The Motor Court Company
Well-known member
I like to keep sharing a study published by Irvine Housing Blog a long time ago, about the intrinsic value of several house attributes; everything else being the same, 3rd story is the most negative value wise, # of bedrooms is neutral if sq footage is the same, and single story and extra bathroom are the most positive.
Irvine/South Orange County has plenty of land for new builds so there is no reason to build 3rd story homes except builder greed. The ongoing downturn is a good lesson for developers not become so greedy and build these abominations and end up holding the bag.
Irvine/South Orange County has plenty of land for new builds so there is no reason to build 3rd story homes except builder greed. The ongoing downturn is a good lesson for developers not become so greedy and build these abominations and end up holding the bag.