usctrojancpa
Well-known member
We also have In'N'Out.IndieDev said:
Current thoughts in 2011...
- Thread starter akim997
- Start date
NEW -> Contingent Buyer Assistance Program
Well, 85 Degrees is one thing...
But what about Yogurt Land, Tea Station, and of course H-Mart? Irvine is the new Oz, we have everything.
Like Bkshopr, Hmart does extensive demographic research on which locations they open. SoCal has 4 locations and Georgia has 5 locations, which are all major Asian hub locations of northern Atlanta.
Even though Hmart is not the flagship store in Diamond Jamboree Shopping Center (Guppy, 85 degrees, etc) in Irvine, it is the flag ship anchor in all 5 locations in Georgia, with a big Asian shopping center surrounding it. I kid you not, each of these five locations (Including some of Assi locations) are larger than the Diamond Jamboree Shopping Center location in Irvine.
Do you know the Campanile appears to be the only tract in NP Sq without MR ? If you do a search of other properties in NP Sq you will see they pay both: 1915 AD Bond MJ & Mello-Roos R4. But if you look at ALL the Campanile homes, they only pay the 1915 AD Bond for their property tax. Good for you Akim.
panda
Well-known member
You are right IndieDev.. Johns Creek does not have a 85 Degrees, however if you were franchise an 85 Degrees or Kogi here in Atlanta.. OMG... it would totally take off...
I don't want you coming out here and stealing my ideas ok? opening up an 85 degrees in Johns Creek or something.
I don't want you coming out here and stealing my ideas ok? opening up an 85 degrees in Johns Creek or something.
IndieDev said:USCTrojanCPA said:We also have In'N'Out.IndieDev said:
That's worth at least a 0.1% additional tax assessment.
IndieDev
New member
Panda said:You are right IndieDev.. Johns Creek does not have a 85 Degrees, however if you were franchise an 85 Degrees or Kogi here in Atlanta.. OMG... it would totally take off...
I don't want you coming out here and stealing my ideas ok? opening up an 85 degrees in Johns Creek or something.
IndieDev said:USCTrojanCPA said:We also have In'N'Out.IndieDev said:
That's worth at least a 0.1% additional tax assessment.
Well, 85 Degrees is one thing...
But what about Yogurt Land, Tea Station, and of course H-Mart? Irvine is the new Oz, we have everything.
irvinehomeowner
Well-known member
I think there are more H-Marts in Georgia than SoCal.
panda
Well-known member
Like Bkshopr, Hmart does extensive demographic research on which locations they open. SoCal has 4 locations and Georgia has 5 locations, which are all major Asian hub locations of northern Atlanta.
Even though Hmart is not the flagship store in Diamond Jamboree Shopping Center (Guppy, 85 degrees, etc) in Irvine, it is the flag ship anchor in all 5 locations in Georgia, with a big Asian shopping center surrounding it. I kid you not, each of these five locations (Including some of Assi locations) are larger than the Diamond Jamboree Shopping Center location in Irvine.
panda
Well-known member
IHO,
You think the FCB activity only happens in Irvine? My next door neighbor is a 30 year old Chinese couple with no kids. They are from OC and their rich Chinese parents bought their home for them 100% in cash. 13 out of the 15 lots that were available in this golf course community were bought by Asians (Chinese, Korean, and Indian). All 15 lots sold out in 3 months and the 15th home was sold at $50,000 higher than my purchase price. The other two were White Native Georgian buyers.
You think the FCB activity only happens in Irvine? My next door neighbor is a 30 year old Chinese couple with no kids. They are from OC and their rich Chinese parents bought their home for them 100% in cash. 13 out of the 15 lots that were available in this golf course community were bought by Asians (Chinese, Korean, and Indian). All 15 lots sold out in 3 months and the 15th home was sold at $50,000 higher than my purchase price. The other two were White Native Georgian buyers.
irvinehomeowner said:
panda,
sorry, detroit comment was me just being sarcastic. the point is there is some marginal propensity to consume with regards to housing... and i agree that irvine isnt the sweet spot. my comment about you and your GA mansion, was not meant to be a negative. it's a positive. my comment is better written "we in irvine probably do buy more than we should, while people like panda get better bang for the buck". i recall your old threads, which is why i made the comment of "atlanta's version of irvine"
sorry, detroit comment was me just being sarcastic. the point is there is some marginal propensity to consume with regards to housing... and i agree that irvine isnt the sweet spot. my comment about you and your GA mansion, was not meant to be a negative. it's a positive. my comment is better written "we in irvine probably do buy more than we should, while people like panda get better bang for the buck". i recall your old threads, which is why i made the comment of "atlanta's version of irvine"
got the appraisal today. I know it doesnt mean much, but was just relieved it didnt say "$500,000 and dropping...."
maybe the market is maturing a little? when i got an appraisal in 2009 for a refinance, the appraiser didnt account for short sales, and told me he was going to discount the prices 5-10% due to market conditions.
now the appraisal will list if a comp is a short sale, and he called the listing agent for comments on whether or not the home sold under duress at a discount or not. im sure these guys back into their numbers, but after going through 25 torrey pine, where the latest counter said "no appraisal contingencies" because they knew the house wouldnt appraise, i was worried.
maybe the market is maturing a little? when i got an appraisal in 2009 for a refinance, the appraiser didnt account for short sales, and told me he was going to discount the prices 5-10% due to market conditions.
now the appraisal will list if a comp is a short sale, and he called the listing agent for comments on whether or not the home sold under duress at a discount or not. im sure these guys back into their numbers, but after going through 25 torrey pine, where the latest counter said "no appraisal contingencies" because they knew the house wouldnt appraise, i was worried.
irvinehomeowner
Well-known member
I'm totally not the Irvine demographic... I rarely go to H-Mart, 99-Ranch etc... heck... I've only been to 85? once.
@akim:
Did you ask the appraiser if they included the Asian shopping/dining premium?
@akim:
Did you ask the appraiser if they included the Asian shopping/dining premium?
iacrenter
Well-known member
akim997 said:
Do you know the Campanile appears to be the only tract in NP Sq without MR ? If you do a search of other properties in NP Sq you will see they pay both: 1915 AD Bond MJ & Mello-Roos R4. But if you look at ALL the Campanile homes, they only pay the 1915 AD Bond for their property tax. Good for you Akim.
i didnt know the rest of NP Sq paid the mellos, and i was surprised that my house didnt have one. why? i recall in my education research that all residents of WI, NP, TR, and NP Sq were guaranteed their children would go to Boeckmann and never Tustin High since because of stipulations regarding the mellos bond. in any event, our escrow is pushed out a bit, but everything seems good.
weird note: house was built in 2008... or at least completed in 2008. it was one of the later houses of campenile, but the appraisal says built in 2006 with an "effective age" of 3 years... what gives?
lastly, i do want to make sure my neighbors are cool... is it bad etiquette to go snooping to speak to neighbors?
weird note: house was built in 2008... or at least completed in 2008. it was one of the later houses of campenile, but the appraisal says built in 2006 with an "effective age" of 3 years... what gives?
lastly, i do want to make sure my neighbors are cool... is it bad etiquette to go snooping to speak to neighbors?
usctrojancpa
Well-known member
Looks like 25 Torrey Pine closed. The price was $865k which was LESS than what my buyers offered (they even waived the appraisal contingency). You know, I'm really getting sick of these damn cash buyers. Why don't you guys give my financed buyers a chance??!!
usctrojancpa
Well-known member
Kind of the opposite, there's no other city in OC that has as many cash buyers as Irvine does hence prices being sticky. I would have personally financed my buyers if I had the cash, that's how strong financially they were. Money is money and still green, whether cash or borrowed. I'm getting tired of having to have my buyers compete against these cash buyers, especially when they outbid them.Noma said:This is what causing housing prices to drop in Irvine.USCTrojanCPA said:Sellers taking all cash buyers. I can't blame them myself. It's almost a sure thing in closing the deal.