Newer Irvine listings with crazy WTF asking prices from equity sellers

Davidlee199 said:
Don?t be surprised mortgage rate will hit 6% by end of this year.  U.S. stocks are lower after Federal Reserve Governor Lael Brainerd said the central bank would "continue tightening monetary policy methodically through a series of interest rate increases" and start to reduce the balance sheet at a rapid pace as early as May.

That will motivate more people to buy now with low inventory.

If people actually believed rates would stay the same or not go up maybe they would be more cautious on bidding on homes and wait to see if more homes hit the market in the spring selling season.

 
buy now or get priced out forever..

Ready2Downsize said:
Davidlee199 said:
Don?t be surprised mortgage rate will hit 6% by end of this year.  U.S. stocks are lower after Federal Reserve Governor Lael Brainerd said the central bank would "continue tightening monetary policy methodically through a series of interest rate increases" and start to reduce the balance sheet at a rapid pace as early as May.

That will motivate more people to buy now with low inventory.

If people actually believed rates would stay the same or not go up maybe they would be more cautious on bidding on homes and wait to see if more homes hit the market in the spring selling season.
 
https://www.redfin.com/CA/Irvine/101-Aster-Mesa-92618/home/112725868?600390594=copy_variant&231528114=control&utm_source=ios_share&utm_medium=share&utm_nooverride=1&utm_content=link&utm_campaign=share_sheet

Damn, I know another home sold for $9m but that was at the top.
 
Ready2Downsize said:
Davidlee199 said:
Don?t be surprised mortgage rate will hit 6% by end of this year.  U.S. stocks are lower after Federal Reserve Governor Lael Brainerd said the central bank would "continue tightening monetary policy methodically through a series of interest rate increases" and start to reduce the balance sheet at a rapid pace as early as May.

That will motivate more people to buy now with low inventory.

If people actually believed rates would stay the same or not go up maybe they would be more cautious on bidding on homes and wait to see if more homes hit the market in the spring selling season.

Motivation and capacity to pay are two separate things.

Incomes are going down on a real basis, while home prices and mortgage rates skyrocket.  How long do you suppose this is sustainable?
 
Attached condo with 3 bedrooms in Woodbury asking price $1,990,000.  Big $10k discount from $2 mill
;D ;D ;D

https://www.redfin.com/CA/Irvine/100-Townsend-92620/home/12257231?600390594=copy_variant&231528114=control&utm_source=ios_share&utm_medium=share&utm_nooverride=1&utm_content=link&utm_campaign=share_sheet 
 
First Bank is now offering new customer 3% savings rate on performance checking account.  Most cash buyers will disappear once all banks start offering 3-4% savings rate.  Why would cash buyers keep buying homes if home prices NOT going up anymore?  Besides, imagine less buyers can qualify for mortgages once mortgage rates hit 6-7% by end of this year.  Demand will be less than supply?..
Expect supply to go up in the near futurehttps://www.wsj.com/amp/articles/as...ar-time-is-running-out-to-cash-in-11649275058
 
Danimal said:
Attached condo with 3 bedrooms in Woodbury asking price $1,990,000.  Big $10k discount from $2 mill
;D ;D ;D

https://www.redfin.com/CA/Irvine/100-Townsend-92620/home/12257231?600390594=copy_variant&231528114=control&utm_source=ios_share&utm_medium=share&utm_nooverride=1&utm_content=link&utm_campaign=share_sheet 

Yeah, good luck with that.
 
USCTrojanCPA said:
Danimal said:
Attached condo with 3 bedrooms in Woodbury asking price $1,990,000.  Big $10k discount from $2 mill
;D ;D ;D

https://www.redfin.com/CA/Irvine/100-Townsend-92620/home/12257231?600390594=copy_variant&231528114=control&utm_source=ios_share&utm_medium=share&utm_nooverride=1&utm_content=link&utm_campaign=share_sheet 

Yeah, good luck with that.

$900+/sq ft for an attached condo.  ::)
 
CalBears96 said:
USCTrojanCPA said:
Danimal said:
Attached condo with 3 bedrooms in Woodbury asking price $1,990,000.  Big $10k discount from $2 mill
;D ;D ;D

https://www.redfin.com/CA/Irvine/100-Townsend-92620/home/12257231?600390594=copy_variant&231528114=control&utm_source=ios_share&utm_medium=share&utm_nooverride=1&utm_content=link&utm_campaign=share_sheet 

Yeah, good luck with that.

$900+/sq ft for an attached condo.  ::)

It better have city or ocean views for that price per SF but alas this one doesn't.  Let's see how long before the drop the price and/or de-list it. I have 4 words about the seller.....NOT SURE IF SERIOUS
 
Davidlee199 said:
First Bank is now offering new customer 3% savings rate on performance checking account.  Most cash buyers will disappear once all banks start offering 3-4% savings rate.  Why would cash buyers keep buying homes if home prices NOT going up anymore?  Besides, imagine less buyers can qualify for mortgages once mortgage rates hit 6-7% by end of this year.  Demand will be less than supply?..
Expect supply to go up in the near futurehttps://www.wsj.com/amp/articles/as...ar-time-is-running-out-to-cash-in-11649275058

That 3% rate is only for the first $25,000 in balance.  Rest earns next to nothing. 
 
Don?t think Chinese FCBs are that foolish. With that price you can get detached in nicer areas..


USCTrojanCPA said:
CalBears96 said:
USCTrojanCPA said:
Danimal said:
Attached condo with 3 bedrooms in Woodbury asking price $1,990,000.  Big $10k discount from $2 mill
;D ;D ;D

https://www.redfin.com/CA/Irvine/100-Townsend-92620/home/12257231?600390594=copy_variant&231528114=control&utm_source=ios_share&utm_medium=share&utm_nooverride=1&utm_content=link&utm_campaign=share_sheet 

Yeah, good luck with that.

$900+/sq ft for an attached condo.  ::)

It better have city or ocean views for that price per SF but alas this one doesn't.  Let's see how long before the drop the price and/or de-list it. I have 4 words about the seller.....NOT SURE IF SERIOUS
 
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