The Meadows, Lake Forest by Toll Brothers

CalBears96

Well-known member
$7-$10k per month for rent was just a plug in, not an actual figure. If the landlord was to cover their entire nut - loan (if any) taxes, insurance, and HOA dues, $7k would be pretty close. A $1.5m home with 30% down and a mortgage rate of 5.5% comes about to $7,900 PITIHOA. Yes, these speculators often paid cash, but there are some speculators that finance as well.
The point is, you're NOT getting $7k-$10k a month for rent. That is the reason I responded to CogNeuroSci in another thread that I would not be keeping my Bluffs home if/when I buy the Cielo home. The rent won't cover PITIHOA, which comes out to about $7500 a month. And this was with 2.875% rate.
 

sgip

Well-known member
Sounds like the rental market will not bear charging tenants enough to meet PITIHOA. If area rents then in the Meadows are around $5k or so per month, this must be due to the number of all cash investors/speculators who are simply covering TIHOA and not able to efficiently recoup their down payment.
 
Sounds like the rental market will not bear charging tenants enough to meet PITIHOA. If area rents then in the Meadows are around $5k or so per month, this must be due to the number of all cash investors/speculators who are simply covering TIHOA and not able to efficiently recoup their down payment.
Plenty bought way lower then what they are now. At one point Evergreen started at 1.5m.
 

sleepy5136

Well-known member
Evergreen was listed at $1.5M before TB opened interest list, but when TB actually opened interest list, it bumped up to $1.7M already.
Calbears is correct. I've seen some homes at around 1.65m+. It might have been Magnolias. But given their lot size and the location, Evergreens at 1.6m is market price I feel and not below/above market.
 

CogNeuroSci

Active member
El Toro High is also a sports powerhouse. A smart Asian kid with 4 years of sports and high gpa/scores from ETHS will likely do better in admissions than a comparable Irvine USD grad.
Four years of sports together either high GPA won't do a thing for an Asian kid at El Toro HS vs at an IUSD HS.
 

OCtoSV

Active member
au contraire - have you sent a kid to college recently? Standing out amongst your peers is the key especially for an Asian in a sea of Asians which is the world I live in up here, especially if the last name is Asian/Indian.
 
Four years of sports together either high GPA won't do a thing for an Asian kid at El Toro HS vs at an IUSD HS.
I think what he/she means to say is that a high-achieving Asian HS student in another school district with a well-rounded CV is likely to stand out more to a college admissions committee than a similar HS student with the same credentials who graduated in IUSD.

Sad to say this but I get the feeling that this is true. Having been on the other side, both medical school and residency admission committees tend to have a bias towards diversification once an arbitrary threshold is met for interviewing/accepting a certain amount of applicants from the same school/program. Interestingly, this logic doesn’t apply to certain schools if they have prestige behind their name.

IUSD will do ok in getting over the UC threshold.
Further than that (eg, Stanford, Ivy, MIT), it’s anyone’s guess.

Side note: look up AMCAS GPA matriculant data and stratify the data by race. On average, Asians would need a higher GPA to be accepted vs other cohorts.
 
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bones

Well-known member
Everyone keeps saying that but Lake Forest Asian and Irvine Asian are the same in the eyes of elite colleges (if that's what we're talking about here). There is not some big difference because you chose to "rough" it at SVUSD schools for 12 years. This is not the "hack" everyone makes it out to be.
 
Everyone keeps saying that but Lake Forest Asian and Irvine Asian are the same in the eyes of elite colleges (if that's what we're talking about here). There is not some big difference because you chose to "rough" it at SVUSD schools for 12 years. This is not the "hack" everyone makes it out to be.
I'm referring to the nature of admissions committees perceiving certain applicants as a big fish in a smaller pool vs a big fish in a bigger pool.
 

OCtoSV

Active member
I'm referring to the nature of admissions committees perceiving certain applicants as a big fish in a smaller pool vs a big fish in a bigger pool.
Schools have rough quotas for area high schools. Go ask parents at Sage Hill whether they feel it was worth it after the schools many of their kids got into vs where they thought they should have been admitted based on their CV.

In our case a very prestigious public high school very well known especially to UC and USC helped our kid gain admission to the CS program at a mid-upper tier Big 10 with a sub-3.5 gpa with high test scores and 4 years of athletics, with an aforementioned cultural last name.
 
au contraire - have you sent a kid to college recently? Standing out amongst your peers is the key especially for an Asian in a sea of Asians which is the world I live in up here, especially if the last name is Asian/Indian.
Specifying "Asian/Indian" reminds me of this comedy sketch:

:LOL:
 
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