nytransplant said:
I wonder if they are tying to comply with the stat regulations to build more housing in Irvine. In my opinion it is simply the ghettoization of the suburbs. So much for the american dream of the nice SFR and picket fence
This is an excellent point. IHO likes to joke about it, but these new products being offered by TIC are really just sad and pathetic. I mean really --- is anyone planning on buying these as a "family home" that you hope to live out your years in? Where you hope you grandchildren will visit? Heck no. These are transient properties --- half a step above an IAC apartment. And what happens once these properties start turning over? Once the newness wears off in 5-10 years? Who is going to want to buy an aging apartment with a $400 HOA (or maybe more in the future) and $4000 in mello roos?
Serious question here: Do you guys think Irvine is at its peak, or has yet to peak as a community? Or was the peak of this community sometime in the past? Does the new *urban* planning Irvine has embraced translate to this community getting better or worse during the term of the 30 year mortgage most of us would need to sign up for?
As a relatively long term resident, I know what I believe the answer is --- but curious as to what others think?