Getting nervous!
- Thread starter Paris167
- Start date
NEW -> Contingent Buyer Assistance Program
Congratulations on the opportunity and if you decide to proceed, I hope you'll enjoy the process.
-IR2
Man what a party pooper.
But I agree OH is PS 2.0 and is far from the new Broadcom campus and the new 20 story office tower in the Spectrum.
the affordability is the tricky part. which is why like Opensky, we purchased much less home than we can afford in case the gravy train were to stop some day, we could afford our lifestyle/home on lower salaries and not have to worry about selling the house or making significant lifestyle changes. the general thought is that you will always make more money and that your current salary is the floor of what you will make the rest of your life, which depending on your type of job that may be the case. but at some levels, like say CFO, the pay varies significantly from company to company. you could be pulling 500-800K one year,, buy a 2.5M house, then bonuses could dry up, equity becomes worthless or a new CEO comes in and gets rid of everyone and good luck trying to replace that 500-800K.
The Motor Court Company
Well-known member
gated + hill + low density is usually the winningest combo in Irvine real-estate.
Go for it and get rewarded after built out
Go for it and get rewarded after built out
woodburyowner
Well-known member
Congrats on the purchase. I am a big fan of Capella (location + floor plan) and wanted to buy there until I saw the lot size.
Irvinecommuter
New member
Congrats!
irvinerealtor
Well-known member
Paris167 said:
Congratulations on the opportunity and if you decide to proceed, I hope you'll enjoy the process.
-IR2
usctrojancpa
Well-known member
+1 All the basics are covered. Proceed and enjoy the home, don't worry about the value...it'll be there. Congrats and enjoy picking out the upgrades.ZeroLot said:
qwerty
Well-known member
I don't think you'll get Laguna altura like appreciation, I don't think you would lose much in a down cycle but I don't see the significant upside to OH. LA is south of the 405 zoned to Uni. Till Bros is building an exclusive $2M+ community next to LA. They will help sustain each other's value. TIC and ither builders are trying to capture future price increases in their pricing now. Look at the price variance between Capella and I forget the almost identical development in PS (quintera?)
And OH doesn't really have a premium location, it's the northernmost location in irvine, putting u farther from the marketplace, spectrum, district, diamond jamboree, etc. for some people like IHO whose lives keep them south of the 405 they would be better served buying in a place like foothill ranch (more bang for $) vs orchard hills since the drive to their preferred destinations wouldn't vary all that much in terms of time.
With that said congrats on your new home, in sure you'll enjoy it whether the price goes up, stays the same, or goes down.
Now if you really want to be where the action is at and get super powers in the process you should wait for Standard Pacifics 3,000 sq ft homes at Tustin legacy - you will be five minutes from the marketplace, 30 seconds from the district, 5 minutes from diamond jamboree and if you work by the airport you will be at your office in less than 10 minutes
And OH doesn't really have a premium location, it's the northernmost location in irvine, putting u farther from the marketplace, spectrum, district, diamond jamboree, etc. for some people like IHO whose lives keep them south of the 405 they would be better served buying in a place like foothill ranch (more bang for $) vs orchard hills since the drive to their preferred destinations wouldn't vary all that much in terms of time.
With that said congrats on your new home, in sure you'll enjoy it whether the price goes up, stays the same, or goes down.
Now if you really want to be where the action is at and get super powers in the process you should wait for Standard Pacifics 3,000 sq ft homes at Tustin legacy - you will be five minutes from the marketplace, 30 seconds from the district, 5 minutes from diamond jamboree and if you work by the airport you will be at your office in less than 10 minutes
qwerty said:I don't think you'll get Laguna altura like appreciation, I don't think you would lose much in a down cycle but I don't see the significant upside to OH. LA is south of the 405 zoned to Uni. Till Bros is building an exclusive $2M+ community next to LA. They will help sustain each other's value. TIC and ither builders are trying to capture future price increases in their pricing now. Look at the price variance between Capella and I forget the almost identical development in PS (quintera?)
And OH doesn't really have a premium location, it's the northernmost location in irvine, putting u farther from the marketplace, spectrum, district, diamond jamboree, etc. for some people like IHO whose lives keep them south of the 405 they would be better served buying in a place like foothill ranch (more bang for $) vs orchard hills since the drive to their preferred destinations wouldn't vary all that much in terms of time.
With that said congrats on your new home, in sure you'll enjoy it whether the price goes up, stays the same, or goes down.
Now if you really want to be where the action is at and get super powers in the process you should wait for Standard Pacifics 3,000 sq ft homes at Tustin legacy - you will be five minutes from the marketplace, 30 seconds from the district, 5 minutes from diamond jamboree and if you work by the airport you will be at your office in less than 10 minutes
Man what a party pooper.
But I agree OH is PS 2.0 and is far from the new Broadcom campus and the new 20 story office tower in the Spectrum.
irvinehomeowner
Well-known member
Congrats on your purchase Paris.
If it's the home you want, in the location you want, and you can afford it... there is nothing to worry about.
Make sure you like it for what you like... and don't worry too much about the "investment" part of it.
If it's the home you want, in the location you want, and you can afford it... there is nothing to worry about.
Make sure you like it for what you like... and don't worry too much about the "investment" part of it.
qwerty
Well-known member
irvinehomeowner said:
the affordability is the tricky part. which is why like Opensky, we purchased much less home than we can afford in case the gravy train were to stop some day, we could afford our lifestyle/home on lower salaries and not have to worry about selling the house or making significant lifestyle changes. the general thought is that you will always make more money and that your current salary is the floor of what you will make the rest of your life, which depending on your type of job that may be the case. but at some levels, like say CFO, the pay varies significantly from company to company. you could be pulling 500-800K one year,, buy a 2.5M house, then bonuses could dry up, equity becomes worthless or a new CEO comes in and gets rid of everyone and good luck trying to replace that 500-800K.
irvinehomeowner
Well-known member
It's better to be the smallest, cheapest house in good neighborhood than the biggest, most expensive house in an okay neighborhood.
If the home is affordable, than the investment part of it becomes secondary, because what is more important is the other things you mentioned, the location, how the home works for your family and the schools (OS!).
At one time we bought a home we liked, the lot was huge, but the location was not ideal, so we were always looking for the next home. That's not a very fun way to live. Now, being in a home where we like the floorplan and the location... and although not a very large lot (but bigger than most of the TIC lots), life is much better... and although we worry about the "investment"... that's nothing compared to constantly looking for another house because of the bad location.
If the home is affordable, than the investment part of it becomes secondary, because what is more important is the other things you mentioned, the location, how the home works for your family and the schools (OS!).
At one time we bought a home we liked, the lot was huge, but the location was not ideal, so we were always looking for the next home. That's not a very fun way to live. Now, being in a home where we like the floorplan and the location... and although not a very large lot (but bigger than most of the TIC lots), life is much better... and although we worry about the "investment"... that's nothing compared to constantly looking for another house because of the bad location.
