Newer Irvine listings with crazy WTF asking prices from equity sellers

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Personally, I don't like to invest in real estate because it makes the money illiquid. However, the ROI is different than the stock market.

People borrow against their real estate like they borrow against their stocks when they need cash.

 

[GrowthStateofMind]

Agreed but I just found it interesting that the price doubled (if not more than doubled) even when almost everyone on here believed 10 years ago prices for these homes were expensive compared to the comps to begin with.

There’s that saying, no one knows.

 

[test]

 

[Yoda]

Listing description: "Seller Says BRING YOUR OFFER!"

https://www.redfin.com/CA/Irvine/111-Sunnybank-92618/home/194671720

Desperate times... LOL

 

[Liar Loan]

When it’s a 4.9% annual appreciation or let’s even double that to 10% which is insane but let use that as an example, once you have a primary residence to live in, what’s the appeal with residential real estate investing after that when you are getting roughly the same returns, if not more by just investing in the S&P 500? And by residential real estate investing I do not mean buying, fixing and forcing appreciation. There are folks who buy homes and just depend on appreciation and as you pointed out it’s not significant when you can get similar returns in the stock market.

It can be easier to find under priced assets in certain markets making the returns in real estate much higher than the stock market.

 

[test]

Listing description: "Seller Says BRING YOUR OFFER!"

https://www.redfin.com/CA/Irvine/111-Sunnybank-92618/home/194671720

Desperate times... LOL

That's a $700K haircut.