Cypress Village Homes

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Irvinecommuter said:
Hate to sound like a NAR shill but there is good reason to "buy now"

1)  Interest rates will go up...question is how fast and how high.  We are able to buy in Irvine largely because the interest is low.  If you bump the interests up a few points, some people will get priced out.

dont you think there are others like you and if you and those like you would get priced out due to a rate increase, dont you think that would shrink the demand side of the equation leading to lower prices?
 
qwerty said:
Irvinecommuter said:
Hate to sound like a NAR shill but there is good reason to "buy now"

1)  Interest rates will go up...question is how fast and how high.  We are able to buy in Irvine largely because the interest is low.  If you bump the interests up a few points, some people will get priced out.

dont you think there are others like you and if you and those like you would get priced out due to a rate increase, dont you think that would shrink the demand side of the equation leading to lower prices?

Definitely...but you would get a stalemate.  Prices won't go down and a few buyers would be available.  Just means that people get stuck renting in a rising rent market.
 
Irvinecommuter said:
qwerty said:
Irvinecommuter said:
Hate to sound like a NAR shill but there is good reason to "buy now"

1)  Interest rates will go up...question is how fast and how high.  We are able to buy in Irvine largely because the interest is low.  If you bump the interests up a few points, some people will get priced out.

dont you think there are others like you and if you and those like you would get priced out due to a rate increase, dont you think that would shrink the demand side of the equation leading to lower prices?

Definitely...but you would get a stalemate.  Prices won't go down and a few buyers would be available.  Just means that people get stuck renting in a rising rent market.

i would agree that you would get a stalemate at first, but if demand stayed low and TIC wanted to move product they would have no choice but to drop the price to match the buyers affordability levels. or they may just halt construction, let the demand build up for a couple of years, raise prices 20% from their current levels and wait for the suckers, i mean FCBs to come to the rescue.
 
qwerty said:
if demand stayed low and TIC wanted to move product they would have no choice but to drop the price to match the buyers affordability levels. or they may just halt construction, let the demand build up for a couple of years, raise prices 20% from their current levels and wait for the suckers, i mean FCBs to come to the rescue.
But IndieDev said TIC doesn't stop building.
 
qwerty said:
Irvinecommuter said:
qwerty said:
Irvinecommuter said:
Hate to sound like a NAR shill but there is good reason to "buy now"

1)  Interest rates will go up...question is how fast and how high.  We are able to buy in Irvine largely because the interest is low.  If you bump the interests up a few points, some people will get priced out.

dont you think there are others like you and if you and those like you would get priced out due to a rate increase, dont you think that would shrink the demand side of the equation leading to lower prices?

Definitely...but you would get a stalemate.  Prices won't go down and a few buyers would be available.  Just means that people get stuck renting in a rising rent market.

i would agree that you would get a stalemate at first, but if demand stayed low and TIC wanted to move product they would have no choice but to drop the price to match the buyers affordability levels. or they may just halt construction, let the demand build up for a couple of years, raise prices 20% from their current levels and wait for the suckers, i mean FCBs to come to the rescue.

I believe there was a discussion about this and TIC only dropped price one time in LA.  They will just halt construction...that's why they are selling in phases.  They have little or no carrying costs because they don't build the house until you pay for it.  It will just stay stagnant.  But in the interim, renter will stay renters.  If you are okay with that, that's fine. 
 
irvinehomeowner said:
I don't know who designs the street layout, but I would think they would choose a layout that creates a higher number of "premium" lots and also provides some family type streets.

Current on the left, IHO-style on the right:

fumglh.jpg


Same space, same number of homes but in this configuration, you get 4 cul-de-sacs and 8 more lots that are "corner" lots. Wouldn't that be better?

And if you're worried about the Feng Shui T homes, you can add another cross street in the middle that would add 4 more corner lots (but I think you lose 2 homes).

6 culdesacs, on the left, even better.

2143v6c.jpg

 
JasonTheArtist said:
What do you think IP will build here? It's so close to the freeway, I can't imagine these selling well.

tract+map.jpg


Notice the tract in the top left corner.  Those lots look pretty big.
 
The 6 cul de sacs on the left will not be Mulberry... different lot shapes. The other Mulberry project is the one on the right (labeled "Project Site").
 
Chairman said:
Just the two of us...

Make that 3 of us.  Of course I also know for a fact there are at least 2 other members that's on here that's also CV residents.  How do I know?  Because I talked with them in person.  But they are not the posting types.  ::)

Anyhow I was wondering if anyone knows what developments are coming next for Cypress Village????  There's a big plot of land between the elementary school, Marigold, apartments, and Jade Court.  From satellite view it looks like it's being graded for single family homes. 

To see what I mean, click on the "Interactive Homesite Map" athttp://www.ryland.com/find-your-new-home/21-southern-california/6022-acacia-at-cypress-village.html
 
ZeroLot said:
Chairman said:
Just the two of us...

Make that 3 of us.  Of course I also know for a fact there are at least 2 other members that's on here that's also CV residents.  How do I know?  Because I talked with them in person.  But they are not the posting types.  ::)

Anyhow I was wondering if anyone knows what developments are coming next for Cypress Village????  There's a big plot of land between the elementary school, Marigold, apartments, and Jade Court.  From satellite view it looks like it's being graded for single family homes. 

To see what I mean, click on the "Interactive Homesite Map" athttp://www.ryland.com/find-your-new-home/21-southern-california/6022-acacia-at-cypress-village.html

That would be Laurel
http://www.talkirvine.com/index.php/topic,11163.0.html



 
Area is closest to the 405 freeway and therefore ocean? The homes west of 405 carry a higher price than homes east of the 405 and it varies based on closeness to the ocean. It is usually a few degrees cooler west of the 405 vs the east and thus translates into a higher home premium.
 
OpenSky said:
Test, why do you say CV is the best of the north Irvine villages? How do you think Northpark (+Square) compares?

CV is the best location wise.  NP is assigned to TUSD which is a negative.
 
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