Better Location for Resale in Irvine

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Irvinecommuter said:
Compressed-Village said:
I see it all the time, when people bought into a particular village or neighborhood in Irvine, they tend to defend it and claim it to be the best choice and best location. They then scrutinize the hell out of the other villages for the wrongs.

I bought into a few different area in Irvine and when you look at the Macro level of Irvine, you will see that it all will do fine when you turn around and sell it or lease it.

Sure, your carrying cost will be higher for the gated and more prestigious neighborhood such as Altair or Alta Vista but to win the race and you have to weather the storms and still be able to functions in bad time. Stretching is OK only if you weather the lengthy down turn just as we see in the past. History often repeats itself. And the bad time is a great time to be greedy.

Recently the current administration is proposing scale back in consumer protection agencies and do away with Dodd-Frank. They are clearly gearing for greedy. Be prepare folks.
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But really...I mean what's the worse that could happen?  Economic collapse?  I mean that hasn't happened since what...2008?
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No, not all in the near term. It will take a very long time for the system to balloon to the point of the last crash. One change in policy even succeeding will not bring the system down. It would take a global, simultaneous concert of disruption to bring our financial system down like we saw in the Great Recession. There has been check and balance put in place since then. Nevertheless, I am always proceed with cautions when I see policies of rolling back or create barriers. It will start from there, and follow the money.
 
Compressed-Village said:
Irvinecommuter said:
Compressed-Village said:
I see it all the time, when people bought into a particular village or neighborhood in Irvine, they tend to defend it and claim it to be the best choice and best location. They then scrutinize the hell out of the other villages for the wrongs.

I bought into a few different area in Irvine and when you look at the Macro level of Irvine, you will see that it all will do fine when you turn around and sell it or lease it.

Sure, your carrying cost will be higher for the gated and more prestigious neighborhood such as Altair or Alta Vista but to win the race and you have to weather the storms and still be able to functions in bad time. Stretching is OK only if you weather the lengthy down turn just as we see in the past. History often repeats itself. And the bad time is a great time to be greedy.

Recently the current administration is proposing scale back in consumer protection agencies and do away with Dodd-Frank. They are clearly gearing for greedy. Be prepare folks.
Click to expand...

But really...I mean what's the worse that could happen?  Economic collapse?  I mean that hasn't happened since what...2008?
Click to expand...

No, not all in the near term. It will take a very long time for the system to balloon to the point of the last crash. One change in policy even succeeding will not bring the system down. It would take a global, simultaneous concert of disruption to bring our financial system down like we saw in the Great Recession. There has been check and balance put in place since then. Nevertheless, I am always proceed with cautions when I see policies of rolling back or create barriers. It will start from there, and follow the money.
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The bubble I am concerned about is the stock market...stagflation could be a real thing especially with protectionist policies in a global economy.
 
Burn That Belly said:
Jantoven said:
Based on the diversity of answers here, I'm going to say that no matter which option you go with, you should be in pretty good shape overall.  :)
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I don't think so. I posted threads several weeks back describing homes for sale in PS that were complete losses for many owners! They were truly cursed. Manzanita in PS was one example.
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I was referring to the specific communities the OP cited, as pretty much someone vouched for all of them.
 
Burn That Belly said:
I see. So you don't deny then, that perhaps PS is "questionable" to buy compared to the alternatives?  ;D
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For the most part, yes, I do agree with you.  I do think, though, each enclave and area should be judged independently.

For example, most communities in Eastwood have done great, but not all.  Take a look at Beverly's sales map:
http://beverly.crateserver.com

 
I go with data. If you compare PS and WB, it is no brainer. If you ask me to pick from a specific list, I go for best option I know of
 
Irvinecommuter said:
momopi said:
Burn That Belly said:
the.irvine said:
Homes in CV don't stay active for very long. I would go for CV.
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Too many homes in CV are within the 1500 feet radius of freeway pollution based on the most recent Bruin study. Be sure to perform a Google Earth check.
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When taking road/traffic pollution into consideration you need to look at both freeways and busy roads.  Also in addition to distance, look for wind direction (upwind/downwind), barriers, and elevation.

If you're upwind from a busy road, pollution extend to 2,000 ft vs downwind extends to 8,000 ft (1.5 miles).  I'm about 700 ft upwind from a freeway with sound wall and vegetation barriers.  I have 2 Rabbit Air MinusA2 air filters running at the house.
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I was expecting you have one of these...
https://risingsbunkers.com/layouts-pricing-bunkers/bunker-options/nbc-air-filtration-systems/
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Both rabbit air and the NBC filtration unit use multi filter system. Rabbit air filters will capture 0.3 micron ultra fine particles vs the NBC filtration unit is designed to capture 0.1 micron.

Rabbit air units cost $500-$600 each vs NBC filtration system cost $3000 and up.

 
SG/EW/CV don?t give you much chance at a yard, PP has more homes with larger lots but will be at higher price point.  So comparing similar price points.  On the lower end this SG home:https://www.redfin.com/CA/Irvine/110-Saybrook-92620/home/58556299
Vs this PP home:https://www.redfin.com/CA/Irvine/115-125-Carrotwood-92618/home/112721346

I like the SG home better.  But once you get to $1.4M+, like comparing this SG home:https://www.redfin.com/CA/Irvine/55-Carrington-92620/home/58553871

To this PP home same range:https://www.redfin.com/CA/Irvine/132-Yellow-Daisy-92618/home/51683305

I like the PP home because of the space.  Then again notice that both SG homes were pending and neither PP home was... coincidence?

 
I also prefer PavPark (vs ParPark) for the more open layout and less dense design.

All the TIC ones (SG/EW/CV) are too similar and dense.
 
Thread like this aways turn into a village war. :)

All the neighborhood that OP mentioned are all excellent neighborhoods and for the SFR appreciation goes, I think they are pretty much the same.  Unless one got an unicorn lot with extra large lot, view or next to an open space etc, all these cookie cutter home are pretty much in the same boat.
 
aquabliss said:
SG/EW/CV don?t give you much chance at a yard, PP has more homes with larger lots but will be at higher price point.  So comparing similar price points.  On the lower end this SG home:https://www.redfin.com/CA/Irvine/110-Saybrook-92620/home/58556299
Vs this PP home:https://www.redfin.com/CA/Irvine/115-125-Carrotwood-92618/home/112721346

I like the SG home better.  But once you get to $1.4M+, like comparing this SG home:https://www.redfin.com/CA/Irvine/55-Carrington-92620/home/58553871

To this PP home same range:https://www.redfin.com/CA/Irvine/132-Yellow-Daisy-92618/home/51683305

I like the PP home because of the space.  Then again notice that both SG homes were pending and neither PP home was... coincidence?
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Biggest problem with PP is the lack of a school in the community...you have to drive your kids to Beacon Park or walk them like 15-20 minutes.  Access is also an issue because it is on the other side of the 133.
 
If money is not your issue, then yeah PP is great. Definitely better looking and different from cookie cutters.
But I just don't see it worth to pay $10000 MR whereas TIC homes have lower MR around $3000-4000. I think this plays a role when resale also as the OP asked.

CV SFH especially ones more towards Trabuco are farther away from the freeway so it's kinda safe in term of 'environmental hazards' as long as it's not backing Sand Canyon.

 
Mety said:
If money is not your issue, then yeah PP is great. Definitely better looking and different from cookie cutters.
But I just don't see it worth to pay $10000 MR whereas TIC homes have lower MR around $3000-4000. I think this plays a role when resale also as the OP asked.

CV SFH especially ones more towards Trabuco are farther away from the freeway so it's kinda safe in term of 'environmental hazards' as long as it's not backing Sand Canyon.
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CV has also Roosevelt running right through it.  Traffic in that area going to the Jeffrey side is also crazy.
 
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