FCB has been here for 10+ years now? and some have been saying it's going away for the past few years and it hasn't happened, so we know Irvine has higher pricing b/c of them, I don't think anyone is disputing that fact and that there are a lot of cash buyers in Irvine (not solely FCB). I also believe it's here to stay for the foreseeable future. Current buyers should know that by looking at housing prices in Irvine and outside of Irvine, there's an Irvine premium and it's their money to spend on that premium if they choose to.
PS/OH will be finished in the next 3-4 years if not sooner? GP homes that don't zone to IUSD I won't count here as they will likely still be building GP out that way. Resale will be the only way to go, so my guess is there will be a bump in prices when the supply goes down even further and only resale is available.
Bones is way more knowledgeable about private schools and public schools than I am, so I can't add much there. If someone wants their kid in a great college, send them to a horrible school district for high school, that's a better bet than IUSD. Have them shine and do well there, just be sure they don't fall into the wrong crowds, it's been discussed here in the past.
