homer_simpson
Well-known member
irvinehomeowner said:That's what you meant.Troller_Simpson said:jmoney74 said:
I agree bud!
When are we gonna go grab ATB???
Irvine or Baker Ranch (Lake Forest)
- Thread starter NathanIrvine
- Start date
NEW -> Contingent Buyer Assistance Program
When are we gonna go grab ATB???
Any good places in Johns Creek?
Just at Panda's home. text me when you wanna go.
Not sure if you're familiar with the Monbury neighborhood of Lake Forest but there are homes there that do trade in the millions. And as someone else has pointed out the Lake neighborhoods of Lake Forest also do have homes in the millions as does Foothill Ranch. Granted there's not as many million dollar areas as there are in Irvine.
One would think that much of Irvine's ever increasing prices are highly due to the influx of the foreigners looking to buy there. The population of Irvine's Asian community has doubled from 40k to over 80k from 2000 to 2010, respectfully taking the Asian population from the 20's to the 40's percentile. Generally speaking most areas that are higher in Asian concentration have higher property prices. It could also be said the same for the higher school scores. For example, if comparing Irvine High School to El Toro High School (in Lake Forest):
Irvine High School API scores
Overall score: 877
Whites score: 868
Asians score: 918
EL Toro High School API scores
Overall score: 839
Whites score: 871
Asians score: 916
Fairly similar scores when comparing races at each school however the overall scores between the schools significantly vary. The reason being the population of the schools by race (who took the test) also significantly vary:
Irvine High School:
Whites: 373 students
Asians: 543 students
El Toro High School:
Whites: 1013 students
Asians: 130 students
I would imagine if more Asians attended El Toro the school would have a higher overall API score similar to that of Irvine High School. These trends can be seen in the San Gabriel valley as well where the higher Asian population has impacted their schools test scores and also their real estate prices.
That said, one could say that property prices in Irvine are overpriced. A significant number of those that are buying into the million dollar homes are foreigners that are either appreciative of the convenience (close proximity to Asian markets and stores), have bought into the idea that their kids will attend a better school in ISD, or are looking to capitalize on other foreigners.
Additionally Irvine has been able to attract foreigners with new home developments while Lake Forest has stood relatively still for a decade without any new neighborhoods developed. I do believe we'll see Baker Ranch become an interest to foreigners despite of the reported 7,000 that attended the open house "said to be largely whites". Until then the reason these are selling well is because they are attractive to the native Californians here.
wonder how much these could rent for... hmm.
I don't know why the discussion always falls into how well a student does...no one is saying that a kid will be a doctor if she goes to IUSD versus a janitor if she goes to Saddleback Valley.
For home buying purposes, the perception and reputation of a school district provide powerful incentives for potential buyers to buy, thus raising the value of one's home and buffering it against downturns. One of the key reasons why people want to buy homes in Irvine is because of the school district and one of the reasons why people may not want to buy at BR is because of the school district. You may disagree with the assessment or the view, but you cannot deny the effects on potential buyers.
Only people on this board have that perception that IUSD is better. Look at the average scores comparing schools they are not too different. I would never buy in Irvine for various reasons. Property values will go up in all locations. To me it appears that people who over pay in Irvine always try to convince other people that irvine is the best and to be honest it is not the best city to live in. I would rather Live in Newport Coast over spending = money in Irvine. I Know a lot of people who cant wait to get out of Irvine along with people who specifically choose to live in other cities.
But I disagree, that perception goes beyond TI. I don't know how many friends and relatives say to me "Oh... you live in Irvine, the schools are really good there right?".
Even the OC Reg rates the IUSD as one of the best school districts in the OC (although some claim they are paid by TIC to do so.
).
Really? It's just people here? Irvine is famous for the schools. Go looking MLS listings for Irvine properties, Irvine school district is one of the first things mentioned. Chinese/Korean agents put that at top of the listing.
But aside from perception, let's look at the "real scores"
Saddleback Valley Unified averages 867 on the API.
Irvine is at 924 and has the highest average API in Orange County.
http://lakeforest-ca.patch.com/grou...erformance-scores-dip-in-svusd-and-countywide
It gets even more drastic when you compare high school (which to me is the most important).
SVUSD high schools (2013 API)
El Toro High 839
Laguna Hills High 851
Mission Viejo High 858
Trabuco Hills High 858
IUSD
Irvine High 878
Northwood High 921
University High 913
Woodbridge High 877
The question isn't whether IUSD is better statstically (it clearly is). The question is whether your kid is going dramatically suffer as a result of being in SVUSD as opposed to IUSD. The answer is probably not since SVUSD is above average (average API for high schools is 744). So if a kid is relatively bright and the parents provide a good environment, the kid will be fine. Also, IUSD is a high stress academic environment. That may not suit everyone or every child. Just because school district has high API scores, it does not mean that it's best for your kid.
Property values will go up during a good economy but Irvine real estate prices were resilent during the recession and has bounced back like no others. FCBs didn't look to buy houses in Ladera Ranch or Foothill Ranch but focused in on Irvine like a laser. I can tell you that Irvine is not just known on this board or in Orange County, people outside of the US know about Irvine.
Of course there is that implication...it's perception and reputation. Whether you believe it or not, many people do. That leads to a large buyer pool and higher home prices.
When are we gonna go grab ATB???
irvinehomeowner
Well-known member
Still trying to wash out the smell from ATB on Valentine's Day.Troller_Simpson said:
Any good places in Johns Creek?
homer_simpson
Well-known member
irvinehomeowner said:
Just at Panda's home. text me when you wanna go.
bones said:SoCal said:bones said:
Just like Irvine.
Agreed. Except $1m homes are a dime a dozen in irvine. No so much in lake forest. I would never bet $1m in lake forest but that's just me
Plus I think you're quoting me without context. I believe this was in relation to Baker Ranch versus all the othercrapstuff in Lake Forest.
Not sure if you're familiar with the Monbury neighborhood of Lake Forest but there are homes there that do trade in the millions. And as someone else has pointed out the Lake neighborhoods of Lake Forest also do have homes in the millions as does Foothill Ranch. Granted there's not as many million dollar areas as there are in Irvine.
One would think that much of Irvine's ever increasing prices are highly due to the influx of the foreigners looking to buy there. The population of Irvine's Asian community has doubled from 40k to over 80k from 2000 to 2010, respectfully taking the Asian population from the 20's to the 40's percentile. Generally speaking most areas that are higher in Asian concentration have higher property prices. It could also be said the same for the higher school scores. For example, if comparing Irvine High School to El Toro High School (in Lake Forest):
Irvine High School API scores
Overall score: 877
Whites score: 868
Asians score: 918
EL Toro High School API scores
Overall score: 839
Whites score: 871
Asians score: 916
Fairly similar scores when comparing races at each school however the overall scores between the schools significantly vary. The reason being the population of the schools by race (who took the test) also significantly vary:
Irvine High School:
Whites: 373 students
Asians: 543 students
El Toro High School:
Whites: 1013 students
Asians: 130 students
I would imagine if more Asians attended El Toro the school would have a higher overall API score similar to that of Irvine High School. These trends can be seen in the San Gabriel valley as well where the higher Asian population has impacted their schools test scores and also their real estate prices.
That said, one could say that property prices in Irvine are overpriced. A significant number of those that are buying into the million dollar homes are foreigners that are either appreciative of the convenience (close proximity to Asian markets and stores), have bought into the idea that their kids will attend a better school in ISD, or are looking to capitalize on other foreigners.
Additionally Irvine has been able to attract foreigners with new home developments while Lake Forest has stood relatively still for a decade without any new neighborhoods developed. I do believe we'll see Baker Ranch become an interest to foreigners despite of the reported 7,000 that attended the open house "said to be largely whites". Until then the reason these are selling well is because they are attractive to the native Californians here.
homer_simpson
Well-known member
foreigners... lol... you white?
irvinehomeowner
Well-known member
Tex just statistically proved The Legend of the FCB.
J
jmoney74
Guest
Baker Ranch didn't sell all of it's phase 1s.. slow demand.. visible drive by for the jail.
My wife and I purchased in the first phase at BR and we plan to rent the property in 5-10 years. Lake Forest is a good neighborhood to purchase your first home. Also parents are responsible for how well a student does, not the school as proven by the notes above. Foreigners push to have their kids perform to the maximum when it comes to education as all parents should!!!
homer_simpson
Well-known member
Eric9610 said:
wonder how much these could rent for... hmm.
Irvinecommuter
New member
Eric9610 said:
I don't know why the discussion always falls into how well a student does...no one is saying that a kid will be a doctor if she goes to IUSD versus a janitor if she goes to Saddleback Valley.
For home buying purposes, the perception and reputation of a school district provide powerful incentives for potential buyers to buy, thus raising the value of one's home and buffering it against downturns. One of the key reasons why people want to buy homes in Irvine is because of the school district and one of the reasons why people may not want to buy at BR is because of the school district. You may disagree with the assessment or the view, but you cannot deny the effects on potential buyers.
Irvinecommuter said:
Only people on this board have that perception that IUSD is better. Look at the average scores comparing schools they are not too different. I would never buy in Irvine for various reasons. Property values will go up in all locations. To me it appears that people who over pay in Irvine always try to convince other people that irvine is the best and to be honest it is not the best city to live in. I would rather Live in Newport Coast over spending = money in Irvine. I Know a lot of people who cant wait to get out of Irvine along with people who specifically choose to live in other cities.
irvinehomeowner
Well-known member
Well... not all of us.Eric9610 said:
But I disagree, that perception goes beyond TI. I don't know how many friends and relatives say to me "Oh... you live in Irvine, the schools are really good there right?".
Even the OC Reg rates the IUSD as one of the best school districts in the OC (although some claim they are paid by TIC to do so.
).Irvinecommuter
New member
Eric9610 said:
Really? It's just people here? Irvine is famous for the schools. Go looking MLS listings for Irvine properties, Irvine school district is one of the first things mentioned. Chinese/Korean agents put that at top of the listing.
But aside from perception, let's look at the "real scores"
Saddleback Valley Unified averages 867 on the API.
Irvine is at 924 and has the highest average API in Orange County.
http://lakeforest-ca.patch.com/grou...erformance-scores-dip-in-svusd-and-countywide
It gets even more drastic when you compare high school (which to me is the most important).
SVUSD high schools (2013 API)
El Toro High 839
Laguna Hills High 851
Mission Viejo High 858
Trabuco Hills High 858
IUSD
Irvine High 878
Northwood High 921
University High 913
Woodbridge High 877
The question isn't whether IUSD is better statstically (it clearly is). The question is whether your kid is going dramatically suffer as a result of being in SVUSD as opposed to IUSD. The answer is probably not since SVUSD is above average (average API for high schools is 744). So if a kid is relatively bright and the parents provide a good environment, the kid will be fine. Also, IUSD is a high stress academic environment. That may not suit everyone or every child. Just because school district has high API scores, it does not mean that it's best for your kid.
Property values will go up during a good economy but Irvine real estate prices were resilent during the recession and has bounced back like no others. FCBs didn't look to buy houses in Ladera Ranch or Foothill Ranch but focused in on Irvine like a laser. I can tell you that Irvine is not just known on this board or in Orange County, people outside of the US know about Irvine.
Irvinecommuter
New member
qwerty said:
Of course there is that implication...it's perception and reputation. Whether you believe it or not, many people do. That leads to a large buyer pool and higher home prices.