Could Irvine turn into the Beverly Hills of Orange County?

NEW -> Contingent Buyer Assistance Program
[quote author="bkshopr" date=1242730615]Could it be the recession affects the Caucasians more than Asians or Asians have the need for validation eventhough they are spending beyond their mean.</blockquote>


Have you noticed the lack of Asian response to the "Do you know people who are likely to lose their homes?" thread in the General forum?
 
[quote author="C Delroy Spuckler" date=1242766942][quote author="graphrix" date=1242744962]Here is what I have gained from this thread so far:



1. BK is a racist bastard, but we know this. Even if it is what he does for a living, you know... demographic research, and gets paid for it.

</blockquote>


So can someone please enlighten me, rather than laughing at me.



Is BK what is referred to on many internet circles as a troll?



How does doing demographic research for a living make it acceptable for someone to make broad generalizations about a race, and generalizations which as I mentioned, I believe to be wrong. If he does research for a living, I would be curious to hear what percentage of Irvine Asians are in fact engineers, or which ones might be small business owners. I won't ask him to dig up their college transcripts to tell me which ones are smart or carry LV bags. ;) (BTW, those LV bags, are most likely fake... not real... you don't have to go to China or Mexico to get cheap fakes. Finding a knockoff bag retailer in SoCal is not difficult)





Delroy "AKA the noob"</blockquote>


I'm Asian (ABC-I'm guessing, you are too). At first I was horrified because of what I perceived as stereotypes flying around here from BK (and others). Then I learned to accept the fact that what he is saying has merit. He DOES do this for a living and he DOES know his demographic. Doing demographic research for a living allows him to generalize-it's what he is paid to do. He generalizes so that he can plan business developments/home developments/5-car-frontal-garage-houses for a large number of people. From what I can tell he isn't talking badly about Asians, merely stating facts from his experience/observation. I don't think I've ever seen a BK post with malice behind it. Some of the jokes flying around here get a bit <em>borderline </em>but welcome to IHB/The Internets.



But hey what do I know. My family reads like a chapter out of BK's book of Asians...6-7 Engineers, 6-7 doctors, and a sis that loves (real) LV bags.
 
another reason why Irvine will never be like Beverly Hills - the Spectrum will never be able to compete with Rodeo Drive unless Mr. Bren kicks out all of the chain stores and restaurant and replaces them with high-priced exclusive boutiques and sheik eateries. You're also going to have to convince the Lexus suv and camry owners to replace their vehicles with Range Rovers and Porsches.
 
[quote author="caycifish" date=1242776097]That being said, I was frequently the only blond head in the room in Comp. Sci. classes at UCI. Just sayin'.

</blockquote>
The only blond head in my classes were if one of the Vietnamese guys was experimenting with Sun-In to see if it would get him a date with an Econ girl.



"B?n mu?n ?i ch?i v?i t?i, Buffy?"
 
And I'm confused... how is comparing Irvine to Beverly Hills a good thing?



Newport Coast is more BH than Irvine is... which is probably why I prefer Irvine over NP.



I like me stucco boxes and infi tot lots... if that keeps out the Sons of Samoa... even better.
 
[quote author="irvine_grad" date=1242778118][quote author="C Delroy Spuckler" date=1242766942][quote author="graphrix" date=1242744962]Here is what I have gained from this thread so far:



1. BK is a racist bastard, but we know this. Even if it is what he does for a living, you know... demographic research, and gets paid for it.

</blockquote>


So can someone please enlighten me, rather than laughing at me.



Is BK what is referred to on many internet circles as a troll?



How does doing demographic research for a living make it acceptable for someone to make broad generalizations about a race, and generalizations which as I mentioned, I believe to be wrong. If he does research for a living, I would be curious to hear what percentage of Irvine Asians are in fact engineers, or which ones might be small business owners. I won't ask him to dig up their college transcripts to tell me which ones are smart or carry LV bags. ;) (BTW, those LV bags, are most likely fake... not real... you don't have to go to China or Mexico to get cheap fakes. Finding a knockoff bag retailer in SoCal is not difficult)





Delroy "AKA the noob"</blockquote>


I'm Asian (ABC-I'm guessing, you are too). At first I was horrified because of what I perceived as stereotypes flying around here from BK (and others). Then I learned to accept the fact that what he is saying has merit. He DOES do this for a living and he DOES know his demographic. Doing demographic research for a living allows him to generalize-it's what he is paid to do. He generalizes so that he can plan business developments/home developments/5-car-frontal-garage-houses for a large number of people. From what I can tell he isn't talking badly about Asians, merely stating facts from his experience/observation. I don't think I've ever seen a BK post with malice behind it. Some of the jokes flying around here get a bit <em>borderline </em>but welcome to IHB/The Internets.



But hey what do I know. My family reads like a chapter out of BK's book of Asians...6-7 Engineers, 6-7 doctors, and a sis that loves (real) LV bags.</blockquote>


By October 15th, 2012, For every white man than roams the land of Irvine, there will be one of these.





<img src="http://farm1.static.flickr.com/41/85453615_d9cd132a32.jpg?v=0" alt="" /></blockquote>
 
[quote author="ABC123" date=1242741679]oh how I miss those days when threads would go ten pages long accusing BK of being racist against Asians.</blockquote>


We gotz lotz of Noobz. Letz do it agin.







BK, you racist stereotyper. How dare you say Asians are engineers? I know an Asian who is not an engineer. How dare you say Koreans like kimchi? I know a Korean who don't like kimchi, so you are a racist. How can you say Mexicans have dark hair. I am Mexican, my grandma was Mexican and she had red hair. Oh, the horror of racist stereotyping or broad generalizations! Do you not realize that you are responsible for intolerance and bigotry?



[/sarcasm]







Generalizations are generalizations. Exceptions do not make generalizations false or inaccurate nor is an observer a criminal for recognizing a generality.







Asians have slanty eyes, including BK. :P
 
[quote author="irvine_home_owner" date=1242779569][quote author="caycifish" date=1242776097]That being said, I was frequently the only blond head in the room in Comp. Sci. classes at UCI. Just sayin'.

</blockquote>
The only blond head in my classes were if one of the Vietnamese guys was experimenting with Sun-In to see if it would get him a date with an Econ girl.



"B?n mu?n ?i ch?i v?i t?i, Buffy?"</blockquote>That is cool. How do you do that?
 
Pricing also is a function of school quality. The present value of a good private school education for two kids (1st-12th grade) is about $300K ($25K/yr X 12 years).



I've never heard IR discuss this point but school quality explains a good chuck of the value differential, even more so with the state budget in meltdown.
 
but what is the marginal value of "school quality"?



i.e. compared to what, no school? SA public school (run of the mill, not charter or magnet, which are of course the same cost)? CM? Tustin? NPB?
 
[quote author="freedomCM" date=1242790244]but what is the marginal value of "school quality"?



i.e. compared to what, no school? SA public school (run of the mill, not charter or magnet, which are of course the same cost)? CM? Tustin? NPB?</blockquote>


marginal value, in actuality, is probably not that high. the <em>perception </em>of marginal value between irvine schools vs. every other school is high, though. people equate going to irvine with success when, in reality, elem/HS is not a very good indicator of future success.
 
[quote author="awgee" date=1242733932][.</blockquote>


My wife has no LV bags, what ever that is. She drives a 2000 Volvo station wagon. I drive a 2005 Honda minivan. She shops for our daughter's clothes at TJ Maxx or Ross or even the thrift store, yeah seriously. Etc, etc. And my guess is that she will end up with twice the home, with five times the lot size, ten times the view, twice the kitchen, etc. than most of the folks you speak of who need to live in Irvine.</blockquote>


Wait a minute... hold the phone. This is the IRVINE Housing Forum.... so if you think Irvine real estate is such crap, then why do you spend so much time keeping track of it? I am honestly confused. I admit that I am usually the last person to know what is going on.... so are you telling me the purpose of creating an Irvine Housing Forum is so that we can all come together and trash on it?



I also have no clue what an LV bag is - like I said, last to know... I am just shit surprised to see a bunch of men sitting around typing about ladies hand bags. LOL Who woulda thought?
 
[quote author="graphrix" date=1242744962]Here is what I have gained from this thread so far:



1. BK is a racist bastard, but we know this. Even if it is what he does for a living, you know... demographic research, and gets paid for it.



2. Corona is a sh*thole no matter how big the home is, or how many garages it has, it is still a sh*thole.



3. Some people need to search BK's comments to realize what a racist bastard he is NOT!



4. Some people have read BK's comments, and now have the knowledge to comment for him, and maybe even say it better since they do have a better understanding of the English language than he does. (no offense bk, I get what you say!)



5. No_Vas is a giant douche. There is no way of getting around this. He is like a black cloud that keeps following you everywhere you go. And, everyone wishes he would move back to the land of the dirt people, where he belongs, and no longer has internet access.



6. Asians are smarter than me, but I am smarter than those who live in the 909, therefore I am just as smart as Asians, and maybe smarter. Anyone ever check the last names of those going through foreclosure? Those LV bags will catch up to you.



7. Awgee is one step above a hobo living in Coto. Ross? Seriously? That is worse than Target man... at least TjMaxx has quality name brands that you can fake as cool in Coto. Please, go buy an aggressive sports car to fit your IHB personality. You can buy one cheap at the repo auction, and I will show you how.



8. IHO really needs a 5 car garage, and a bunch of FCB neighbors when he decides to buy. Give him some Kool-Aid too, I miss his old school drunk days.



9. Trojanman really needs a quality date, or at least he needs to get laid. This is a thread about housing bro, I wouldn't touch Lindsay with your... you know what.



10. The reality is Irvine is a bunch of stucco boxes, and it is not unique. It never will be. It will drive a premium because it is job center based, but there is nothing other than tot lots and repetition that is special about it. Oh the schools... who cares, be a good parent and you don't have to worry. Irvine will always have a premium over Anaheim, just like Beverly Hills will always have a premium over Inglewood. But, by no means is it, nor will it ever be as "special" as Beverly Hills.</blockquote>


Ok, got it. I am up to speed on what we have learned thus far. But what I have not learned yet is this - If Irvine is nothing but a bunch of stucco boxes that are not unique, then where the hell should I be looking to find a stucco box that IS unique. And sorry, but I am a shitty parent, so I need a school district as good as Irvine. Suggestions?
 
Geez, I go away for a couple of days and you go and start a thread like this. Since everyone seems to be numbering their thoughts in this thread, I'll join the party:



1) In appears in this (and most threads on IHB) the people calling for future carange of Irvine are also those most likely to A) not live in Irvine, and B) have no desire to ever live in Irvine. They see no value in the place, and therefore why should it hold any premium to them over whichever place it is they value. Naturually us Irvine residents (even those who don't own) tend to think Irvine is a little more special, and worth a little more than surrounding communities. I'm not making a judgement on which faction is likely right or wrong, I'm just sayin that's the general trend on IHB.



2) I think BKShopr and Graph are the smartest guys in the room. But they seem to have a differing opinion on what the future prices of Irvine holds. Who's right? It's almost like saying which child do you love more. But since I only have one child and don't have to make that call, I'll pick BK and his $375 sq ft theory. And I'll tell you why...



3) Irvine has nailed its brand identity in certain circles, much like LV or BMW has. A white dude like myself does not entirely get it --- while I really like Irivne, I could easily subsitute it for Aliso Viejo or Ladera Ranch, etc if I thought I was getting more bang for my buck there. But my 1.5 generation Taiwanese wife...no way. It's Irvine or bust for her, and for her LV-lovin' friends. I'm telling you folks, we go to a parties up in SGV, they gush about Irvine like its the promised land. "Oh, you guys live in IRVINE, its so nice there"; "Oh your daughter is so lucky to grow up in IRVINE"; "Oh you should buy down there now, prices will never drop that much in IRVINE". I'm not lying. If they have young kids or are planning kids, this is the place to be, hands down. And for the most part, these folks are the same ones we see putting 50% - 100% down payments in IPO and IR2's tracking sheets.



So as much as I would love to see $250 sq ft in the more desireable parts of Irvine, I fear its not going to happen. Something has changed with the branding of Irvine in the last decade, increasing its desireabilty with the school and safety crowd. I dunno, maybe its not Irvine that changed, but the rest of So Cal that has gotten crappier over time. I asked my wife about the Irvine of 1990-94 when she went to UCI: "It was ok, but nothing special and kind of in the boonies, and no good food". Hmm. But how about her feelings on 21st century Irvine? "It's got everything NOW, and so much more diverse --- it's like its not the same place". Sounds like Mr. Bren has done a good job of rebranding this place, at least for the smartest girl I know.



And oh, for those who say that Irvine can't compete with NB....I call BS on that. Irvine is not trying to compete with NB. It's going for another affluent group with a different set of values. Many people targeting Irvine probably would not even consider NB, even if they could afford it. That's another market there.
 
[quote author="gypsyuma" date=1242795214]

I also have no clue what an LV bag is - like I said, last to know... I am just shit surprised to see a bunch of men sitting around typing about ladies hand bags. LOL Who woulda thought?</blockquote>


<a href="http://www.louisvuitton.com/">Louis Vuitton</a>. They make men's products too.
 
[quote author="CK" date=1242797578]



And oh, for those who say that Irvine can't compete with NB....I call BS on that. Irvine is not trying to compete with NB. It's going for another affluent group with a different set of values. Many people targeting Irvine probably would not even consider NB, even if they could afford it. That's another market there.</blockquote>


I have many white friends who live in Newport Beach who used to live in Irvine when they were poorer. However, in my casual observation, for every white person who lives in Irvine because he can't afford to live in Newport Beach, there is at least one Asian person who can afford to live in Newport Beach but chooses to live in Irvine. TIC knows this very well. That's why there is a Trader Joes but no 99 Ranch Market at the Crystal Cove Promenade.
 
[quote author="CK" date=1242797578]And oh, for those who say that Irvine can't compete with NB....I call BS on that. Irvine is not trying to compete with NB. It's going for another affluent group with a different set of values. Many people targeting Irvine probably would not even consider NB, even if they could afford it. That's another market there.</blockquote>
Exactly... NB seems more BH to me... whenever I go to Fashion Island... I feel... underdressed... hehe.



Let the non-Irvinites talk all their smack... they don't know how good it is. It's just like 3-car garages... once you go extra-wide driveway you can never go back.



I still don't think it's worth $375/sft... FCBs may be rich... but the ones we have here are frugal... or else Target would have never got built.



Oh... and there are tons of Persians/Iranians/Iraqians/Middle-Easterns here... if that's what qualifies Irvine as BHillish... but no Lohans for usctrojanman.
 
My Indo-Chine friends tell me that Tremont in Fountain Valley, which opened just a few months ago, is selling like there's no recession and are almost sold out. These are $1 million homes next to the freeway, in a sketchy neighborhood, where adjecent houses are selling in the 400s, that are flying off the shelves. If KB is having no trouble selling Tremont for $1 mil, I don't think TIC will have any trouble selling Woodbury at $375/sq ft., especially if they release in limited quantities.
 
[quote author="gypsyuma" date=1242795214]



Wait a minute... hold the phone. This is the IRVINE Housing Forum.... so if you think Irvine real estate is such crap,

</blockquote>
Where did I say I thought Irvine real estate was such crap?



[quote author="gypsyuma" date=1242795214]

then why do you spend so much time keeping track of it?

</blockquote>
So much time? How much time are we talking about? Keeping track of it? You mean writing on this blog? I am not so sure I keep track of any Irvine real estate, although I do read about it here and other places.

[quote author="gypsyuma" date=1242795214] I am honestly confused.

</blockquote>
Maybe it is because you are making unfounded assumptions.

I blog at the Irvine Housing Blog because I like real estate and the IHB has some of the most interesting bloggers; ditto Calculated Risk.

[quote author="gypsyuma" date=1242795214]

I admit that I am usually the last person to know what is going on....

</blockquote>
I am right behind you in line.

[quote author="gypsyuma" date=1242795214]

so are you telling me the purpose of creating an Irvine Housing Forum is so that we can all come together and trash on it?

</blockquote>
Who is trashing the Irvine Housing Forum? And who was talking about creating the IHF? Or the purpose of it? I did not create it, so I could not deign to propound on the purpose of it's creation.

I think BK and some others were speaking of some folks overwhelming desire to purchase in Irvine because of the status they perceive their choice of residence will bring to them, and I was snarking about said perception. Seems fair to me. Status hunger seems like a good target to me. You disagree?

[quote author="gypsyuma" date=1242795214]

I also have no clue what an LV bag is - like I said, last to know...

</blockquote>
I asked my wife. It means Louis Vitton, (sp?).

[quote author="gypsyuma" date=1242795214]

I am just shit surprised to see a bunch of men sitting around typing about ladies hand bags. LOL Who woulda thought?</blockquote>
Well, why do you not tell us more about yourself, and we will type about you?
 
[quote author="gypsyuma" date=1242795683][quote author="graphrix" date=1242744962]Here is what I have gained from this thread so far:



1. BK is a racist bastard, but we know this. Even if it is what he does for a living, you know... demographic research, and gets paid for it.



2. Corona is a sh*thole no matter how big the home is, or how many garages it has, it is still a sh*thole.



3. Some people need to search BK's comments to realize what a racist bastard he is NOT!



4. Some people have read BK's comments, and now have the knowledge to comment for him, and maybe even say it better since they do have a better understanding of the English language than he does. (no offense bk, I get what you say!)



5. No_Vas is a giant douche. There is no way of getting around this. He is like a black cloud that keeps following you everywhere you go. And, everyone wishes he would move back to the land of the dirt people, where he belongs, and no longer has internet access.



6. Asians are smarter than me, but I am smarter than those who live in the 909, therefore I am just as smart as Asians, and maybe smarter. Anyone ever check the last names of those going through foreclosure? Those LV bags will catch up to you.



7. Awgee is one step above a hobo living in Coto. Ross? Seriously? That is worse than Target man... at least TjMaxx has quality name brands that you can fake as cool in Coto. Please, go buy an aggressive sports car to fit your IHB personality. You can buy one cheap at the repo auction, and I will show you how.



8. IHO really needs a 5 car garage, and a bunch of FCB neighbors when he decides to buy. Give him some Kool-Aid too, I miss his old school drunk days.



9. Trojanman really needs a quality date, or at least he needs to get laid. This is a thread about housing bro, I wouldn't touch Lindsay with your... you know what.



10. The reality is Irvine is a bunch of stucco boxes, and it is not unique. It never will be. It will drive a premium because it is job center based, but there is nothing other than tot lots and repetition that is special about it. Oh the schools... who cares, be a good parent and you don't have to worry. Irvine will always have a premium over Anaheim, just like Beverly Hills will always have a premium over Inglewood. But, by no means is it, nor will it ever be as "special" as Beverly Hills.</blockquote>


Ok, got it. I am up to speed on what we have learned thus far. But what I have not learned yet is this - If Irvine is nothing but a bunch of stucco boxes that are not unique, then where the hell should I be looking to find a stucco box that IS unique. And sorry, but I am a shitty parent, so I need a school district as good as Irvine. Suggestions?</blockquote>


Although there are better schools, Irvine is probably the best school district with the largest number of great schools. I think I do ok as a parent, and I want my kid to have the best education I can afford, even elementary and high school.
 
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