give up the character homes and neighborhoods. I've got champagne dreams but a beer budget. Well, maybe Irvine is like a premium import beer, while Corona is Coors Light.

So both of you are right. From what I can tell you are both very intelligent and passionate about your beliefs. So stop taking digs at each other and agree to disagree.

 

[bkshopr_IHB]

IHO,

You pissed me off and I just eliminated all possibilities of frontal 3 cars garages from my drawing board. There will be no 3 car frontal garages and 3 car driveways in all future communities. This includes all move up communities as well.

 

[bkshopr_IHB]

bkshopr,

I think you overestimate the power of marketing. If done well, marketing helps people recognize a value they may have overlooked, but it does not create value out of thin air. There are useful substitutes in the area for everything the Irvine Company is offering at a much lower price point. Good design adds value, and good marketing can point out good design, but ultimately, it has to be available for a reasonable price relative to alternatives or people will not buy it. IMO, there is no way the Irvine Company hits that price point. They will command a 10% premium over resales just as every new homebuilder historically has. Sixty percent is not going to happen.

IR as usual very smart and insightful. I will explain when I have more time to composed rather than editing and getting pick on because of my post -fu

 

[irvine_home_owner_IHB]

IHO,

You pissed me off and I just eliminated all possibilities of frontal 3 cars garages from my drawing board. There will be no 3 car frontal garages and 3 car driveways in all future communities. This includes all move up communities as well.

Hah... your sense of humor is back... and this was a gooder.

I realize I've angered you and I apologize. I'm not exactly sure what set you off but I do want you to know that I have the highest respect for you and I do know your knowledge is way more than I can hope to obtain (I believe I've said this multiple times).

Oh... and I'm not just saying that so you can put 3-car garages back on your drawing board.

Now go attack IR2 for disagreeing with you!!!

 

[acpme_IHB]

 

[bkshopr_IHB]

IHO,

You pissed me off and I just eliminated all possibilities of frontal 3 cars garages from my drawing board. There will be no 3 car frontal garages and 3 car driveways in all future communities. This includes all move up communities as well.

Hah... your sense of humor is back... and this was a gooder.

I realize I've angered you and I apologize. I'm not exactly sure what set you off but I do want you to know that I have the highest respect for you and I do know your knowledge is way more than I can hope to obtain (I believe I've said this multiple times).

Oh... and I'm not just saying that so you can put 3-car garages back on your drawing board.

Now go attack IR2 for disagreeing with you!!!

I also extend an Olive branch. Now you have to explain to Mrs BK about the our love traingle.

 

[bkshopr_IHB]

IHO,

You pissed me off and I just eliminated all possibilities of frontal 3 cars garages from my drawing board. There will be no 3 car frontal garages and 3 car driveways in all future communities. This includes all move up communities as well.

Hah... your sense of humor is back... and this was a gooder.

I realize I've angered you and I apologize. I'm not exactly sure what set you off but I do want you to know that I have the highest respect for you and I do know your knowledge is way more than I can hope to obtain (I believe I've said this multiple times).

Oh... and I'm not just saying that so you can put 3-car garages back on your drawing board.

Now go attack IR2 for disagreeing with you!!!

IR comments made a lot of sense and I agree. I can't attack him because his posts are well thought out and backed up with reasonings.

 

[High Gravity_IHB]

Actually IHO you are wrong. The FCB are not interested in Irvine. They are interested in the San Gabriel Valley.

One reason I moved to Irvine is to escape the FCBs. The FCBs in the San Gabriel Valley do not make good neighbors. Most don't even live in the houses full time and their houses are often occupied by their concubines or spoiled teenagers. Not exactly people you'd want to have neighborly relations with.

If you believe the Taiwan media, Irvine is a popular destination for cash laden Taiwanese fugitives. A few months ago the Taiwan media reported that a close confidant of the indicted ex-first lady of Taiwan fled Taiwan with a pile of tainted money and is now living in Marquee Place.

 

[bkshopr_IHB]

Actually IHO you are wrong. The FCB are not interested in Irvine. They are interested in the San Gabriel Valley.

One reason I moved to Irvine is to escape the FCBs. The FCBs in the San Gabriel Valley do not make good neighbors. Most don't even live in the houses full time and their houses are often occupied by their concubines or spoiled teenagers. Not exactly people you'd want to have neighborly relations with.

If you believe the Taiwan media, Irvine is a popular destination for cash laden Taiwanese fugitives. A few months ago the Taiwan media reported that a close confidant of the indicted ex-first lady of Taiwan fled Taiwan with a pile of tainted money and is now living in Marquee Place.

Thank you!

You just solved the mystery of the only one unit with the light on at night.

 

[hibutachan_IHB]

Not all asians are wealthy. There are asians (maybe more than half of them) who are striving for their life and trying to provide the best environment and education for their next generation. Probably the only privilege for them is that they might have the downpay from parents or in-laws for a home for the same above reason..their parents had worked hard for entire life to give the best to them. People have the right to choose where they are going to stay for all kinds of personal consideration varied by every family regardless nationality. I can't say Irvine has all the best but definitely not below the medium. Really depends on what you are willing to pay for or sacrifice for your choice. Those super wealthy asians are extremes and they ruin the image of all by spreading their money around to challenge the rest of us. Well but it's their choice, what can we do!

 

[roundcorners_IHB]

bk, are these models part of the plans?

I've been wondering what these three homes in Woodbury are; you can see them to you left as you drive north on Sand Canyon...

 

[usctrojanman29_IHB]

bk, are these models part of the plans?

I've been wondering what these three homes in Woodbury are; you can see them to you left as you drive north on Sand Canyon...

Those homes look so lonely all by themselves.

 

[awgee_IHB]

Oops, I thought that was one home, and a guest house, horsie area out back, and polo field in front.

 

[ecchan_IHB]

Oops, I thought that was one home, and a guest house, horsie area out back, and polo field in front.

Funny. Not in Irvine, CA.

 

[Mcdonna1980_IHB]

Those models are from a project called Andalucia that California Pacific Homes abandoned.