Belvedere at Eastwood

NEW -> Contingent Buyer Assistance Program
Irvine Fanatic said:
DrTravel said:
Received this e-mail from Irvine Pacific

The Belvedere Team is excited to share the base pricing information!  The base pricing does not include the exterior premiums or location premiums.

Plan 1 = $1,110,000
Plan 2 = $1,161,000
Plan 3 = $1,290,000
Plan 3X = $1,311,000
Plan 4 =  first plan 4 is in phase 2 price TBD

We are anticipating 6 homes in phase 1:
1= plan 1
2= plan 2
2= plan 3
1= plan 3X
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Wow, makes OH look like a bargain.
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I paid these prices for my view lot capella. OH is seeming like a value village now  8)
 
Goriot said:
DrTravel said:
Received this e-mail from Irvine Pacific

The Belvedere Team is excited to share the base pricing information!  The base pricing does not include the exterior premiums or location premiums.

Plan 1 = $1,110,000
Plan 2 = $1,161,000
Plan 3 = $1,290,000
Plan 3X = $1,311,000
Plan 4 =  first plan 4 is in phase 2 price TBD

We are anticipating 6 homes in phase 1:
1= plan 1
2= plan 2
2= plan 3
1= plan 3X
Click to expand...
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Aren't these prices comparable or higher than Strada?  I thought there was supposed to be some OH premium?
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The base pricing here might be slightly lower for Plans 1 & 2, but it's higher for the roughly equivalent, but bigger, Plan 3 here. There are only a few phases left at Strada, with no quick move-ins available. I guess they figure Strada's sales success will translate well at Belvedere.
 
I officially give up on any understanding I thought I had for the real estate market. They can't possibly sell these with any sort of pace at this pricing, could they? 
 
Bullsback said:
I officially give up on any understanding I thought I had for the real estate market. They can't possibly sell these with any sort of pace at this pricing, could they?
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As IHO would say, welcome to the land of unicorns!

We should get one of these jackets for IHO to wear around town:
https://nyppagesix.files.wordpress.com/2016/02/milesusan.jpg?quality=100&strip=all&w=664&h=441&crop=1
 
WTTCHMN said:
Bullsback said:
I officially give up on any understanding I thought I had for the real estate market. They can't possibly sell these with any sort of pace at this pricing, could they?
Click to expand...

As IHO would say, welcome to the land of unicorns!

We should get one of these jackets for IHO to wear around town:
https://nyppagesix.files.wordpress.com/2016/02/milesusan.jpg?quality=100&strip=all&w=664&h=441&crop=1
Click to expand...
I think half of those are My Little Ponies... so something Caycifish would wear.

#TBF
 
Bullsback said:
I officially give up on any understanding I thought I had for the real estate market. They can't possibly sell these with any sort of pace at this pricing, could they?
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Agreed. I surrendered a couple years ago. I can wait for mortgage rates to rise dramatically and the Chinese economy to collapse, hoping for a reasonable price range on Irvine houses; or I can buy a house, enjoy it like any other consumable, and stomach any prospective downturn. You won't hear me telling you where Irvine prices will be next year, in five years, or beyond that.
 
I gave up 16 years ago.

ONLY two reasons prices are this high................ ridiculously low interest rates and investors/FCBs/Downsizers who sold some other high priced real estate able to pay cash and drive the prices up. Not just Irvine, but the surrounding areas as well.

Imo......... better like the house you got cuz it might be yours till you r dead.
 
Ready2Downsize said:
I gave up 16 years ago.

ONLY two reasons prices are this high................ ridiculously low interest rates and investors/FCBs/Downsizers who sold some other high priced real estate able to pay cash and drive the prices up. Not just Irvine, but the surrounding areas as well.

Imo......... better like the house you got cuz it might be yours till you r dead.
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Irvine also has and attracts very high earning households that affect prices. Professionals married to professionals with a high household income, and maybe some wealth.
 
Ready2Downsize said:
I gave up 16 years ago.

ONLY two reasons prices are this high................ ridiculously low interest rates and investors/FCBs/Downsizers who sold some other high priced real estate able to pay cash and drive the prices up. Not just Irvine, but the surrounding areas as well.

Imo......... better like the house you got cuz it might be yours till you r dead.
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Since you mention x amount of times that you moved from Irvine to Tustin (Greenwood). I think Greenwood's valuation is high. Due to the hangers, quality of air, noise factor, and the idk Tustin factor.

 
Perspective said:
Bullsback said:
I officially give up on any understanding I thought I had for the real estate market. They can't possibly sell these with any sort of pace at this pricing, could they?
Click to expand...

Agreed. I surrendered a couple years ago. I can wait for mortgage rates to rise dramatically and the Chinese economy to collapse, hoping for a reasonable price range on Irvine houses; or I can buy a house, enjoy it like any other consumable, and stomach any prospective downturn. You won't hear me telling you where Irvine prices will be next year, in five years, or beyond that.
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Yep - Today, I have came to this very conclusion.
 
Bullsback said:
I officially give up on any understanding I thought I had for the real estate market. They can't possibly sell these with any sort of pace at this pricing, could they? 
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I'm with you on this one.  Aren't BP sales (except Ellwood) struggling?  I honest believe IP would price Eastwood lower than OH and close to CV or Stonegate.  Well, what do I know. 

 
Ready2Downsize said:
I gave up 16 years ago.

ONLY two reasons prices are this high................ ridiculously low interest rates and investors/FCBs/Downsizers who sold some other high priced real estate able to pay cash and drive the prices up. Not just Irvine, but the surrounding areas as well.

Imo......... better like the house you got cuz it might be yours till you r dead.
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Yeah, live in the house until kids graduate from IUSD then cash out.
 
Perspective said:
Ready2Downsize said:
I gave up 16 years ago.

ONLY two reasons prices are this high................ ridiculously low interest rates and investors/FCBs/Downsizers who sold some other high priced real estate able to pay cash and drive the prices up. Not just Irvine, but the surrounding areas as well.

Imo......... better like the house you got cuz it might be yours till you r dead.
Click to expand...

Irvine also has and attracts very high earning households that affect prices. Professionals married to professionals with a high household income, and maybe some wealth.
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That's called snobbiness. :)
 
Doesn't matter to me. I cashed out of one paid off high priced home and bought another paid off high priced home. But instead of going up, I went down and have cash.

Tustin will ALWAYS be priced lower than Irvine but the point was the only reason prices got this high were the ones I mentioned. Tustin just moved up on the coattails of Irvine.

Personally I doubt I will sell this place for a profit and what do I care? I plan on staying here, got everything I need downstairs even if I end up in a wheel chair. Took my tax basis with me (yes I pay higher mello and higher HOA but I have lower insurance, no need for a gardener and will have a low maintenance home) and have plenty of cash out of the high priced Irvine home.

If prices do drop, got all that cash from the Irvine home to buy something else. If they stay the same, still got my cash. If they go up, mine does too.

If I had sold the high priced Irvine home to buy an even higher priced Irvine home......... well I think I might loose some sleep over the entire thing.
 
Ready2Downsize said:
Doesn't matter to me. I cashed out of one paid off high priced home and bought another paid off high priced home. But instead of going up, I went down and have cash.

Took my tax basis with me  and have plenty of cash out of the high priced Irvine home.

If prices do drop, got all that cash from the Irvine home to buy something else. If they stay the same, still got my cash. If they go up, mine does too.
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R2D, I am happy for you.  But you make me pity myself :'(
 
Ready2Downsize has just worked, and continues to work, a good plan. We're at the front-end of a similar plan, and with good fortune might mirror his/hers.
 
Ready2Downsize said:
Doesn't matter to me. I cashed out of one paid off high priced home and bought another paid off high priced home. But instead of going up, I went down and have cash.

Tustin will ALWAYS be priced lower than Irvine but the point was the only reason prices got this high were the ones I mentioned. Tustin just moved up on the coattails of Irvine.

Personally I doubt I will sell this place for a profit and what do I care? I plan on staying here, got everything I need downstairs even if I end up in a wheel chair. Took my tax basis with me (yes I pay higher mello and higher HOA but I have lower insurance, no need for a gardener and will have a low maintenance home) and have plenty of cash out of the high priced Irvine home.

If prices do drop, got all that cash from the Irvine home to buy something else. If they stay the same, still got my cash. If they go up, mine does too.

If I had sold the high priced Irvine home to buy an even higher priced Irvine home......... well I think I might loose some sleep over the entire thing.
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You think your the only one with that idea? Many people sell their home in California and move out of state to retire because the cost of living is lower. Or like you they sell their house and get another house.

#notabigthing

 
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