Burn That Belly
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Delano at Eastwood
- Thread starter lnc
- Start date
NEW -> Contingent Buyer Assistance Program
Millennials (22-37 yrs old according to Google) want new swaggers and think about the appreciation more than anything.
I'm a millenial too, but unlike the majority of them, I like resale homes more than new constructions for following reasons:
1. I can't fully predict what would be next to my home if I were to buy a new construction home. There might be electrical boxes, cell towers, another new contruction right in front, whatever I don't want.
2. There are upgrades already done in resale homes. Although some homes need lotta re-work done to fit my personal taste, there is a unicorn time to time.
3. I can sense what the neighbor feels like. This is kinda similar to reason #1. I can see if this is a type of neighbor I can see our family grow. Hard to do that with new homes although if it's near the end phases, there might be some sense of it.
4. No waiting period. I don't like to wait 6 months for my new home to be finished.
5. Less or no MR. I just can't see myself paying $10k MR.
6. Older homes usually have better floorplans with bigger yards (Sorry Irvinecommuter). Although I wouldn't buy homes built prior to 70s becuase of asbestos.
7. I can check who lives next door before closing.
Everyone is different and some people might not agree with my lists and that's totally fine.
If you must buy "new" I would say Delano is a good investment for the appreciation it already showed with each phase price rise and it is still out of stock. Although I think it has gone up too much, it seems like it would rise even more from here.
No apartments.
But as IHS mentioned, trash gravy from Bowerman landfill will affect Eastwood more than Stonegate.
This topic was previously discussed here until YF self-imploded:http://www.talkirvine.com/index.php/topic,15322.msg310874.html#msg310874
Agree. I just don?t think it?ll translate at resale.
Unless maybe Donald Bren is providing lifetime, guaranteed Bowerman landfill trash gravy cleanup.
Bren is worth $16B on the back of TIC (10x the value of 5P) so that would be peanuts to show TIC?s philanthropy and humanity ( #btblogic )
Deflection at its finest.
Why are you bringing GP back into this? The current posts have been about Eastwood vs *Stonegate*.
Is it bad that I find the phrase "Trash Gravy" appetizing?
irvinehomeowner said:
Millennials (22-37 yrs old according to Google) want new swaggers and think about the appreciation more than anything.
I'm a millenial too, but unlike the majority of them, I like resale homes more than new constructions for following reasons:
1. I can't fully predict what would be next to my home if I were to buy a new construction home. There might be electrical boxes, cell towers, another new contruction right in front, whatever I don't want.
2. There are upgrades already done in resale homes. Although some homes need lotta re-work done to fit my personal taste, there is a unicorn time to time.
3. I can sense what the neighbor feels like. This is kinda similar to reason #1. I can see if this is a type of neighbor I can see our family grow. Hard to do that with new homes although if it's near the end phases, there might be some sense of it.
4. No waiting period. I don't like to wait 6 months for my new home to be finished.
5. Less or no MR. I just can't see myself paying $10k MR.
6. Older homes usually have better floorplans with bigger yards (Sorry Irvinecommuter). Although I wouldn't buy homes built prior to 70s becuase of asbestos.
7. I can check who lives next door before closing.
Everyone is different and some people might not agree with my lists and that's totally fine.
If you must buy "new" I would say Delano is a good investment for the appreciation it already showed with each phase price rise and it is still out of stock. Although I think it has gone up too much, it seems like it would rise even more from here.
Burn That Belly
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Burn That Belly
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i1 said:
No apartments.
But as IHS mentioned, trash gravy from Bowerman landfill will affect Eastwood more than Stonegate.
This topic was previously discussed here until YF self-imploded:http://www.talkirvine.com/index.php/topic,15322.msg310874.html#msg310874
Why EW is more desirable than Stonegate? I thing it also has something to do with the new home they currently are selling.
When these under $1m new build attached and detached condos coming out at Eastwood, Stonegte are already done with these type of products and moving on to mid priced large SFR, which are not what most first time buyer are looking for. Thus the sale pace of new home at Stonegate was at snail pace compare to EW.
These sub 1 million products are the hottest sector and EW is the only player in town West of 133 and zone to Northwood High.
If Stonegate?s sub $1m products came out around the same times as EW?s, I think the popularity would be quite close. As I recall, Saratoga, San Mateo, etc, was selling like hot cake too when they came out.
When these under $1m new build attached and detached condos coming out at Eastwood, Stonegte are already done with these type of products and moving on to mid priced large SFR, which are not what most first time buyer are looking for. Thus the sale pace of new home at Stonegate was at snail pace compare to EW.
These sub 1 million products are the hottest sector and EW is the only player in town West of 133 and zone to Northwood High.
If Stonegate?s sub $1m products came out around the same times as EW?s, I think the popularity would be quite close. As I recall, Saratoga, San Mateo, etc, was selling like hot cake too when they came out.
lnc said:
Agree. I just don?t think it?ll translate at resale.
Unless maybe Donald Bren is providing lifetime, guaranteed Bowerman landfill trash gravy cleanup.
Bren is worth $16B on the back of TIC (10x the value of 5P) so that would be peanuts to show TIC?s philanthropy and humanity ( #btblogic )
Burn That Belly
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Burn That Belly
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irvinehomeowner
Well-known member
Burn That Belly said:
Deflection at its finest.
Why are you bringing GP back into this? The current posts have been about Eastwood vs *Stonegate*.
Is it bad that I find the phrase "Trash Gravy" appetizing?