Liar Loan
Well-known member
I was reading this IHB post by Cubic Zirconia:
http://www.irvinehousingblog.com/blog/comments/premium-not-yet#86593
And this sentence caught my eye:
This type of activity seems to be taken for granted by the readers here at Talk Irvine, yet I don't know if anybody has ever fully explained it. (Maybe they have and I just missed it.)
There are a lot of desirable features to Irvine, but that could be said for many OC cities. What is it about Irvine that gets people that have never been here to plunk down $700k+ for a house? Is there some cultural appeal to Irvine that I'm not aware of? Is it all just marketing? What makes Chinese people want buy houses here out of all the places in SoCal? I've read that it's perceived to be a good investment, but why not buy houses in Laguna Beach, La Jolla, or any other coastal city then?
Sincerely,
Confused White Guy
http://www.irvinehousingblog.com/blog/comments/premium-not-yet#86593
And this sentence caught my eye:
I get at least two calls a week from Realtors representing foreign buyers who are willing to pay more than the market price for my detached condominium.
This type of activity seems to be taken for granted by the readers here at Talk Irvine, yet I don't know if anybody has ever fully explained it. (Maybe they have and I just missed it.)
There are a lot of desirable features to Irvine, but that could be said for many OC cities. What is it about Irvine that gets people that have never been here to plunk down $700k+ for a house? Is there some cultural appeal to Irvine that I'm not aware of? Is it all just marketing? What makes Chinese people want buy houses here out of all the places in SoCal? I've read that it's perceived to be a good investment, but why not buy houses in Laguna Beach, La Jolla, or any other coastal city then?
Sincerely,
Confused White Guy