Orchard Hills 4 - "The Summit" Updates

[test]

Many available Toll Brothers homes at the Summit as well.

Impossible. @CalBears96 said there are over 300 buyers on the wait list.

There are over 300 buyers on the waitlist for Toll Brothers at Summit.

 

[Goriot]

I heard Chinese buyers all disappeared or holding off purchasing due to the latest disputes between the two countries.

 

[The Motor Court Company]

I read it somewhere Irvine is where Chinese exporters (merchants from Zhejiang for example) park their US dollars but there is some re-balancing of assets going on now so the demand is not as much as before.

 

[test]

Tariff war scared the crap out of FCBs but that opened up opportunity for everyone else to buy.

 

[someguy]

Ya'll are such teases. FCBs aren't going anywhere. Just a matter of time until we have a Mao shrine in Irvine city hall.

 

[Imnotmoving]

The way FCB’s buy homes, like how the money gets here, is that even legal? I have heard of some pretty shady deals, having to wait through very long escrows due to money coming from mysterious places…. Why is there no crack down on that?

 

[zubs]

Is it true that countries generally like people bringing money in?
Less crack down on bringing in
More crackdown on taking out.

Doesn't it make the country wealthier?

 

[GrowthStateofMind]

The way FCB’s buy homes, like how the money gets here, is that even legal? I have heard of some pretty shady deals, having to wait through very long escrows due to money coming from mysterious places…. Why is there no crack down on that?

Governments get more taxes out of inflated/appreciated home and land values, not surprised to see them turn the other way.

 

[The Motor Court Company]

if you are a buyer, you don't like the FCBs as they help make the price high. but once you own, you appreciate them because they help your equity appreciate and if they are your neighbor and their houses sit empty, you would also appreciate that extra peace and quietness since the new houses are packed like sardines.

 

[sgip]

The way FCB’s buy homes, like how the money gets here, is that even legal? I have heard of some pretty shady deals, having to wait through very long escrows due to money coming from mysterious places…. Why is there no crack down on that?

Why no crack down?

Who would profit on it? Buyers? There are already more buyers than sellers.

Morally, yes, there should be an effort to stamp out money laundering, redlining, fair housing issues, birth tourism, and all the things that follow bubble markets blown by either foreign cash OR massive corporate home buying.

The thing is that $$$ is an irresistible force and unfortunately morality is a moveable object

 

[test]

Is it true that countries generally like people bringing money in?
Less crack down on bringing in
More crackdown on taking out.

Doesn't it make the country wealthier?

 

[sleepy5136]

The way FCB’s buy homes, like how the money gets here, is that even legal? I have heard of some pretty shady deals, having to wait through very long escrows due to money coming from mysterious places…. Why is there no crack down on that?

Money talks.