bkshopr_IHB
New member
Here is a rule of thumb when looking for a home. The closer that you are to Neiman Marcus, Saks 5<sup>th</sup> Ave, and Nordstrom near by real estates hold its value.
No kidding, I have heard wealthy individuals pick up the brochure for Gucci, Chanel, and Neiman Marcus just to look for their location and snap up real estates near by as second home and investment.
Here is a hint: home buyers are not savvy in research so they go on line google a couple of words and found “Irvine Housing Blog”. This is one of the good methods.
The second is to ride on the coat tail of successful up scaled home retailers like Restoration Hardware and Pottery Barn. Both of these companies have done extensive marketing, income, and demographic studies and invested in very promising locations. Start there first in finding a home.
The third is look for a place where there are attorneys and surgeons practice near by. Plastic Surgery center and In vitro fertilization clinic are indication of extra disposable income in the neighborhood. Regional and headquarter hospital prevent community erosion. CHOC, St Joseph, Hoag, and Irvine Medical Center are places where government set aside good funding for street and community up keeping. Most doctors and attorneys are compensated highly and long commuting time means money loss. So many lives close by their work. Do not buy a home next to a hospital. several miles away usually are well sought after communities. Resale are extremely good at these locations.
This group tends to have more money but no time. Rule of thumb, individuals with lower pay scale has more time than money so they can afford to lose time in commuting. Inland Empire and Corona fall into that particular demographic.
Before buying into the community check out the type of business near by. They are a good indicator of who lives there.
No kidding, I have heard wealthy individuals pick up the brochure for Gucci, Chanel, and Neiman Marcus just to look for their location and snap up real estates near by as second home and investment.
Here is a hint: home buyers are not savvy in research so they go on line google a couple of words and found “Irvine Housing Blog”. This is one of the good methods.
The second is to ride on the coat tail of successful up scaled home retailers like Restoration Hardware and Pottery Barn. Both of these companies have done extensive marketing, income, and demographic studies and invested in very promising locations. Start there first in finding a home.
The third is look for a place where there are attorneys and surgeons practice near by. Plastic Surgery center and In vitro fertilization clinic are indication of extra disposable income in the neighborhood. Regional and headquarter hospital prevent community erosion. CHOC, St Joseph, Hoag, and Irvine Medical Center are places where government set aside good funding for street and community up keeping. Most doctors and attorneys are compensated highly and long commuting time means money loss. So many lives close by their work. Do not buy a home next to a hospital. several miles away usually are well sought after communities. Resale are extremely good at these locations.
This group tends to have more money but no time. Rule of thumb, individuals with lower pay scale has more time than money so they can afford to lose time in commuting. Inland Empire and Corona fall into that particular demographic.
Before buying into the community check out the type of business near by. They are a good indicator of who lives there.
