Bubble, pandemic, or other?

[momopi]

There are a few properties in the area that has been fixed up for sale.  The interior looks good but you can't fix the neighborhood.
https://www.redfin.com/CA/Artesia/11948-Arkansas-St-90701/home/7462244

 

[irvinehomeowner]

Think about the kind of madness in pricing we would have seen in Irvine if there were no new homes for sale soaking up buyer demand, I'd venture to say that prices would be 5-10% higher than they are now.

But Irvine was supposed to be in so much pain.

Waiting for some OCHN graph that shows how much worse Irvine is than the rest of OC.

 

[usctrojancpa]

Yeah, I'd also to see that graph. haha

 

[zubs]

Allow me to assist you with a visual aid of what's going on right now


zipcode 92630....this graph is similar all across ....everywhere?

 

[Liar Loan]

Think about the kind of madness in pricing we would have seen in Irvine if there were no new homes for sale soaking up buyer demand, I'd venture to say that prices would be 5-10% higher than they are now.

But Irvine was supposed to be in so much pain.

Waiting for some OCHN graph that shows how much worse Irvine is than the rest of OC.

OC is still outperforming Irvine.  I'm glad you recognize that.

Real estate is in a bubble (as are many other asset classes) thanks to the fiscal and monetary authorities.  There's lots of money to be made right now, but be prepared for the inevitable downside.

BTW, you mentioned Beanie Babies in jest, but they are in a bubble again:

Financial Times: What the new Beanie Baby bubble tells us about the future of markets
https://www.ft.com/content/d26f4b8d-4ff8-4325-8e3a-83fbd571fd2d[/quote]