Who bought the 2010 home?

NEW -> Contingent Buyer Assistance Program
[quote author="mikeirvine"]mmmm .... you need a beer my friend. :'(

We can both Look at this on the bright side as you are not me and I'm not you.

Pls don't make fun of the low income housing people, I'm happy to be neighbor with them or others, their kids can go to school with mine ..... I think you make the right decision to stay out of Irvine as you can't live around with people that are different from you.
[/quote]

Oh, Mike. I just don't think you get what I am trying to say. It's not about the low-income housing "people" --- and I did not make fun of any low income housing people. It's what you are PAYING to live next to low income housing that is the problem. And what you are paying is not about how much YOU can afford, its about driving the price up SO HIGH for an asset not worth that price that is the issue.

Do you understand the terms "bidding up" or "bubble"? Well, I do. I've lived in Irvine since 2005, and saw one bubble, and now fear another is starting. But I'm not going to stick around to watch and wait.

And BTW while I appreciate your concerns about me embracing diversity, don't worry. Trust me, my bi-racial child will live around a whole lot more low-income black, brown, and any other people you can imagine when we move back to Los Angeles. I'm pretty sure you don't want to get into a comparison with me about who's kids will go to school with more "different" children. <!-- s;) -->;)<!-- s;) -->

Have a great weekend, Mike. I'm think maybe you and I need to get together with BK for a couple of soju bombs, how about it?
 
[quote author="mikeirvine"]Hi CK

Now you are talking <!-- s:D -->:D<!-- s:D --> I like the idea

I'm not a soju person, but I like Bohae or whisky <!-- s:) -->:)<!-- s:) --> you guys not going to rob me when I got drunk right? <!-- s:( -->:(<!-- s:( -->

Mike
[/quote]

I've actually been partial to making Caipirinha's with Leblon Cachaca lately. There is no problem that cannot be resolved with a taste of Brazil. <!-- s;) -->;)<!-- s;) -->

Next week we need to set up a happy hour with all the participants of this thread. I'll buy.
 
Her Great grand uncles were Al and Charles Christie of the Christie Comedy the founders of silent pictures.

The technology of film camera was invented by Thomas Edison in Edison, New Jersey where the brothers created the very first motion picture. The sets were simple and basic but due to the need for strong lights only natural sun light was possible to expose the films. White bed sheets were used to filter glare. Daylight was limited to just a few hours in the East Coast so they decided to move their operation to either Florida or California the sunshine states. They flipped a coin to determine the final destination. Head was Florida and tail was California and we all knew the result.

In 1919 they started the very first movie studio at Sunset and Gower known as the Christie Studio. Without them Hollywood would not have existed. Chaplin, Pickford and Valentino would not have become legends and we would not have movie palaces. Hollywood would not have existed and director Milton Bren would not have become a director in Hollywood.

His son Donald would have had a totally different destiny because his step mother Claire Trevor an actress who first introduced Donald to Newport Beach in the 40's would have never married to Milton Bren. Donald would have had a totally different destiny and Irvine Family would not had to faced a hostile take over by Donald and Irvine would be totally different and FCB could not take place and you would not be buying a Sonoma because both Woodbury and your movie industry would not exist in California thus the $800k in your bank account could not have been possible without the Christies.
 
[quote author="ck"]
[quote author="mikeirvine"]Hi CK

Now you are talking <!-- s:D -->:D<!-- s:D --> I like the idea

I'm not a soju person, but I like Bohae or whisky <!-- s:) -->:)<!-- s:) --> you guys not going to rob me when I got drunk right? <!-- s:( -->:(<!-- s:( -->

Mike
[/quote]

I've actually been partial to making Caipirinha's with Leblon Cachaca lately. There is no problem that cannot be resolved with a taste of Brazil. <!-- s;) -->;)<!-- s;) -->

Next week we need to set up a happy hour with all the participants of this thread. I'll buy. [/quote]

I would like to participate in the happy hour, as long as the Diet Coke is flowing (not much of a drinker). <!-- s:) -->:)<!-- s:) -->

CK, you're leaving Irvine??? It sounds like you just had an epiphany. I think it's probably a good idea as you'll get more bang for your buck elsewhere...but LA? I thought LA was even pricier than Irvine?
 
[quote author="ck"]
[quote author="mikeirvine"]Hi CK

Now you are talking <!-- s:D -->:D<!-- s:D --> I like the idea

I'm not a soju person, but I like Bohae or whisky <!-- s:) -->:)<!-- s:) --> you guys not going to rob me when I got drunk right? <!-- s:( -->:(<!-- s:( -->

Mike
[/quote]

I've actually been partial to making Caipirinha's with Leblon Cachaca lately. There is no problem that cannot be resolved with a taste of Brazil. <!-- s;) -->;)<!-- s;) -->

Next week we need to set up a happy hour with all the participants of this thread. I'll buy. [/quote]

This is a great idea. If it's next week, hopefully it's not on Wed or Thursday. <!-- s:-) -->:-)<!-- s:-) -->
 
CK,

If you get a house in the secret location I will help you to renovate it like I offer to RC. The same rule applies. My early house warming gift to you and I will go visit you every weekend. We can go drink tea instead of beers.
 
[quote author="graceomalley"]
[quote author="ck"]

No, trace. I do not have issues and I am not jealous of Mike or anyone else with an $800k down payment, good for them. Trace, I have NO desire to have a lot of money --- I love my middle class lifestyle. A wise man once said "mo money, mo problems". My *issue* is that this city which was formerly a safe haven for upper middle class people is now being bid up to ridiculous levels, therefore leaving myself and presumably you unable to buy a reasonable home consistent with our hard work. Maybe you are ok with that, I don't feel like I should have to settle.

I know what I want out of life, and its actually quite simple --- about 2,000 sq ft, and a little backyard to entertain my middle class friends, and a driveway to wash my Honda's. I want to leave work by 5pm most days (you are making me late). And if damn near $200k/yr won't buy that in Irvine, then its time to move along. But no harm or foul. Like I said earlier --- Big Mike does not sound like my kind of neighbor, and the rest of the 2010 buyers probably are not, either. So in reality, I have realized that what I wanted all along I really don't want anymore...

[/quote]

CK,

Few really come to a realization that the compromises you have to make to live in Irvine come out from your family's expense.

Working longer hours for that freaking mortgage and missing time with your daughter and In-laws. I can't write missing time with your wife.

No backyard for your quality of life. Pocket park can't solve the privacy entertaining need.

Most importantly time for each other is the crucial element for a good marriage regardless of how strong the foundation is.

Buyers seem to think after buying that expensive house family will only automatically get better and grow stronger from there just like their kids will automatically advance to Harvard after Irvine schools. Tension and finance often are the immediate problems right after a home purchase.

Some couples end in divorce after a custom home or remodels.

You are very wise my friend.[/quote]

It has been a long three year journey. I've never met anyone who was as passionate about this city as CK, and when he is now considering to the move his family out of Irvine, some thing is definitely not right. I would sadly confess that Irvine had been an idol in my life for the past 10 years, but i am not liking what Irvine is becoming in the next decade ahead. Once a nice middle to upper middle class city is turning into an Asian Newport Coast. I share very similar values to CK in what he looks for in a home, community, and family and I would agree with him that it is not worth it. How can a family making a household income of $200k not be able to easily afford a home that should be considered modest at best. There is something wrong with that. I've been flying out to Irvine twice a year for the past three years to observe what it would be like to raise my family here, and to be honest, I really don't sense a community within Woodbury and Portola Springs among neighbors. It just feels so sterile. I asked RC, "is it really like this everyday?" RC says, "yeah"

If TIC is reading this post, when you lose the CK population from Irvine, the city will become less and less desirabe place to live in my eyes. It will start drawing in the Asian snob population that I probably would not want as my neighbors either. For ten years, raising my family in Irvine was my dream, and yes i can afford to pay the 20% over priced WTF prices you greedy bastards are asking for, but both CK and I will decline ... because it is goes against our deepest values of what we consider a great place to live and raise our family. From the changes I foresee in Irvine, the city will become less and less desirable place to me.
 
[quote author="graceomalley"]CK,

If you get a house in the secret location I will help you to renovate it like I offer to RC. The same rule applies. My early house warming gift to you and I will go visit you every weekend. We can go drink tea instead of beers.[/quote]

I look in the secret location everyday, but I can't find any with a backyard like this one there.

http://www.redfin.com/CA/Northridge/10338-Key-West-Ave-91326/home/5810310

But then again, this is 5 minutes from all my laws, and that may be *too* close. But believe me, I'll keep looking there...because the idea of a TRUE bk approved home can't be beat. <!-- s;) -->;)<!-- s;) -->
 
[quote author="mikeirvine"]
I need to ask my wife :-[ she is a bit insecure after I disclose so much online with strangers ...... <!-- s:) -->:)<!-- s:) -->

Mike

[/quote]

I am disappointed that you still considered us strangers. Should I delete my posts of your saving amount?

You begin to sound like Asian paranoia?

Oh no I am stereotyping again!
 
[quote author="mikeirvine"]These make me feel bad to start this thread, maybe it time to delete this post ???

Mike

[/quote]

Not at all, Mike....even though we all may not agree --- its good to talk about what is on our mind. It's all a process. I have learned so much from so many here. Trust me, I understand exactly what you want for your family, its the same thing I want for mine. Like Panda said, its all a process or a journey. It takes time to figure out what is going to be the right thing for us.

Mike, while I don't like the price you paid for the house --- I respect that you can afford it and are therefore doing right by your family. Exactly as I am doing for mine. I know I really can't comfortably afford what I hope to provide for my family in Irvine, so I'll go somewhere I can --- because I refuse to put my wife or daugther through financial stress.

I hope others who are reading this thread and maybe not as financially secure as Mike (maybe more like me! <!-- s:o -->:o<!-- s:o -->) think through all the alternative before you feel like you have to stretch too far to attain Irvine. There are alternatives.

And this is coming from Mr. and Mrs. Irvine (CK and wife). Although some people might call us Mr. and Mrs. Louis Vuitton, but that's another story.
 
[quote author="ck"]
[quote author="mikeirvine"]These make me feel bad to start this thread, maybe it time to delete this post ???

Mike

[/quote]

Not at all, Mike....even though we all may not agree --- its good to talk about what is on our mind. It's all a process. I have learned so much from so many here. Trust me, I understand exactly what you want for your family, its the same thing I want for mine. Like Panda said, its all a process or a journey. It takes time to figure out what is going to be the right thing for us.

Mike, while I don't like the price you paid for the house --- I respect that you can afford it and are therefore doing right by your family. Exactly as I am doing for mine. I know I really can't comfortably afford what I hope to provide for my family in Irvine, so I'll go somewhere I can --- because I refuse to put my wife or daugther through financial stress.

I hope others who are reading this thread and maybe not as financially secure as Mike (maybe more like me! <!-- s:o -->:o<!-- s:o -->) think through all the alternative before you feel like you have to stretch too far to attain Irvine. There are alternatives.

And this is coming from Mr. and Mrs. Irvine (CK and wife). Although some people might call us Mr. and Mrs. Louis Vuitton, but that's another story.[/quote]

Exactly!!! I couldn't have said it any better. In fact, I didn't even come close. This is exactly what I was trying to say, even though it may not sound like it. Sometimes I have a lot in my mind but it just doesn't come out correctly and even confusing. Still working on getting better at it. Thanks CK.
 
[quote author="Panda "]
How can a family making a household income of $200k not be able to easily afford a home that should be considered modest at best. There is something wrong with that. [/quote]

Thanks for the nice post, Panda. I do want to be clear, though and not sound like a martyr. We don't feel "priced out" of Irvine at all...and there are there are many, many homes a family with an income of $150k+ could easily buy all over Irvine. It's just that the homes at that income level with a modest downpayment are not typically *true single family* homes. So I don't want to complain that I can't buy anything in Irvine --- certainly I can. It's just that a true family home that is more difficult to attain. And I'm not willing to settle for less at my advanced age. But others may be willing to, and I completely understand and appreciate that.
 
[quote author="graceomalley"]CK,

Beware of backyard filming activities by the Northridge/Chatsworth neighborhoods!

[/quote]

Since this house is about $100k more than I want to pay, I was thinking maybe I could rent out my backyard to some of those filming activities....it would be like a 3rd income!

:-X
 
CK and Panda,

I have been preaching this for 3 years. There are options. For the sake of your family by not putting them in financial stress. No money can buy back a wrecked marriage. There are many smaller cities not rated due to small population are much safer than Irvine.

Go seek out other cities and schools in the 80 percentile with above average safety you pay a lot less for a home and enjoy your family and a backyard more.

You do not need to live in the top 4 safest cities to survive. It is totally compulsive paranoia to think that. There are plenty good families and educated kids from other cities too. Pocket the saving and give your children a college education or put it in a sack for them to buy a house in the future. Kids do not need the best schools to succeed they need parents to spend time with them not at work to slave for a mortgage.

The key is to buy a good brand at a bargain and not the best brand at a rip-off price. I guarantee you live just as long and your kids will attend a good college when you live in a good brand city vs a best brand city.

I came from nothing, I attended a bad school in a city of crime and I and many others have turned out better than OK. Trust me you do not need to have the very best. It is actually better to stay modest and your children will thank you later in life.
 
To be honest this is not irvine specific. The prices of new homes are not that much different in say Laguna Niguel/ Aliso. I specifically checked Laguna Niguel cornerstone project 2 wks back. the only reason it is significantly cheaper on monthly outgo is because of mello roos.
when i did a comparision of that development to portola homes and woodbury homes. I did get about 500-700 dollars monthly difference primarily because of mello roos. But that is one freak instance. They are almost done selling anyway. How many other new places have no mello roos.
Also i watched the pricing in mission viejo pacific hills area for 2 years. specific to my liking of 1800 sq ft range condos. even almost put 2 offers (mirasol development) the prices are about 50K cheaper for an equivalent home in irvine. but they are 15 years older. the mello roos is 75 dollars and HOA is same as WBE/WB. They have the same issue of lack of inventory. (that inventory issue is same across entire OC). As long as banks are allowed to fudge accounting numbers, and keep getting bail outs they will release shadow inventory slowly(over 5-6 years) and REO flooding may not happen. even ladera inventory seems to have gone down.
Somehow the IHB/TI seems to discuss this as an irvine specific issue but its the same across OC. The prices in mission and aliso etc were 10-15 % cheaper than irvine in the peak and are still in the same range. They haven't dropped any dramatically % wise to make it irvine specific bubble. for whatever reason Irvine is maintaining its 10-15% premium consistently.

That is just my observation.


[quote author="Panda "]
[quote author="graceomalley"]

CK,

Few really come to a realization that the compromises you have to make to live in Irvine come out from your family's expense.

Working longer hours for that freaking mortgage and missing time with your daughter and In-laws. I can't write missing time with your wife.

No backyard for your quality of life. Pocket park can't solve the privacy entertaining need.

Most importantly time for each other is the crucial element for a good marriage regardless of how strong the foundation is.

Buyers seem to think after buying that expensive house family will only automatically get better and grow stronger from there just like their kids will automatically advance to Harvard after Irvine schools. Tension and finance often are the immediate problems right after a home purchase.

Some couples end in divorce after a custom home or remodels.

You are very wise my friend.[/quote]

It has been a long three year journey. I've never met anyone who was as passionate about this city as CK, and when he is now considering to the move his family out of Irvine, some thing is definitely not right. I would sadly confess that Irvine had been an idol in my life for the past 10 years, but i am not liking what Irvine is becoming in the next decade ahead. Once a nice middle to upper middle class city is turning into an Asian Newport Coast. I share very similar values to CK in what he looks for in a home, community, and family and I would agree with him that it is not worth it. How can a family making a household income of $200k not be able to easily afford a home that should be considered modest at best. There is something wrong with that. I've been flying out to Irvine twice a year for the past three years to observe what it would be like to raise my family here, and to be honest, I really don't sense a community within Woodbury and Portola Springs among neighbors. It just feels so sterile. I asked RC, "is it really like this everyday?" RC says, "yeah"

If TIC is reading this post, when you lose the CK population from Irvine, the city will become less and less desirabe place to live in my eyes. It will start drawing in the Asian snob population that I probably would not want as my neighbors either. For ten years, raising my family in Irvine was my dream, and yes i can afford to pay the 20% over priced WTF prices you greedy bastards are asking for, but both CK and I will decline ... because it is goes against our deepest values of what we consider a great place to live and raise our family. From the changes I foresee in Irvine, the city will become less and less desirable place to me. [/quote]
 
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