talkirvine
Member
https://calsalaries.com/ben-lourie-5709687Cornflakes said:
He was hired in 2015. UC system pays more for more recent hires just to keep competitive on the job market.
Where the market is - Buyer Offers
- Thread starter usctrojancpa
- Start date
NEW -> Contingent Buyer Assistance Program
He was hired in 2015. UC system pays more for more recent hires just to keep competitive on the job market.
I should have added that I'm a guy. Typically thats the attitude you can expect in the OC dating scene ;D haha
It somewhat makes sense to me though; you've got teenagers driving down Jamboree in Lamborghinis, why would a girl be interested in a 25yr old guy living at home haha. My friends that still live with their parents have had the same experience...
Literally everyone I knew in my 20s rented an apartment. As long as you're not doing something dumb like renting a $4k amenity building unit, you should be fine.
Honestly, I went on a shitton of dates while still living in a jr 1bd apt in Irvine and driving a Honda Accord just fine. I definitely was making less money than you. Right before I met my future wife, I was online dating like crazy, like 6+ dates/wk.
I think you gotta ignore all this conspicuous consumption.
If you are really fixated on buying a home, you should consider a smaller property in the area (e.g. Keller Dr in Tustin Ranch) or moving to a lower cost area.
Went on 6 dates per week? Dang, you were really working it online. haha
If he paid for all those dinners and movies, then the stats on the NAR report checks out...
Rent a room. It's a lot easier to find roommates when you're in your 20s than in your 30s, so take advantage of this stage of your life to get some freedom and still save a boatload of money. Remember if you move into a new place you need to buy TV, furniture, kitchen stuff, could be another 10-20k if you don't want hand me downs and depending on how big of a place.
When I was in my early twenties I moved in with two guys who owned a big house in Irvine, they each had their girlfriends living with them. I got to meat a lot of people through them, the main downside was dealing iwth noise, but earplugs are cheap. Did that for a few years, saved a boatload of money, bought a townhouse in 2009 in my late twenties, and that was a good purchase.
I totally agree! great interior; now to find a place with that look outside as-well ;D (or am I asking for too much LOL)
Crowned king - having a dual income does help, I would not have been able to afford to purchase our home with just my salary. But, I will say we felt the same at 25 - looked around at the housing market and it felt like an impossible task to buy. We moved to a cheaper place(rental), took a hard look at our spending, made savings goals, bought a cheap car etc etc etc. We bought our first home when we were 28 (we are 29 now so this is recent lol). I know it feels impossible but a lot can change in just a few years. It is easier with a partner but you can probably achieve it on your own. Keep your head up and don't lose hope.
looking for a newer 1 or 2 bed townhome, around the low 500's
If I were you, I would buy in Ontario/Eastvale. You can get a 3-4 bedroom brand new detached condo with that price. The price has increased a lot over the last year and it still has the potential to increase. With less than $200/sqft, you can not beat that price any where in Orange county.
He was hired in 2015. UC system pays more for more recent hires just to keep competitive on the job market.
crownedking
New member
Cares said:
I should have added that I'm a guy. Typically thats the attitude you can expect in the OC dating scene ;D haha
It somewhat makes sense to me though; you've got teenagers driving down Jamboree in Lamborghinis, why would a girl be interested in a 25yr old guy living at home haha. My friends that still live with their parents have had the same experience...
Hugo Township
Active member
crownedking said:
Literally everyone I knew in my 20s rented an apartment. As long as you're not doing something dumb like renting a $4k amenity building unit, you should be fine.
Honestly, I went on a shitton of dates while still living in a jr 1bd apt in Irvine and driving a Honda Accord just fine. I definitely was making less money than you. Right before I met my future wife, I was online dating like crazy, like 6+ dates/wk.
I think you gotta ignore all this conspicuous consumption.
If you are really fixated on buying a home, you should consider a smaller property in the area (e.g. Keller Dr in Tustin Ranch) or moving to a lower cost area.
Cornflakes
Active member
If I am a 25 yr old, making decent $, and facing financing hurdles with lenders because of a single income, this is what I'd do:
Have my parents help me with a down payment large enough that brings my DTIs to a desirable level. Give the parents their money back eventually or have their name as % owner on the title of the home.
Alternatively, get an FHA loan with lower down payment. When numbers improve in 2-3-5 years, refi out of it. Small price to pay but who know you get much more value out of owning and living in your own place than paying few more $ for an expensive loan.
Have my parents help me with a down payment large enough that brings my DTIs to a desirable level. Give the parents their money back eventually or have their name as % owner on the title of the home.
Alternatively, get an FHA loan with lower down payment. When numbers improve in 2-3-5 years, refi out of it. Small price to pay but who know you get much more value out of owning and living in your own place than paying few more $ for an expensive loan.
usctrojancpa
Well-known member
HMart said:
Went on 6 dates per week? Dang, you were really working it online. haha
Cornflakes
Active member
USCTrojanCPA said:
If he paid for all those dinners and movies, then the stats on the NAR report checks out...
usctrojancpa
Well-known member
Made an offer over list on this Montecito Plan 2 home in Woodbury earlier today...
https://www.redfin.com/CA/Irvine/32-Marblehead-92620/home/28931918
Agent said they have multiple offers (big shocker) and will be reviewing them with the seller on Sunday night.
https://www.redfin.com/CA/Irvine/32-Marblehead-92620/home/28931918
Agent said they have multiple offers (big shocker) and will be reviewing them with the seller on Sunday night.
ThirtySomethingWEquity
Active member
crownedking said:
Rent a room. It's a lot easier to find roommates when you're in your 20s than in your 30s, so take advantage of this stage of your life to get some freedom and still save a boatload of money. Remember if you move into a new place you need to buy TV, furniture, kitchen stuff, could be another 10-20k if you don't want hand me downs and depending on how big of a place.
When I was in my early twenties I moved in with two guys who owned a big house in Irvine, they each had their girlfriends living with them. I got to meat a lot of people through them, the main downside was dealing iwth noise, but earplugs are cheap. Did that for a few years, saved a boatload of money, bought a townhouse in 2009 in my late twenties, and that was a good purchase.
crownedking
New member
CLB_srA said:
I totally agree! great interior; now to find a place with that look outside as-well ;D (or am I asking for too much LOL)
usctrojancpa
Well-known member
Made another 2 offers for 2 of my buyers today for these 2 homes....
https://www.redfin.com/CA/Irvine/9-Robinstree-92602/home/4793849
https://www.redfin.com/CA/Irvine/73-Navigator-92620/home/7203459
https://www.redfin.com/CA/Irvine/9-Robinstree-92602/home/4793849
https://www.redfin.com/CA/Irvine/73-Navigator-92620/home/7203459
crownedking said:
Crowned king - having a dual income does help, I would not have been able to afford to purchase our home with just my salary. But, I will say we felt the same at 25 - looked around at the housing market and it felt like an impossible task to buy. We moved to a cheaper place(rental), took a hard look at our spending, made savings goals, bought a cheap car etc etc etc. We bought our first home when we were 28 (we are 29 now so this is recent lol). I know it feels impossible but a lot can change in just a few years. It is easier with a partner but you can probably achieve it on your own. Keep your head up and don't lose hope.
ucla bruin
New member
That's interesting you took it as that.
I didn't read it as him blaming the world, just sharing his sentiments and challenges of having goals vs meeting them.
Crowned King - keep doing what you're doing. 6 figures by 25 is already an achievement. Renting a room as opposed to a single apt definitely helps. I did that for many years when I was still single. Save wherever you can. Invest your money. Chart your growth and see if it's on track, make adjustments.
Evaluate your expectations too. Your first house doesn't need to be a multi-million dollar home.
I didn't read it as him blaming the world, just sharing his sentiments and challenges of having goals vs meeting them.
Crowned King - keep doing what you're doing. 6 figures by 25 is already an achievement. Renting a room as opposed to a single apt definitely helps. I did that for many years when I was still single. Save wherever you can. Invest your money. Chart your growth and see if it's on track, make adjustments.
Evaluate your expectations too. Your first house doesn't need to be a multi-million dollar home.
crownedking
New member
Mety said:
looking for a newer 1 or 2 bed townhome, around the low 500's
sgip
Well-known member
Crowned King - I'm curious why Irvine only, when there aren't kids (schooling) or really commute issues at play here. Is this more or less a MAX ROI question or something else not yet noted? Everyone has their reasons for buying in Irvine - all of them are legitimate and personal - but as a mid 20's single person if equity appreciation wasn't at the top of my list, I'd probably buy reasonably close at a lower price point.
What is behind the drive to buy in this red hot location specific market versus 1-3 miles outside of Irvine - if you care to share please.
What is behind the drive to buy in this red hot location specific market versus 1-3 miles outside of Irvine - if you care to share please.
talkirvine
Member
Mety said:
If I were you, I would buy in Ontario/Eastvale. You can get a 3-4 bedroom brand new detached condo with that price. The price has increased a lot over the last year and it still has the potential to increase. With less than $200/sqft, you can not beat that price any where in Orange county.