Foreign buyers

[irvinehusky]

We're not in the top 10.  I should not have bought in Irvine! 
http://www.inman.com/reports/global-buyers

 

[irvinehomeowner]

FCBs are a myth.

These are not the buyers you are looking for.

 

[changm55]

The markets in this report were chosen based on the percentage of all homes sold in the area from May 2011 through January 2012 for which a foreign mailing address was listed for the buyer on the property deed.

hard to say if i agree with their methodology though...

 

[momopi]

FCB's are over-blown, but CB's have a large impact in today's market due to low supply.

 

[ps99472]

[youtube]http://www.youtube.com/watch?v=CIsRN9qTA1g[/youtube]
Love this movie

 

[freedomcm]

--In seven out of 10 markets, the median sales price for an existing, single-family home was lower than the national median of $163,500 in fourth-quarter 2011. In eight out of 10 markets, the median sales price for a condo was lower than the national median of $160,800 for that same quarter.


Its not the SoCal market, the vast majority of sales seem to be to FCB snowbird bargain hunters.

 

[jayl23]

With perhaps a sprinkling of 'suspicious' money...
http://www.zerohedge.com/news/why-nar-will-never-be-prosecuted-facilitating-money-laundering

 

[The Motor Court Company]

Irvine has a lot of multi-generational buyers - working couples who get a hefty down payment from their parents - either rich or sold their houses back home to live with their children in the US.