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The point stands no matter which unit of measurement is used. Timing matters for primary residences in Irvine.

There are thousands of people that learned this the hard way by losing their homes, as you well know. You tried to time the market to take advantage of these poor individuals' hardship, but you didn't succeed.
 
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Liar Loan said:
The point stands no matter which unit of measurement is used. Timing matters for primary residences in Irvine.

There are thousands of people that learned this the hard way by losing their homes, as you well know. You tried to time the market to take advantage of these poor individuals' hardship, but you didn't succeed.
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I'm not sure why it matters unless you're forced to sell?


When did you buy in Irvine?
 
Liar Loan said:
The point stands no matter which unit of measurement is used. Timing matters for primary residences in Irvine.

There are thousands of people that learned this the hard way by losing their homes, as you well know. You tried to time the market to take advantage of these poor individuals' hardship, but you didn't succeed.
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Was the root problem a matter of market timing, or more so a matter of poor risk management, over
leveraging, unqualified buyers benefiting from loose lending standards back then, and too short of a time horizon?

If someone had the means to hold through the drawdown during those years, they’d be up minimum several hundred thousand in equity now since even most modern 2 bedroom condos in Irvine are $900k and up, and there’s no SFRs in Irvine below a million nowadays.
 
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Liar Loan said:
The point stands no matter which unit of measurement is used. Timing matters for primary residences in Irvine.

There are thousands of people that learned this the hard way by losing their homes, as you well know. You tried to time the market to take advantage of these poor individuals' hardship, but you didn't succeed.
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So avoiding the facts as usual when you get caught trying to misinform and then when I call you out on your data, you try to make some type of vague insult.

I'll save you the math... percentage wise, Irvine was in the lowest percentiles when it comes to foreclosures vs total number of residences. Newport Beach was one of the few that came close, most other OC cites, multiple times Irvine's foreclosure rate.

So did Irvine fare better? Yes. Did IrvineRenter "profile thousands of Irvine foreclosures in Irvine"? How could he? He didn't blog IHB daily. Just common sense makes your claim wrong.

It's okay, I know you're still hurt over your IE losses and your current location isn't doing as well as Irvine in appreciation... that's why you won't share it because you know you can't compare it to Irvine. Probably can't even compare to John's Creek.

Give it a rest... history has proven you very wrong... people who bought in Irvine every year you said not to are doing so much better than you are. That is the point that stands.

And I've proven to you that timing is not the only thing, affordability and being able to stay long term is more important. Anyone who bought during peak in 2008, was doing much better from 2013 on (and could take advantage of low rates and refis to boot).

It's embarrassing for you to be such a sore liar.
 
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