Agreed, this makes more sense now.bones said:Roger said:If this is not available to general public, I am just wondering what really is the point for this post?
So people can beg for more info. So he can educate aka talk down to the peons and noobs of TI. So he can gloat when the award winning project is a success. Basically an ego feed.
2,000 sf at $600k
- Thread starter irvinehomeshopper
- Start date
NEW -> Contingent Buyer Assistance Program
This is a thoughtful post that is worthy of a reply. University housing appreciation is kept up with market appreciation. For example if Ellwood's purchase price was $900,000 and the market appreciation yield $500,000 5 years from the purchase date. This home could be sold for $1.4 m. The same unit was sold to a faculty for $450,000 and 5 years later this similar home would have appreciated the same amount $500,000. However when the faculty decides to sell He or she could only sell the home for $950,000 back to the University without having to pay the 6% commission and the home would be immediately sold.
'So you can see the interactive process and future construction photos...' for what? something not to be sold to anyone? And what reactions from us will be educational on what?zubs said:Roger said:If this is not available to general public, I am just wondering what really is the point for this post?
The first post answers your question.
It's educational on tract housing....like Modern Marvels....but in forum format.
oceanmonkey
New member
I thought UCI gives their faculty free house. 600k is not bad at all
To my knowledge, UCI Faculty get subsidized housing. I believe you pay half the market value of the home, which is quite the deal. But the catch is that when you sell your home, you must sell it back to the university for again half market value. Also, you are only allowed to keep your home while you are an active faculty member.
But man, quite the tough crowd here. I for one am looking forward to see how this post progresses. No one is forced to read this thread...
But man, quite the tough crowd here. I for one am looking forward to see how this post progresses. No one is forced to read this thread...
irvinehomeshopper
Well-known member
Irvinean said:
This is a thoughtful post that is worthy of a reply. University housing appreciation is kept up with market appreciation. For example if Ellwood's purchase price was $900,000 and the market appreciation yield $500,000 5 years from the purchase date. This home could be sold for $1.4 m. The same unit was sold to a faculty for $450,000 and 5 years later this similar home would have appreciated the same amount $500,000. However when the faculty decides to sell He or she could only sell the home for $950,000 back to the University without having to pay the 6% commission and the home would be immediately sold.
http://www.talkirvine.com/index.php?topic=2406.0http://www.irvinehousingblog.com/2012/02/22/the-neighborhood-of-university-hills/
http://www.icha.uci.edu/http://www.icha.uci.edu/For-Sale-Housing/AbstractofSubleaseResaleRestrictions.pdf
"All homes in University Hills are located on lots owned by The Regents and leased through the Irvine Campus Housing Authority ("ICHA") to individual homeowners. In effect, the lots are leased from The Regents to ICHA and then are subleased to you."
http://www.talkirvine.com/index.php?topic=4950.0
http://www.icha.uci.edu/http://www.icha.uci.edu/For-Sale-Housing/AbstractofSubleaseResaleRestrictions.pdf
"All homes in University Hills are located on lots owned by The Regents and leased through the Irvine Campus Housing Authority ("ICHA") to individual homeowners. In effect, the lots are leased from The Regents to ICHA and then are subleased to you."
http://www.talkirvine.com/index.php?topic=4950.0
