Newer Irvine listings with crazy WTF asking prices from equity sellers

You should, and don't forget to bring a suitcase with a few bills sticking out, just to see all the other FCBs' reactions, as well as the agent's.  :D

You just gotta have fun with this!!  :p

 
So interesting how this thread has exploded... gotta be a mini-bubble... curse you Irvine Unicorn for vomiting on my 3CWG dreams!!!!

unicorn-6001.jpg
 
irvinehomeowner said:
So interesting how this thread has exploded... gotta be a mini-bubble... curse you Irvine Unicorn for vomiting on my 3CWG dreams!!!!
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That is the million dollar question. How long will this RE trend continue? Is this price appreciation sustainable?

Interesting article in the NY Times talking about how Quantitative Easing by the Fed is leading to rampant speculation and NOT sustainable growth in the economy:
http://dealbook.nytimes.com/2013/04/17/efforts-to-revive-the-economy-lead-to-worries-of-a-bubble
 
iacrenter said:
irvinehomeowner said:
So interesting how this thread has exploded... gotta be a mini-bubble... curse you Irvine Unicorn for vomiting on my 3CWG dreams!!!!
Click to expand...

That is the million dollar question. How long will this RE trend continue? Is this price appreciation sustainable?

Interesting article in the NY Times talking about how Quantitative Easing by the Fed is leading to rampant speculation and NOT sustainable growth in the economy:
http://dealbook.nytimes.com/2013/04/17/efforts-to-revive-the-economy-lead-to-worries-of-a-bubble
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I think only debate is whether it's a mini-bubble or a full-sized bubble.

The OC median home price for March is up 26% over last year.  Three zips in Irvine show greater than 40% price increases.
http://www.dqnews.com/Charts/Monthly-Charts/OC-Register-Charts/ZIPOCR.aspx
 
irvinehomeowner said:
So interesting how this thread has exploded... gotta be a mini-bubble... curse you Irvine Unicorn for vomiting on my 3CWG dreams!!!!

unicorn-6001.jpg
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Where did you get that pic from?  At this rate, you'll better off building your own 3CWG, versus one pre made.  I would focus on neighborhoods with 3CWG but the original owners opted for 2CWG.  Comb thru IrvineRealtors floorplans....I would focus on late 90s neighborhoods, highlight hoods with 3CWG, set your Redfin radar, and wait.. Or go knock on the door of some potential 2CWG convert to 3CWG owners and give a make me move price..
 
my guess is some Asian buyer saw this thread and was urged to overpay in order not to have too many people "violate" his/her future home during the open house. typical Asian mentality.

cowlemon said:
It went pending in 7 days.

cowlemon said:
The Motor Court Company said:
that's just ridiculous. I might as well drop by the open house to see if packed with FCBs

cowlemon said:
http://www.redfin.com/CA/Irvine/67-Canal-92620/home/7210072

1500 sq ft for $700K detached condo.
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Yup..my reaction was....

[youtube]http://www.youtube.com/watch?v=fTHL0MAWkmY[/youtube]
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This Asian FCB loves gold more than real-estate? does plummeting gold price hurt Irvine real-estate as Asian buyers look to invest their money elsewhere?

or was this just a tactic to stall open house?

hrcp said:
The Motor Court Company said:
my guess is some Asian buyer saw this thread and was urged to overpay in order not to have too many people "violate" his/her future home during the open house. typical Asian mentality.

cowlemon said:
It went pending in 7 days.

cowlemon said:
The Motor Court Company said:
that's just ridiculous. I might as well drop by the open house to see if packed with FCBs

cowlemon said:
http://www.redfin.com/CA/Irvine/67-Canal-92620/home/7210072

1500 sq ft for $700K detached condo.
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Back on the market after 3 days in Pending.  Perhaps these speculative investor/buyers are coming to their senses after a crazy run up in the past 3 months.
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cowlemon said:
cowlemon said:
ps9 said:
cowlemon said:
http://www.redfin.com/CA/Irvine/67-Plantation-92620/home/17467497

The last one house with the same floor plan sold for $700K.
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Almost bought one of these Stonetrees while back.  Floorplan is ok, I believe not all Stonetrees are the same, some have a front yard depending on their location in Woodbury.  I don't see any upgrades that justify the price but then this is 3/2013.. totally different than 12/2012 when the other one sold for $700k (that one was originally purchase for just over a mil for a Stonetree! ouch!).
http://www.redfin.com/CA/Irvine/26-Long-Fellow-92620/home/12253208
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I prefer Long Fellow since it faces a park while this one faces a small courtyard.  I almost bought the Long Fellow one last Oct, but ultimately went with a Portisol plan 1 for the front and backyards.
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It's pending only after 8 days.
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Another Stonetree home on the market:

$1M!!! Crazy pricing but people are buying.http://www.redfin.com/CA/Irvine/163-Great-Lawn-92620/home/21931103

I'm guessing they are looking for mid $900K
A plan 2 at 67 Plantation closed at $945Khttp://www.redfin.com/CA/Irvine/67-Plantation-92620/home/17467497
And plan 2, 67 Great Lawn is Pending Statushttp://www.redfin.com/CA/Irvine/67-Great-Lawn-92620/home/7210910
 
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