Irvine Real Estate in 2015... Good or Bad Year?
- Thread starter Legit949
- Start date
NEW -> Contingent Buyer Assistance Program
Chinese government is cracking down on corruption and extravagence...a lot of the FCBs are too scared now to use their money, especially outside of China.
http://www.mcclatchydc.com/2014/12/05/249128_chinas-corruption-crackdown-takes.html?rh=1
Conversely:
http://www.ft.com/cms/s/0/cb9308f2-6983-11e4-8f4f-00144feabdc0.html#axzz3NhiO6Oio
Wait...I though you're in John's Creek! Good luck up north...real estate prices are equally crazy up there...maybe even more so.
I wonder what's going on with Five Points First Refusal Right? Seems like they would purchase the property just to ensure their future neighborhoods sell well, but they haven't come forward and said anything yet, nor is there any recent news on this.
From this website (but it's old news):http://www.theliberaloc.com/2014/07...pprove-great-park-site-for-veterans-cemetery/
The folks at Five Point and their army of consultants will likely shift their attention to Spitzer?s efforts to move the Cemetery and Memorial anywhere but the Great Park. A battle was won last night but the war continues. FivePoint has the right of first refusal in 2017 for that parcel, and should they deny the Vet?s a resting place at the Great Park, even Emile Haddad?s millions won?t help them.
Fact: 2015 is the year of the (Wooden) Sheep.
Plan accordingly.
-IR2
woodburyowner
Well-known member
My guess is relatively flat. +/- 5%. Wasn't there another thread for 2013 prices with a wager involved? Anyone remember?
Spykeekuya
New member
?Cemetery: State and local officials can begin working to create a new veterans' cemetery at the former El Toro Marine Corps Air Station in Irvine.
http://www.latimes.com/local/politics/la-me-pol-new-state-laws-20150101-story.html#page=2
so... down.
http://www.latimes.com/local/politics/la-me-pol-new-state-laws-20150101-story.html#page=2
so... down.
irvinehomeshopper
Well-known member
Thank God that this is happening. The yellow invasion has been driving the whites out. Price inflation and demand have been out of sync because of the Chinese. The cemetery will keep Chinese buyers away and allowing prices to stabilize. The white buyers won't mind the green open space. Some of the most beautiful neighborhoods in SoCal were built around a cemetery. This will be good the the white consumers and some of the younger ABC generation buyers as long their deposit is not coming from their elders.
Spykeekuya said:
J
jmoney74
Guest
100-200% gains.. IMO. Call me if you need Real estate help and I will help you buy your dream home today. 949-306-5347.
If you buy a 1M home soon.. you can possibly gain 2M in the next 12 months. Hurry.
If you buy a 1M home soon.. you can possibly gain 2M in the next 12 months. Hurry.
irvinehomeowner
Well-known member
Did you tell Farmmie you were posting his phone number?jmoney74 said:
Irvinecommuter
New member
It will stay flat....inventory will continue to grow with new construction but demand will be sufficient to keep prices stable. I am thinking 3-5% in price increase.
There is a big X factor in what the Fed does next year...a 1-2% increase in the lending rate could have a big impact on buying public, especially now the well of FCB is drying up.
There is a big X factor in what the Fed does next year...a 1-2% increase in the lending rate could have a big impact on buying public, especially now the well of FCB is drying up.
irvinehomeowner
Well-known member
I don't think the well of FCBs will ever dry up... especially now that there is a DTF at SCP. 
homer_simpson
Well-known member
On a side note... Just wanted to thank everyone for letting me live in Socal.. I'll be taking my talents back up north to the bay area!!
Irvinecommuter
New member
irvinehomeowner said:I don't think the well of FCBs will ever dry up... especially now that there is a DTF at SCP.
Chinese government is cracking down on corruption and extravagence...a lot of the FCBs are too scared now to use their money, especially outside of China.
http://www.mcclatchydc.com/2014/12/05/249128_chinas-corruption-crackdown-takes.html?rh=1
Conversely:
http://www.ft.com/cms/s/0/cb9308f2-6983-11e4-8f4f-00144feabdc0.html#axzz3NhiO6Oio
Irvinecommuter
New member
FARMMMMMIE said:
Wait...I though you're in John's Creek! Good luck up north...real estate prices are equally crazy up there...maybe even more so.
aquabliss
Well-known member
Spykeekuya said:
I wonder what's going on with Five Points First Refusal Right? Seems like they would purchase the property just to ensure their future neighborhoods sell well, but they haven't come forward and said anything yet, nor is there any recent news on this.
From this website (but it's old news):http://www.theliberaloc.com/2014/07...pprove-great-park-site-for-veterans-cemetery/
The folks at Five Point and their army of consultants will likely shift their attention to Spitzer?s efforts to move the Cemetery and Memorial anywhere but the Great Park. A battle was won last night but the war continues. FivePoint has the right of first refusal in 2017 for that parcel, and should they deny the Vet?s a resting place at the Great Park, even Emile Haddad?s millions won?t help them.
thelandofnoland
New member
Please contact me athttp://thenewhomeblog.wix.com/the-new-home-blogfor more information on the original post. Thank you.
irvinerealtor
Well-known member
Legit949 said:
Fact: 2015 is the year of the (Wooden) Sheep.
Plan accordingly.
-IR2
irvinehomeowner
Well-known member
Someone should ask Farmie, I think he's bought a home in Irvine once every year since 2011.
My prediction: You can't go wrong with Irvine. Unless there is some huge financial crisis, there is no bad time to buy... even the top of bubble buyers, the knife catchers and toxic loan financiers are all in the black by now.
Long live the Unicorn!
My prediction: You can't go wrong with Irvine. Unless there is some huge financial crisis, there is no bad time to buy... even the top of bubble buyers, the knife catchers and toxic loan financiers are all in the black by now.
Long live the Unicorn!