Future of real estate in irvine
- Thread starter thezeb00
- Start date
NEW -> Contingent Buyer Assistance Program
I'm just trying to state that it's not hard to do. Yes.. you can't all live DAT LYFE aka Qwerty lyfe.. and maybe it would really affect his lifestyle currently.. but you can still live an okay lifestyle and not have to shop at the 99 cent store every other weekend at 200K. The barrier for most first time home buyers is the down payment. Look at Irvine rents. $2600 for a 2 bedroom?
This deserves its own thread!
My first car is also a Honda, the Civic EX Coupe. Neuspeed 2" drop springs, white Volk TE-37 rims, R.S. Akimoto intake for my rice rocket. If I gun it, I can beat a Vespa! Worse part, we paid sticker for the new car, my mom and I didn't know you were suppose to haggle. And our APR was 19.99%. We really got swindled, and I will remember that for the rest of my life.
I know one of jmoney's challenge/security questions!
LOL
Man you had it decked out nicely. I only added an exhaust to mine with some cheapy upgrades that only a part time employee at the family fun center could afford (now boomers).
Sucks you guys got swindled like that. The internet is such a huge ally now to look up information on what you should be paying.
You shouldn't complain if you vote Democrat. Tax tax...
Median household income is only around $90k/yr. My household income is around there and I managed to buy a 2000 sq ft home, have both kids in preschool, own two relatively new vehicles, go on vacation twice a year, etc. You guys saying it's tight on $200k/yr have no clue.
Bought before prices went back up. Paid under $600K ($280/sqft). Monthlies are mortgage of $1900, property tax $500, mello roos $300, hoa $245, insurance $50 = $2995/mo
J
jmoney74
Guest
thatOSguy said:
I'm just trying to state that it's not hard to do. Yes.. you can't all live DAT LYFE aka Qwerty lyfe.. and maybe it would really affect his lifestyle currently.. but you can still live an okay lifestyle and not have to shop at the 99 cent store every other weekend at 200K. The barrier for most first time home buyers is the down payment. Look at Irvine rents. $2600 for a 2 bedroom?
J
jmoney74
Guest
Civic Si Hatchback was my first ride.. you always remember the first.
ps99472
New member
jmoney74 said:
This deserves its own thread!
My first car is also a Honda, the Civic EX Coupe. Neuspeed 2" drop springs, white Volk TE-37 rims, R.S. Akimoto intake for my rice rocket. If I gun it, I can beat a Vespa! Worse part, we paid sticker for the new car, my mom and I didn't know you were suppose to haggle. And our APR was 19.99%. We really got swindled, and I will remember that for the rest of my life.
I know one of jmoney's challenge/security questions!
J
jmoney74
Guest
ps9 said:
LOL
Man you had it decked out nicely. I only added an exhaust to mine with some cheapy upgrades that only a part time employee at the family fun center could afford (now boomers).
Sucks you guys got swindled like that. The internet is such a huge ally now to look up information on what you should be paying.
gasman said:thatOSguy said:
LOL...oops, I haven't filed my 2013 returns yet. Maybe I'll rescind my statement come July/Aug...
...or not.Not until the lawmakers give me a retroactive rebate on AMT for the past 5 years...
You shouldn't complain if you vote Democrat. Tax tax...
irvinehomeshopper
Well-known member
You articulated your point well. HOA dues, MR and mortgage for many are a burden for an average family. However many doctors, attorneys and Tech geeks make fairly good living could live in a custom home else where but chose a tract home in Irvine. Tutors and cultural enrichment classes cost about $25k annually. The school competition is so fierce it is really heartbroken to see your child fall and get left behind if one can't afford the extra enrichment courses. The cost of living is much higher. Retail, restaurants, and services are costlier. The comfort is knowing that the house investment and future appreciation is the 401k and takes a gamble by not having money set aside for the future such as medical emergencies and unforeseeable events.
When economy tanks cash is king. Many house rich cash poor were caught in a bind if one loses a job or has medical bills. Immediate cash meant selling the home at the worst market. The last recession was a good example where house rich folks lost their homes and cars to the banks.
When economy tanks cash is king. Many house rich cash poor were caught in a bind if one loses a job or has medical bills. Immediate cash meant selling the home at the worst market. The last recession was a good example where house rich folks lost their homes and cars to the banks.
thatOSguy said:I guess I suck at articulating a point.
At least qwerty and IHO (hopefully) get me. Is that progress? Or a step back?
paperboyNC
New member
Irvinecommuter said:
Median household income is only around $90k/yr. My household income is around there and I managed to buy a 2000 sq ft home, have both kids in preschool, own two relatively new vehicles, go on vacation twice a year, etc. You guys saying it's tight on $200k/yr have no clue.
paperboyNC
New member
thatOSguy said:
Bought before prices went back up. Paid under $600K ($280/sqft). Monthlies are mortgage of $1900, property tax $500, mello roos $300, hoa $245, insurance $50 = $2995/mo