[quote author="bkshopr" date=1241230987][quote author="irvine_home_owner" date=1241224299][quote author="bkshopr" date=1241222294][quote author="irvine_home_owner" date=1241181906][quote author="bkshopr" date=1241167360]40% of all new homes are Asian buyers. Instead of building 100% TIC would limit its supply to only target Asians and to balance absorption. The strategy is to rationing supply to rallying demand.
Top strategists are being hired to plot the scenario.</blockquote>
Oh me oh my... Graph might want to cover his ears... you're basically describing my FCB Theory.</blockquote>
That can't be right that we are on the same page then I retract my statement.
Actually IHO you are wrong. The FCB are not interested in Irvine. They are interested in the San Gabriel Valley. Graph's analysis many posts ago was right about the FCB would not save our Housing industry from swirling down the toilet.
The demographic TIC is targeting is not FCB in fact they are the older 1.5 generation who insists a brand new home. They are parents of pre-teens seeking good school district and want good value. They have low aesthetic expectation just like IHO. They are interested in utilitarian function. Neighborhood along the West Irvine and Oakcreek spec level would be ideal for this group when HOA fee is reduced to a minimum due to less amenities and less landscape up keeping.</blockquote>
Actually... you are wrong because you don't even understand my theory. Stop hiding behing that "english isn't my first language" facade... you read/write/speak english quite fluently but you tend to fail when it comes to my posts.
My FCB Theory wasn't that Foreign Cash Buyers were going to save the Housing Industry... but that they keep certain markets from falling as fast as the rest of them because they don't really take into account fundamental valuation and are not affected by the credit crunch (since they do high cash transactions).
The demographic you are describing sounds pretty close to an FCB and just by the fact that they will support a $375/sft benchmark while it is much lower elsewhere correlates directly to my hypothesis.
Asian = Foreign
Older 1.5 gen = Cash
New Home = Buyer
Now, I'm not really that serious about it... I just like to keep Graph on his toes... but just like stereotypes... there is some merit to it.
Sorry bk... you lose again... but thanks for playing.</blockquote>
You describe the FCB who lives oversea and purchase home to launder money purely for liquidating cash out of their own corruption in the government.
Home purchase would be purely for relative and when they travel abroad they would have a place to stay. It is a huge status to announce to their peers owning a house in America. Good school is the last thing in their objective. Proximity to Chinese retails and restaurants is paramount. Irvine is not ideal because they do not speak English. They can't communicate in their native tongue. Irvine also lacks the gambling and Massage establishment that support their travel itineraries.
I do not understand why you insist on being an expert in this field when you know nothing and have never worked in the community development, home building industry and marketing industry. Graph and I have worked in this industry for a very long time. I was already in this industry while your Samoan buddies robbed you. You are only making a fool of yourself for being a stubborn jerk. I have designed infinite variations of garage positioning while you are still searching your missing 3rd car and driveways.
</blockquote>
And I don't understand why you aren't reading my posts correctly.
I've NEVER insisted I'm an expert in this field... ever... I've just relayed my personal experiences because last time I checked... that's what a forum is for... for people to express their opinions. In fact, many of the people who have contributed greatly to this board have no connections at all to the housing industry.
<blockquote>
I would not argue with you in the field of computer because I know my boundary and respect yours. When coming to designing master planned communities and demographics I have years of success to back up my posts starting from the first foundation in Westpark in the early 80's to the wine cellar just installed in the Crystal Cove custom this morning. What credential do you have to validate your expertise comment in housing? You don't even own a house.
</blockquote>
Hehe... see... you made an ass out of your umption again. Just because I sold one... doesn't mean I don't own another. So are you saying that I have to have your experience and background to comment on housing? Do you require that from every IHB member? Or is this just an IHO-exclusive because I proved your math wrong on one occasion (I don't specialize in math either but I can use a calculator). News flash... being a home owner (or even a former home owner), living in Irvine and not being a sheep allows me to express what I feel affects market conditions, what I think a home should have and what my own preferences are. It doesn't necessarily mean I'm an expert or that I'm right... and like I said... I'm not even that serious about my FCB theory. BUT... I'm not the one who is getting defensive about his many years of success to prove his point. I'm not even disagreeing with this benchmark thing you are talking about... and others are yet you are focusing on me?
Tell me... when was the last time you sold your own residence in Irvine? Does that experience count for nothing... or does it only count when bk does it? Where do you spend most of your time? Floral Park, LA or Irvine? Doesn't the fact that I stay in Irvine and don't go to LA give me some type of bonus of knowing Irvine better than those who go to LA all the time? You may have designed many of the homes in Irvine... but I've actually lived in many of the neighborhoods and that should have some merit. Or did I miss that somewhere? I've stated many times before that there is no compare to the amount of knowledge you have in regards to the housing industry, home design etc... I've NEVER questioned that... in fact I've admitted that you sense of aesthetics is way beyond mine... but it is you who is putting down my opinions and what gives you that right? What credential do you have to constantly deride mine or anyone else's personal opinion or preference? You don't even know me.
And if you're going to start requiring credentials for people to post on IHB... it's going to be a pretty lonely here.
<blockquote>
To know about FCB you would have a better pesrspective if you are actually Chinese. Your Pacific Islander background is far removed from the main stream culture of the Chinese Nationals. What do you know about the FCB when you do not even go to LA or visit San Gabriel Valley? You know nothing about the Chinese Culture to understand the FCB's motive. Get out more, eat some shrimp paste and that would broaden your horizon.</blockquote>
Did I say FCB or CCB? Did I say Foreign = Chinese? Are you now saying that Asian (your TIC target) = Chinese? For me, foreign could be Middle Eastern (quite a lot of those buy in Irvine... are you an expert on them too?). And I take it you are a Korean master too? What if I told you that I'm half chinese? And do all FCBs go to LA or San Gabriel Valley? Is that on Wikipedia somewhere? And really... I don't care... I'M NOT THAT SERIOUS ABOUT MY FCB THEORY. Chillax bk... I think this Internet-brawling has got your blood pressure up and your grasping at whatever you can (ie insulting my income, my home ownership, my education, my lack of culture, my ethnicity... you even made light of me getting mugged when I was a teenager)... dude... it's just the Internet.
BTW: I will be sorely displeased with you if I found out that you were the one who brought AZDave into this... well... not really... but I would find it funny if you were so desperate that you had to pull an Enemy of my Enemy move.
Also... I actually eat shrimp paste... does that make me an expert now?
Let's do the IHB a favor and stop this "piss war"... I've actually tried multiple times but every time I turn around you're trying to dig on me... you even went out of your way to find out what time I log off of IHB so you can "take the opportunity to get in some IHO bashing".
P.S. I'm actually beginning to think all this animosity is because you are falling for me... I saw how you were looking at me at the last IHB gathering.
