Delano at Eastwood
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NEW -> Contingent Buyer Assistance Program
The right location answers all the questions.
It will continue to get sold out even if they raise more from here.
Once there start to remain some unsold homes at Delano, then maybe the market has reached the peak.
I personally think it will continue to be sold out for awhile.
One reason is due to the lack of resale inventory in the <$1m market, especially newer properties (built after 2010) in Irvine.
I did touch on that before, but I can tell you again.
Pros of Delano (other than the location):
1. No facing units except for the plan 1. There is no home in front of you.
2. Side yards from plan 2 and 3 are pretty decent size and provide privacy since they are at each corner.
3. Walking distance but far enough from noise to the elementary school.
4. Some free upgrades with wifi system installed for controlling AC, door locks, garage, etc.
5. High ceilings here and there to make it feel bigger and brighter.
6. Price was the pro a year ago.. not anymore
7. Lower MR than the similar products from SG, WB, PS, or GP.
8. Similar but not one of those clones from the previous cookie cutters of TIC.
Cons of Delano:
1. Price has become too high. Good for those who invested in earlier phases though.
2. Closer distance from the cell towers in the middle of Encore Street.
3. Attached. However I see more privacy than some of the detached homes because of its design.
4. Higher HOA than detached ones.
If you bought Delano a year ago, you would be very happy now since you are enjoying at least $100k appreciation or even more. Sure you could say that to any other homes, but I don't think any other "attached homes" would be able to give you this much appreciation this quick. Also I believe this was the last attached 3bd product west of 133 with a reasonable price for starters or investors to afford. Of course that time has passed..
Either BTB has "silenced" me or doesn't want to answer this question.
ROI = Rhetoric of Illusion
Avoiding the obvious. If I would to states all those things about a product or an item I would at least answer you.
It goes to show that lack of credibility. anyone buy Delano later phase will have buyer remorse 1 year from now. FCB are no dummies to come in and rescue at that price, they know their investments well. Why do you think they still purchase bonds and the good USA.
Okay, let me change the question:
Would he live in Delano... an attached product.
But I already pointed out that we have no way of knowing what sort of incentives were given to later phases or what things were changed...
I would recommend taking a drive to Eastwood. Drive around the neighborhood area, then go to Delano. Get all your questions answer. If you not doing the homework yourself, someone might give you with all good intention, wrong or (different) assessment than what you needed to see and hear.
You want to be very specific with Sales about numbers and incentives. Who's know you might like the plan 3 and their numbers and end up be Belly neighbor. Then write up a quick summary on TI, I think some might be interested to hear what you think.
And grab a cookie on the way out. DONE!
Burn That Belly
New member
x
Burn That Belly said:
The right location answers all the questions.
It will continue to get sold out even if they raise more from here.
Once there start to remain some unsold homes at Delano, then maybe the market has reached the peak.
I personally think it will continue to be sold out for awhile.
irvinehomeowner
Well-known member
I dunno... this sounds bubbly to me.
Who wants to buy the most expensive Delano model where you will have less ROI (!) than everyone else?
@Mety: Other than location, what is there to like about Delano at that price point?
#BitDelano
Who wants to buy the most expensive Delano model where you will have less ROI (!) than everyone else?
@Mety: Other than location, what is there to like about Delano at that price point?
#BitDelano
Burn That Belly
New member
x
usctrojancpa
Well-known member
Burn That Belly said:
One reason is due to the lack of resale inventory in the <$1m market, especially newer properties (built after 2010) in Irvine.
irvinehomeowner said:
I did touch on that before, but I can tell you again.
Pros of Delano (other than the location):
1. No facing units except for the plan 1. There is no home in front of you.
2. Side yards from plan 2 and 3 are pretty decent size and provide privacy since they are at each corner.
3. Walking distance but far enough from noise to the elementary school.
4. Some free upgrades with wifi system installed for controlling AC, door locks, garage, etc.
5. High ceilings here and there to make it feel bigger and brighter.
6. Price was the pro a year ago.. not anymore
7. Lower MR than the similar products from SG, WB, PS, or GP.
8. Similar but not one of those clones from the previous cookie cutters of TIC.
Cons of Delano:
1. Price has become too high. Good for those who invested in earlier phases though.
2. Closer distance from the cell towers in the middle of Encore Street.
3. Attached. However I see more privacy than some of the detached homes because of its design.
4. Higher HOA than detached ones.
If you bought Delano a year ago, you would be very happy now since you are enjoying at least $100k appreciation or even more. Sure you could say that to any other homes, but I don't think any other "attached homes" would be able to give you this much appreciation this quick. Also I believe this was the last attached 3bd product west of 133 with a reasonable price for starters or investors to afford. Of course that time has passed..
irvinehomeowner
Well-known member
You know what question I keep forgetting to ask BTB?
Would BTB buy an attached townhome like Delano to live in at $1m?
I'm assuming that BTB's new place is not attached... so it's easy for him to expound on the benefit of the ROI with no skin in the product.
Would BTB buy an attached townhome like Delano to live in at $1m?
I'm assuming that BTB's new place is not attached... so it's easy for him to expound on the benefit of the ROI with no skin in the product.
..actually that is true for most new homes
Burn That Belly
New member
x
Burn That Belly
New member
x
irvinehomeowner
Well-known member
irvinehomeowner said:
Either BTB has "silenced" me or doesn't want to answer this question.
ROI = Rhetoric of Illusion
ThirtySomethingWEquity
Active member
How do we know the later models of Delano don't have a lot more options standard or are not giving closing cost credit or other incentives?
Burn That Belly
New member
x
irvinebullhousing
Well-known member
irvinehomeowner said:
Avoiding the obvious. If I would to states all those things about a product or an item I would at least answer you.
It goes to show that lack of credibility. anyone buy Delano later phase will have buyer remorse 1 year from now. FCB are no dummies to come in and rescue at that price, they know their investments well. Why do you think they still purchase bonds and the good USA.
irvinehomeowner
Well-known member
Mety said:
Okay, let me change the question:
Would he live in Delano... an attached product.
ThirtySomethingWEquity
Active member
Mety said:
But I already pointed out that we have no way of knowing what sort of incentives were given to later phases or what things were changed...
irvinebullhousing
Well-known member
ThirtySomethingWEquity said:
I would recommend taking a drive to Eastwood. Drive around the neighborhood area, then go to Delano. Get all your questions answer. If you not doing the homework yourself, someone might give you with all good intention, wrong or (different) assessment than what you needed to see and hear.
You want to be very specific with Sales about numbers and incentives. Who's know you might like the plan 3 and their numbers and end up be Belly neighbor. Then write up a quick summary on TI, I think some might be interested to hear what you think.
And grab a cookie on the way out. DONE!