Orchard Hills 4 - "The Summit" Updates

NEW -> Contingent Buyer Assistance Program
YMMV said:
billionares
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You joking. There are no billionaires in any of these Irvine villages. Not even at Shady Canyon! I would think mostly Chinese multi-millionaires (USD$10M to USD$50M) leaving their homeland to protect their wealth (illegally or legally obtained) from CCP confiscation.
 
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socalquest said:
You joking. There are no billionaires in any of these Irvine villages. Not even at Shady Canyon! I would think mostly Chinese multi-millionaires (USD$10M to USD$50M) leaving their homeland to protect their wealth (illegally or legally obtained) from CCP confiscation.
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No way a $10m-networth family can afford a $7m home at OH4.
 
vchoi said:
I can imagine that though. If I have a networth of $5m I would totally scramble everything I have and take a small loan of a million dollars to buy a $6m home in new port.

Maybe I shouldn't?
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is 6m enough to buy beach property in new port? last time I saw there are mostly 30m listings.
 
vsfan said:
is 6m enough to buy beach property in new port? last time I saw there are mostly 30m listings.
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Something like this would be good enough for me I guess. I think you are thinking about the Crystal Cove. That would be wayyyy above anyone's pay grade.

Although I still remember 15 years ago my dream home was a 500k townhouse right next to a landfill in Milpitas. Now I'm complaining about the $7M OH4 with you guys so... anything is possible.
 
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vsfan said:
is 6m enough to buy beach property in new port? last time I saw there are mostly 30m listings.
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$6m won't be on the beach, but at least "beach adjacent". Ocean front is $10m for the most part. Some of my favorites in NPB....



A $6m "knock down" but once you rebuild, it's a $13m home.


(example) - https://www.redfin.com/CA/Newport-Beach/1210-Kings-Rd-92663/home/3246400
 
vchoi said:
Something like this would be good enough for me I guess. I think you are thinking about the Crystal Cove. That would be wayyyy above anyone's pay grade.

Although I still remember 15 years ago my dream home was a 500k townhouse right next to a landfill in Milpitas. Now I'm complaining about the $7M OH4 with you guys so... anything is possible.
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Those townhouses near Great Mall? That's more like 20 years. They were being built around 2004-05 time frame. It was about the same time we bought our first townhouse in South San Jose, Communications Hill, near Capitol and 87.
 
CalBears96 said:
Those townhouses near Great Mall? That's more like 20 years. They were being built around 2004-05 time frame. It was about the same time we bought our first townhouse in South San Jose, Communications Hill, near Capitol and 87.
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Might be talking about ones near Dixon Landing?
 
CalBears96 said:
Those townhouses near Great Mall? That's more like 20 years. They were being built around 2004-05 time frame. It was about the same time we bought our first townhouse in South San Jose, Communications Hill, near Capitol and 87.
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zovall said:
Might be talking about ones near Dixon Landing?
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It was something like this one. I lived in a new apartments built by, surprise surprise, the Irvine Company very close to it. I walked the trail next to it every week and would think about how wonderful it would be to afford a house like that. Well... time certainly have changed.

Those Great Mall townhouses actually cost more iirc, maybe because they're newer. You also only get one garage for the smaller unit.

Communications Hill was very popular choice. The appreciation was really good, the commute was not... :ROFLMAO:
 
OCtoSV said:
At least Milpitas and Fremont have good schools. Communications Hill districts into Oak Grove, the Santa Ana of SJC public school districts
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Surprisingly, many people I knew in Fremont, or maybe in the Bay Area in general, would not send their kids to public school, even though the district is just as good as Irvine’s. They would spend half of their take home pay just for school. If I had that amount of money, I’d save it and buy them a condo when they grow up.
 
vchoi said:
It was something like this one. I lived in a new apartments built by, surprise surprise, the Irvine Company very close to it. I walked the trail next to it every week and would think about how wonderful it would be to afford a house like that. Well... time certainly have changed.

Those Great Mall townhouses actually cost more iirc, maybe because they're newer. You also only get one garage for the smaller unit.

Communications Hill was very popular choice. The appreciation was really good, the commute was not... :ROFLMAO:
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These townhouses are even further away from the landfill. I used to work at Texas Instruments, on First and Plumeria.
 
vchoi said:
Surprisingly, many people I knew in Fremont, or maybe in the Bay Area in general, would not send their kids to public school, even though the district is just as good as Irvine’s. They would spend half of their take home pay just for school. If I had that amount of money, I’d save it and buy them a condo when they grow up.
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The only one worth the money is Harker - that is straight up west coast Philips Exeter-level prestige with the top schools. Challenger was where all the Asians sent their kids for elementary school, especially Indians. As you’re aware however the most prestigious high schools are the publics in high $ zips - Saratoga HS, Monte Vista or any of the Cupertino schools, Mission San Jose in Fremont, Los Altos, Gunn Palo Alto, Paly, Amador Valley, Leland, Lynbrook etc. The Catholic schools are full of non Asian students whose parents want to spare them the stress of competing with Asians
 
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