Delima, Delima, Delima

[Cklein]

Are you implying Northwood pointe is better than stonegate?

Besides, what is the difference between northwood pointe and northwood?

Is this one northwood pointe or northwood?
http://www.redfin.com/CA/Irvine/5-Liquid-Amber-92620/home/4789498

If you want to be a landlord, buying brand new SFRs in Irvine is the worst return on money. I would buy a couple of 3 BR condos outside of Irvine from investment point of view.

If you like to buy a brand new/newer SFR to live and enjoy in Irvine, then I would suggest buying in one of the top neighborhoods such as Turtle Ridge, Quail Hill and Northwood Pointe. If you insist on brand new, or cannot afford these top neighborhoods, I would suggest Willow Bend if the price is right as the value will hold better for no other reason than University High. The location is also quite convenient as it is close to 405 and has a shopping center nearby.

It is very likely WL would price Willow Bend "too low" initially and all the Chinese/Asian FCBs who insist new homes with the best schools would bid up the price. You may want to get onto the interest list early so you have priority on the first couple phases. It is worth waiting for Willow Bend as Mendocino is nothing special to jump on early.

 

[usctrojancpa]

Are you implying Northwood pointe is better than stonegate?

Besides, what is the difference between northwood pointe and northwood?

Is this one northwood pointe or northwood?
http://www.redfin.com/CA/Irvine/5-Liquid-Amber-92620/home/4789498

If you want to be a landlord, buying brand new SFRs in Irvine is the worst return on money. I would buy a couple of 3 BR condos outside of Irvine from investment point of view.

If you like to buy a brand new/newer SFR to live and enjoy in Irvine, then I would suggest buying in one of the top neighborhoods such as Turtle Ridge, Quail Hill and Northwood Pointe. If you insist on brand new, or cannot afford these top neighborhoods, I would suggest Willow Bend if the price is right as the value will hold better for no other reason than University High. The location is also quite convenient as it is close to 405 and has a shopping center nearby.

It is very likely WL would price Willow Bend "too low" initially and all the Chinese/Asian FCBs who insist new homes with the best schools would bid up the price. You may want to get onto the interest list early so you have priority on the first couple phases. It is worth waiting for Willow Bend as Mendocino is nothing special to jump on early.

That's a Northwood Pointe home.  Those homes are built from the mid-90s to the early 2000s while the Northwood homes are older. 

 

[traceimage]

I don't think I'm the only one who noticed the misspelling

I thought Delima must be the name of a new development in Irvine. It sounds like something they might use.

 

[homer_simpson]

Delima Ranch, Delima Hill, Delima Rock, Delima Ridge and Delima Pointe... I would definitely buy!

 

[irvinehomeowner]

Delima Ranch, Delima Hill, Delima Rock, Delima Ridge and Delima Pointe... I would definitely buy!

I would only buy in Delima Hill.

 

[Cklein]

It's dilemma!

Thanks for kindly pointing it out, Socal. I need to practice my English better.

After over 10 years in USA, my English is still not as good as I wanted. I blame the CA environment! Too many Chinese, that I speak more Chinese than English everyday.

Now I need to learn Spanish too. What the heck!

 

[homer_simpson]

It's dilemma!

Thanks for kindly pointing it out, Socal. I need to practice my English better.

After over 10 years in USA, my English is still not as good as I wanted. I blame the CA environment! Too many Chinese, that I speak more Chinese than English everyday.

Now I need to learn Spanish too. What the heck!

What??? I thought "Delima" was a FCB term!

 

[irvinehomeowner]

What??? I thought "Delima" was a FCB term!

It is... it means "put cash into Irvine real estate".

 

[icey]

If you want return on investment you should buy Chinese stocks.

Test, that's the Hong Kong stock market chart....the Chinese stock market chart looks as ugly as this one looks pretty.

Agreed, I'd rathar go to Vegas, at least I know what I"m getting into.

Though I blew all my options income gains this year on AMRN last week lol so who am I to talk LOL

 

[dream16]

Not sure if it will be a BOOM in the next 5 years... although it's very hard to accurately guess housing because of the non-fundamental factors involved (yeah... that's right... I cited NON-fundamentals).

Like most will tell you, don't buy just because you are thinking of the money payout... buy because you need the space, it's a nice place to live, it's affordable, etc etc.

I remember when I was fresh out of college, my short-term goal was to buy (or as the old IHB snarkers like to say, "bank debt") myself a home and not rent. It was one of the best decisions I made (but unlike some, I was set in this area, was going to settle down so there were less question marks). I see nothing wrong with buying if you can make it work financially... at the same time... renting might be a better choice for those with different circumstances.

My only requirement, is make sure what you're buying you can live with for the next 5/10/15/forever years.

Well, certainly it has been a BOOM from 2012 prices to whats happening in IR now and many folks buy in for multiple reasons: one of them is to rent it out to others and let someone else pay a portion of their mortgage, realistically in IR: around 80%)

 

[dream16]

I am pretty made up my mind to buy a Mendocino house. This is the last try for you guys to talk me out of it.

1. I live in "The Village" apartment. Whoever lived there will love it. I love it even more. I can walk to work, Starbucks downstairs, and GYM is inside the building too. Bright, beautifully landscaped. Walk to Spectrum Shopping center and Theatre.  Moving to a "Mendocino HOUSE" seems a downgrade to my lifestyle.

2. I feel the "URGE" of owning my own place. Let my money work! Living in a house is like your money generates 2% TAX free interest! And this 2% is pretty much guaranteed.

I am single, my RENT is $1700, and a Mendocino house plan 2 will cost $900K to really complete the transaction include landscaping.

I guess the reason I am struggling is: I am really afraid that Irvine Housing will jump into another boom in next 5 years. Maybe double the price again in 10 years? It's kindof scary based on the speed of FED's money printing.

Even with the recent financial crisis, most houses in Irvine doubled their price between 2002 and 2012. Check out the data yourself! Turtle Ridge almost doubled its price between 2004 - 2012!

What will you do if you are in my shoes?

Well, haven't you heard?  It's a great time to buy a house.  Interest rates are at an all time low so the banks are practically giving money away.  With the Mendocino plan, we sell out every week.  Our homes are built with quality unlike those other builders who I cannot mention.  Come in a look at our miniature of the community.  Doesn't those little "SELL" buttons on the little houses compel you to buy?  All we need is a modest down payment and we will set you up with our Design Center.

It's like you are getting an Interior Designer for free.  Come and take a look at the models and you will see that you can put a ping pong table in your garage.  Make sure you pre-qualify with our preferred lender first.

You can do the paperwork directly in our office.  Buy direct.  No need for a real estate agent.  It saves us from paying the co-op and we don't share that with you.  Your home will be done in six months and we will call you back many times to sign a piece of paper but you can look at our models when you come in.

So if there are practically zero incentives for me as a 1st time home buyer to not bring a redfin agent and save a few thousand dollars via their refund fee + use their experience, then how would it make sense? I thought if someone approaches a new builder directly, they should give some additional benefits to the buyer that otherwise they would have been dictated by law to give to a real estate agent anyways.

 

[acf]

CKlein,

I'm in an almost identical situation. The only difference is I already own a detatched condo in Woodbury, which I bought 10 years ago. I've been looking for a year or so seriously, trying to decide if I should move up into something a little bigger.

I kind of feel like the prices shot up from 2012 to 2014 and now will stay pretty level at where they are at for the next few years. Who knows though.