irvinehomeowner
Well-known member
If no one is looking at this thread... why do you still post here?oceanmonkey said:
#confused
Ellwood by Richmond American at Beacon Park
- Thread starter ps99472
- Start date
NEW -> Contingent Buyer Assistance Program
#confused
because only you and your lil brother "irvinehomeshopper" are not so smart enough to browse back here.
why do you need two logins on here to display the same level of incompetence.
#ConfusedButKnowTheAnswer
i questioned the delivery of Ellwood in comparison with other development at BP, all the sudden, i am a monkey in the grade school. i don't hate people who wants to be one of IHS' chickens. if you have informative answer to provide, type it up.
That's a fair answer that i am hoping to get here. if i tell you through my observation in the last couple of month, Ellwood is quite beyound the normal *delays* with the new home construction, you would understand where i am coming from. dozens of houses in the neighboring community started around the same time with Ellwood, and i can see the progress each time when i drove around BP. I don't hate Ellwood, i just want people to claim the F*** down. Their price started low, but now it is not that competitive anymore. on top of that, the construction delays and high mello roos should get buyers to think twice before signing the purchase contract.
i don't have the answer for the question, since i am not one of the "insiders". from what i can see, their construction work is stalling or moving very slowly. the same framed houses stayed the same for months.
Google translator fanboy?
it sounds like you're frequently visiting BP so why not just head in the office and ask the sales people? its not like its some great big secret and I suspect other buyers are being updated/informed on this too.
anyways long story short they seem to have ran into an issue with the framing contractors and so it just sat in that phase forever, essentially delaying all phase 1-2 homes while others are built up around them.
the other ellwood buyer already chimed in on his estimated closing date change.. ours is delayed by an additional month too. i hadn't thought too much about it as i took the initial estimate with a grain of salt given it was too optimistic, and we're fortunate to not be impacted as we're flexible.
it sounds like only 1-2 buyers are in a pickle which is unfortunate/unacceptable - basically one buyer is ready to move in a month ago but they're now stuck. the whole thing seems serious enough that they'll invite buyers out to a meeting to discuss time horizon and other details, so I suspect they'll address other concerns there (and hopefully make good somehow to those heavily impacted).
#confused
oceanmonkey
New member
irvinehomeowner said:
because only you and your lil brother "irvinehomeshopper" are not so smart enough to browse back here.
why do you need two logins on here to display the same level of incompetence.
#ConfusedButKnowTheAnswer
oceanmonkey
New member
IHS can not accept someone is not admiring his claimed work at Ellwood.
guess i am one of them.
guess i am one of them.
irvinehomeshopper
Well-known member
Are you kidding me? You would hope that your comments impact me. I got bigger fish to fry.
J
jmoney74
Guest
lol.. this thread is weird. Not sure of oceanmonkey's agenda.. that of a grade school kid.
Plus, I would think no one cares about the comments about them not closing escrow. The builder isn't going to not close escrow. It is a new house, it isn't a widget coming from amazon that you'll get next day. You understand when you buy a property, their will be some potential delays in closing escrow.
I wanted to buy in BP (and who knows, with a price correction I still might), although wasn't looking at Ellwood. Having been following the overall progress of a number of tracts (won't list the specific names, but SFR in the 2500 - 3000 sq ft range...I also was thinking Welton on day 1 (thought I'd go with the value play and take the closet thing to a true SFR for a discount) but hated their floorplan on the plan 3, but anyway, Ellwood is the only project in the neighborhood (maybe one of the other condo tracts is doing well?) which is actually selling. So whatever breath you are spending saying Ellwood is a bust is just wasted. It clearly is the outlier of BP and performing quite strongly.
Also, further evidence for a combination of the unique design by IHS as well as the right price point (the SFR market is slow because most people looking in that market are likely current homeowner who tend to have a higher probability of being more patient vs. a younger / 1st time buyer (obviously emerging affluent) that I presume makes up the typical Ellwood buyer (and they might have further worries about being priced out and thus this entry level place (yes...I said entry level for an 800K place, oh god) makes sense for them as they don't want to continue renting.
I wanted to buy in BP (and who knows, with a price correction I still might), although wasn't looking at Ellwood. Having been following the overall progress of a number of tracts (won't list the specific names, but SFR in the 2500 - 3000 sq ft range...I also was thinking Welton on day 1 (thought I'd go with the value play and take the closet thing to a true SFR for a discount) but hated their floorplan on the plan 3, but anyway, Ellwood is the only project in the neighborhood (maybe one of the other condo tracts is doing well?) which is actually selling. So whatever breath you are spending saying Ellwood is a bust is just wasted. It clearly is the outlier of BP and performing quite strongly.
Also, further evidence for a combination of the unique design by IHS as well as the right price point (the SFR market is slow because most people looking in that market are likely current homeowner who tend to have a higher probability of being more patient vs. a younger / 1st time buyer (obviously emerging affluent) that I presume makes up the typical Ellwood buyer (and they might have further worries about being priced out and thus this entry level place (yes...I said entry level for an 800K place, oh god) makes sense for them as they don't want to continue renting.
Perspective
Well-known member
Does Ellwood lie in a specific beneficial part of the crane's body? How else to explain its out-performance?
irvinehomeshopper
Well-known member
I was given an opportunity to design 4 projects but I chose just one. There were glamorous ones as well as entry level attached price leader. What Bullsback articulated was the very reason I chose the mid range. Although I knew a lot about the deep pocketed FCBs but that market over $1m did not seem to be of a concern. Bo Xilai's trial and the lack luster sales at SCP's Hermes and VCA during the Chinese New Year 2 year ago was the indicator that alerted me to stay away from the $1m price tag products. At first the initial targeted price was in the high 6 and low 7. The sweet spot is between 6 and 8. Buyers will strive to stay within a conforming loan with either savings, gift or family loan to make the down payment. The home characters are Americana to appeal to a generation wanting a home different from their immigrant parents' or possibly something reminiscent of their grandma's house for the Caucasians. The products are not universally appeal to everyone but only to target those outlined in my strategy. I just need about 6 dozen believers.
oceanmonkey
New member
jmoney74 said:
i questioned the delivery of Ellwood in comparison with other development at BP, all the sudden, i am a monkey in the grade school. i don't hate people who wants to be one of IHS' chickens. if you have informative answer to provide, type it up.
oceanmonkey
New member
Bullsback said:
That's a fair answer that i am hoping to get here. if i tell you through my observation in the last couple of month, Ellwood is quite beyound the normal *delays* with the new home construction, you would understand where i am coming from. dozens of houses in the neighboring community started around the same time with Ellwood, and i can see the progress each time when i drove around BP. I don't hate Ellwood, i just want people to claim the F*** down. Their price started low, but now it is not that competitive anymore. on top of that, the construction delays and high mello roos should get buyers to think twice before signing the purchase contract.
So what's the hold up? Roof deck construction issues?
Also, I think part of this is Richmond American aggressively releasing phases. Some builders will space out the releases more or stop them all together until construction catches up. But I guess they're just striking while the iron is hot.
Also, I think part of this is Richmond American aggressively releasing phases. Some builders will space out the releases more or stop them all together until construction catches up. But I guess they're just striking while the iron is hot.
oceanmonkey
New member
bones said:
i don't have the answer for the question, since i am not one of the "insiders". from what i can see, their construction work is stalling or moving very slowly. the same framed houses stayed the same for months.
oceanmonkey
New member
aquabliss said:
Google translator fanboy?
oceanmonkey said:
it sounds like you're frequently visiting BP so why not just head in the office and ask the sales people? its not like its some great big secret and I suspect other buyers are being updated/informed on this too.
anyways long story short they seem to have ran into an issue with the framing contractors and so it just sat in that phase forever, essentially delaying all phase 1-2 homes while others are built up around them.
the other ellwood buyer already chimed in on his estimated closing date change.. ours is delayed by an additional month too. i hadn't thought too much about it as i took the initial estimate with a grain of salt given it was too optimistic, and we're fortunate to not be impacted as we're flexible.
it sounds like only 1-2 buyers are in a pickle which is unfortunate/unacceptable - basically one buyer is ready to move in a month ago but they're now stuck. the whole thing seems serious enough that they'll invite buyers out to a meeting to discuss time horizon and other details, so I suspect they'll address other concerns there (and hopefully make good somehow to those heavily impacted).
Cornflakes
Active member
Eagerly waiting for the phase 10 release on 12/5. Mainly, I am interested in seeing how fast they sell this phase and what kind price jumps, if any they are coming up with.
I am still at loss to understand what is the catch for Ellwood being bale to offer good value compared to competition. :-\
I am still at loss to understand what is the catch for Ellwood being bale to offer good value compared to competition. :-\