Cetara Orchard Hills The Groves Shea Homes
- Thread starter leect
- Start date
NEW -> Contingent Buyer Assistance Program
I'm trying to find out same information. Did you hear more information on release and pricing? The Shea sales office seem to think pricing will start under $2M and opening in July 2020.
I remember USC mentioning the market above $1.5M really starts to drop off even pre pandemic. Now add in Great Depression levels of unemployment, diminished FCB activity, and poor consumer confidence. I?m guessing a high broker coop and free upgrades right off the bat.
Depends what kind of people buy $2M homes in Irvine. For instance, many doctors lost significant income due cancellation of elective surgery. A business owner of a car dealership, restaurant, or small hotel would also be hurting. If you were a true 1%er it wouldn?t matter, but are they the typical buyers of $2M tract homes.
I don't know about others, but myself practicing at least from now to the end of the year with extreme cautions and defense play at all level. There is alot of FOMO (Fear of Missing Out) but in my opinion, there is much more risk of downward pressure here and short gain. Like you mention above. The key phrase I got from J-Powell with the CBS 60 minutes interview "There is no limit to our printing and digitize the dollars" meaning they can continue to buy up and give away. So ask this, will this somehow, someday, save the system when all we do is just taking handout and very little produce and little consumption. Is that sustainable? And the health issues is not going away, if anything it will jump higher / faster.
Dr. CA Real Estate
New member
variable229
New member
leect said:
I'm trying to find out same information. Did you hear more information on release and pricing? The Shea sales office seem to think pricing will start under $2M and opening in July 2020.
Dr. CA Real Estate
New member
.
iacrenter
Well-known member
eyephone said:
I remember USC mentioning the market above $1.5M really starts to drop off even pre pandemic. Now add in Great Depression levels of unemployment, diminished FCB activity, and poor consumer confidence. I?m guessing a high broker coop and free upgrades right off the bat.
aquabliss
Well-known member
Most of the wealthy haven?t lost their jobs or wealth. It?s those retail and fast food workers on the edge of poverty with no savings that are hardest hit.
Granted the wealthy will take advantage of this time to get some deals and build their wealth on the other side.
Granted the wealthy will take advantage of this time to get some deals and build their wealth on the other side.
iacrenter
Well-known member
eyephone said:
Depends what kind of people buy $2M homes in Irvine. For instance, many doctors lost significant income due cancellation of elective surgery. A business owner of a car dealership, restaurant, or small hotel would also be hurting. If you were a true 1%er it wouldn?t matter, but are they the typical buyers of $2M tract homes.
irvinebullhousing
Well-known member
eyephone said:
I don't know about others, but myself practicing at least from now to the end of the year with extreme cautions and defense play at all level. There is alot of FOMO (Fear of Missing Out) but in my opinion, there is much more risk of downward pressure here and short gain. Like you mention above. The key phrase I got from J-Powell with the CBS 60 minutes interview "There is no limit to our printing and digitize the dollars" meaning they can continue to buy up and give away. So ask this, will this somehow, someday, save the system when all we do is just taking handout and very little produce and little consumption. Is that sustainable? And the health issues is not going away, if anything it will jump higher / faster.
zubs
Well-known member
I was not happy with Bernanke showering the economy with money back in 2010. I thought it was bad policy, but 10 years of crazy growth shows that it worked. We benefited from the Keynesian printing of USD.
Now we are on the precipice of a new great depression, and the solution is yet again to print money to infinite.
Some say the great depression would have been less severe if we had printed money to save ourselves, but it was probably not possible because USD was still tied to gold. Perhaps krugman was right and we should print and spend our way out of this mess.
The future can suck it, we need money now.
Now we are on the precipice of a new great depression, and the solution is yet again to print money to infinite.
Some say the great depression would have been less severe if we had printed money to save ourselves, but it was probably not possible because USD was still tied to gold. Perhaps krugman was right and we should print and spend our way out of this mess.
The future can suck it, we need money now.
I went to check out the view lots. The highest elevation is near the street Leafy Pass. But from the top, the view was not that great. I think once Palermo and the iPac homes are done, you will just see rooftops. The viewline seems a bit far out and not that great. $2.3-2.4 for view lots for 4100-4300 sq ft seems steep to me. It will be justifiable if the view was higher. But who knows.
