Olivewood at Portola Springs by New Home Co.

NEW -> Contingent Buyer Assistance Program
irvinehomeowner said:
Welcome to TalkIrvine @vchoi . Don't you think any of these homes are overpriced?
Click to expand...
Just my 2 cents. I think vast majority of the buyers in Irvine are investors now. They don't care about how expensive the house is, but how the price is going. This is why around June last year, when everyone every investor realized the growth is ending, people just stopped buying within weeks. Maybe some days investors want their money out then the price will collapse, maybe some days more rich full cash buyers show up out of nowhere and the price will rise. Either way it's a investors game.

Local working classes are priced out long time ago. If you don't own a house in Irvine now then you probably not going to buy one anytime soon. Most people I know buys Ladera Ranch, Anaheim Hills, RSM etc.
 
You must log in or register to reply here.
Back
Top