Think Irvine is best for appreciation or close to a bubble?

NEW -> Contingent Buyer Assistance Program
D

DrTravel

Active member
For appreciation - not even close:

https://www.marketwatch.com/story/this-city-saw-the-biggest-home-price-growth-in-2017-and-its-not-on-the-west-coast-2018-02-28?siteid=bigcharts&dist=bigcharts

In a bubble - not even close:
https://www.marketwatch.com/story/t...ble-san-francisco-isnt-one-of-them-2018-02-14

Want better appreciation? Buying in Irvine may not have been the best city and note that many of the top performers do not rely on FCBs. Bubble? Overseas market are far more likely to collapse. Speaking of bubbles...this forum lives in the "Irvine Bubble". We need to get out more  :)
 
DrTravel said:
For appreciation - not even close:

https://www.marketwatch.com/story/this-city-saw-the-biggest-home-price-growth-in-2017-and-its-not-on-the-west-coast-2018-02-28?siteid=bigcharts&dist=bigcharts

In a bubble - not even close:
https://www.marketwatch.com/story/t...ble-san-francisco-isnt-one-of-them-2018-02-14

Want better appreciation? Buying in Irvine may not have been the best city and note that many of the top performers do not rely on FCBs. Bubble? Overseas market are far more likely to collapse. Speaking of bubbles...this forum lives in the "Irvine Bubble". We need to get out more  :)
Click to expand...

I think what separates Irvine from these other places is that Irvine still has a ton of land to build on (in comparison, at least).  This helps "moderate" home price increases.  It also makes it a good future investment, as eventually, land will run out to build on.
 
Short-term, all the new homes being built in Irvine are putting a lid on price appreciation.  classic case of supply vs demand.  In the event of a recession, the builders will adjust their production which should temper price declines.  Long term, price appreciation in Irvine will depend on whether it maintains the quality of life people want out of the community and whether their schools continue to be top rated. 
 
According to the 5-year appreciation % the best city to invest was Las Vegas.  That makes sense.. Cities that crashed the hardest have the most room to run.

Vegas dropped around 70% during the crash.

Irvine dropped by only 30% during the crash.
 
You must log in or register to reply here.
Back
Top