Irvine recession proof, but Newport at risk?

NEW -> Contingent Buyer Assistance Program
[quote author="bkshopr" date=1224565730][quote author="cl1" date=1224564805]All the open houses in Irvine that I go to most everyone else are also Asian, is that your experience too?



I looked at API scores breakdown by school by student races, the number of Asians are all over 50% and increasing every year, consistent with house buying trend.



There maybe an equilibrium, but could be 70-80% Asian in Irvine eventually.</blockquote>


Irvine needs an El Monte adjacency and better public transportation inorder for Asian population to flourish. </blockquote>


I hope the triads/snakeheads aren't tempted by those big inexpensive houses in VOC for conversion into dorms for undocumented restaurant workers.



We don't like the term "El Monte", we prefer "South Arcadia."
 
[quote author="awgee" date=1224572083]Besides being intelligent and only opening his trap when he knows of what he speaks, bkshpr also has a lot of class. Someone to learn from.</blockquote>




Recent photo of Bkshopr:



<img src="http://fusionanomaly.net/kungfuhowdoyounot.jpg" alt="" />



"Shape clay into a vessel; it is the space within that vessel that gives it value. Place doors and windows in a dwelling; it is the openings that bring light within. Set spokes within a wheel; it is the emptiness within the rim that makes the spokes useful. Therefore, Grasshopper, be the space at the center. Be nothing, and you will be everything to others."



-- Master Bkshopr/Po
 
It?s difficult to generalize and unfair to paint with a broad brush.

Of course, there exists certain similarities and distinctions but what it comes down to is that people share different tastes, likes, and priorities.

My choice of house, clothes, and car is different than my neighbors, and that?s okay.
 
[quote author="cl1" date=1224627908][quote author="bkshopr" date=1224565730][quote author="cl1" date=1224564805]All the open houses in Irvine that I go to most everyone else are also Asian, is that your experience too?



I looked at API scores breakdown by school by student races, the number of Asians are all over 50% and increasing every year, consistent with house buying trend.



There maybe an equilibrium, but could be 70-80% Asian in Irvine eventually.</blockquote>


No, large Asian population is sustained by critical mass of Asian retail, markets, restaurants and bilingual services. So. County zoning and regulatory agencies are very difficult so fewer Asians have the expertise to overcome the developmental process. Mom and pop businesses are the success to a thriving Asian population as well as reasonable home prices for the poor Asian workers. Irvine needs an El Monte adjacency and better public transportation inorder for Asian population to flourish. There is not enough of poor Asians to service the upper middle class Asians in Irvine so population growth is controlled.</blockquote>


I agree with bkshopr that Irvine is unlikely to be a place for lower-income Asians, however I think there is enough upper-middle class Asians who will buy in Irvine to keep the % of Asians in Irvine gradually increasing for many years to come. Irvine is a choice destination for upper-middle class Asians in the LA-Orange county area and will continue to be so as test scores rise in schools with more and more Asian kids. Look at any school in Irvine and witness the increase of Asian students year after year. To say that the % of Asians in Irvine will stop increasing, you will need to come up with an argument of what will break this trend - what will make the number of Asian students stop increasing, or what will bring less Asian home shoppers to Irvine open houses.</blockquote>


The wealthy Asian friends/relatives I know don't live in Irvine, think of Newport Beach/Newport Coast/Chrystal Cove. Also Irvine has a lot of apartments so this theory that it's an unlikely place for lower-income Asians is not entirely accurate. University Park is a dump and so is El Camino Real. I wouldn't live there if the rent is free.
 
[quote author="graphrix" date=1224605360]Blah, all of you take BK way too seriously. Don't you know he is just some part time feng shui wanna be guru, who also sells his origami in Venice beach on the weekends? We have had some of the most credible posters of IHB prove he wouldn't know the difference between a condo and an SFR if there was a neon sign attached to it, that he gets his architectural knowledge from google searches that anyone here could do, and every poster here has at least one family member that doesn't support his knowledge of ethnic cultures. I mean... the dude admitted he has a Coach murse. How anyone who admits they have a murse can be taken seriously is beyond me.



You all need to chill out. Go buy a house in Irvine, get a HELOC and buy bimmer, some Chanel sunglasses, a Coach bag, an LV luggage collection, some D&G's tees, a couple of Hermes dresses, a Gucci belt, a few Zegna suits, and a Frank Muller watch just to prove him wrong, no matter what your ethnic background is. Now... stop posting so much, and get shopping.</blockquote>


You are unwise to flippantly question BK. Your tiger crane style is no match for his eagle claw.



<img src="http://blog.sparkymat.net/wp-content/uploads/2006/12/pai_mei.jpg" alt="" />



<object width="325" height="250"><embed src="http://www.youtube.com/v/youtube" type="application/x-shockwave-flash" width="325" height="250"></embed></object>
 
[quote author="WestparkRenter" date=1224633858]



The wealthy Asian friends/relatives I know don't live in Irvine, think of Newport Beach/Newport Coast/Chrystal Cove. Also Irvine has a lot of apartments so this theory that it's an unlikely place for lower-income Asians is not entirely accurate. University Park is a dump and so is El Camino Real. I wouldn't live there if the rent is free.</blockquote>




Dumps? compared to turtle whatever, I guess...



but it still takes well above the median wage to afford to buy (and even rent) in these locales. Unless by "lower-income" you meant 50th-90th percentile?
 
those two villages aren't shiny and new but hardly a dump. and still a paradise compared to places in san gabriel valley that bk is refering. by lower-income asians, bk is referring to the immigrant workers who are the cooks, busboys, delivery men, and day laborers for asian businesses. a barely min wage job stocking shelves at 99 ranch is not going to pay for $2000/mo IAC housing.



there are places in san gabriel and monterrey park where you can hire cheap chinese housekeepers and maids. think of the mexican day laborers gathered outside a home depot waiting for a job, except you have middle-aged chinese women! you can hire one of these live-in housekeepers for $1000/mo... unless you tell them you live in OC -- suddenly the price jumps up.
 
[quote author="acpme" date=1224638546][quote author="WestparkRenter" date=1224633858]

No, large Asian population is sustained by critical mass of Asian retail, markets, restaurants and bilingual services. So. County zoning and regulatory agencies are very difficult so fewer Asians have the expertise to overcome the developmental process. Mom and pop businesses are the success to a thriving Asian population as well as reasonable home prices for the poor Asian workers. Irvine needs an El Monte adjacency and better public transportation inorder for Asian population to flourish. There is not enough of poor Asians to service the upper middle class Asians in Irvine so population growth is controlled.</blockquote>


I agree with bkshopr that Irvine is unlikely to be a place for lower-income Asians, however I think there is enough upper-middle class Asians who will buy in Irvine to keep the % of Asians in Irvine gradually increasing for many years to come. Irvine is a choice destination for upper-middle class Asians in the LA-Orange county area and will continue to be so as test scores rise in schools with more and more Asian kids. Look at any school in Irvine and witness the increase of Asian students year after year. To say that the % of Asians in Irvine will stop increasing, you will need to come up with an argument of what will break this trend - what will make the number of Asian students stop increasing, or what will bring less Asian home shoppers to Irvine open houses.</blockquote>


The wealthy Asian friends/relatives I know don't live in Irvine, think of Newport Beach/Newport Coast/Chrystal Cove. Also Irvine has a lot of apartments so this theory that it's an unlikely place for lower-income Asians is not entirely accurate. University Park is a dump and so is El Camino Real. I wouldn't live there if the rent is free.</blockquote>


those two villages aren't shiny and new but hardly a dump. and still a paradise compared to places in san gabriel valley that bk is refering. by lower-income asians, bk is referring to the immigrant workers who are the cooks, busboys, delivery men, and day laborers for asian businesses. a barely min wage job stocking shelves at 99 ranch is not going to pay for $2000/mo IAC housing.



there are places in san gabriel and monterrey park where you can hire cheap chinese housekeepers and maids. think of the mexican day laborers gathered outside a home depot waiting for a job, except you have middle-aged chinese women! you can hire one of these live-in housekeepers for $1000/mo... unless you tell them you live in OC -- suddenly the price jumps up.</blockquote>
--------------------------End of Quote-----------------------------------



Yeah, I agree dump is relative. I also don't think a min wage job person has ever been able to afford a $2000 apartment by just him/herself. These people tend to pool money to live together. For example, in the 70s, I remember having friends that worked in engineering/accounting field(not minimum wage) that were sharing 6 people for 2BR/2B aparment in Fullerton/Anaheim area( not as posh as Irvine). BTW,these people now live in Crystal Cove, Newport Beach/Newport Coast.
 
[quote author="WestparkRenter" date=1224639844][quote author="acpme" date=1224638546][quote author="WestparkRenter" date=1224633858]

No, large Asian population is sustained by critical mass of Asian retail, markets, restaurants and bilingual services. So. County zoning and regulatory agencies are very difficult so fewer Asians have the expertise to overcome the developmental process. Mom and pop businesses are the success to a thriving Asian population as well as reasonable home prices for the poor Asian workers. Irvine needs an El Monte adjacency and better public transportation inorder for Asian population to flourish. There is not enough of poor Asians to service the upper middle class Asians in Irvine so population growth is controlled.</blockquote>


I agree with bkshopr that Irvine is unlikely to be a place for lower-income Asians, however I think there is enough upper-middle class Asians who will buy in Irvine to keep the % of Asians in Irvine gradually increasing for many years to come. Irvine is a choice destination for upper-middle class Asians in the LA-Orange county area and will continue to be so as test scores rise in schools with more and more Asian kids. Look at any school in Irvine and witness the increase of Asian students year after year. To say that the % of Asians in Irvine will stop increasing, you will need to come up with an argument of what will break this trend - what will make the number of Asian students stop increasing, or what will bring less Asian home shoppers to Irvine open houses.</blockquote>


The wealthy Asian friends/relatives I know don't live in Irvine, think of Newport Beach/Newport Coast/Chrystal Cove. Also Irvine has a lot of apartments so this theory that it's an unlikely place for lower-income Asians is not entirely accurate. University Park is a dump and so is El Camino Real. I wouldn't live there if the rent is free.</blockquote>


those two villages aren't shiny and new but hardly a dump. and still a paradise compared to places in san gabriel valley that bk is refering. by lower-income asians, bk is referring to the immigrant workers who are the cooks, busboys, delivery men, and day laborers for asian businesses. a barely min wage job stocking shelves at 99 ranch is not going to pay for $2000/mo IAC housing.



there are places in san gabriel and monterrey park where you can hire cheap chinese housekeepers and maids. think of the mexican day laborers gathered outside a home depot waiting for a job, except you have middle-aged chinese women! you can hire one of these live-in housekeepers for $1000/mo... unless you tell them you live in OC -- suddenly the price jumps up.</blockquote>
--------------------------End of Quote-----------------------------------



Yeah, I agree dump is relative. I also don't think a min wage job person has ever been able to afford a $2000 apartment by just him/herself. These people tend to pool money to live together. For example, in the 70s, I remember having friends that worked in engineering/accounting field(not minimum wage) that were sharing 6 people for 2BR/2B aparment in Fullerton/Anaheim area( not as posh as Irvine). BTW,these people now live in Crystal Cove, Newport Beach/Newport Coast.</blockquote>


Acpme is right and took the words out of my mouth in explaining the immigrants workers that complete the caste system of a flourishing community. Asians and especially Chinese often have to drive far away from Irvine to eat authentic cuisine. Places of high concentration of Asian population good cuisine is 5-10 minutes drive from the front door. Rich Asians love good schools, bargain eateries, retails and Costco. Irvine lacks bargain eateries and retails therefore only the Wongs and Chos are living among the Joneses.



WPR the immigrant college students were the early pioneers of the technology fields. Some founded companies that are now publically traded. Many were forced to retired and sold their stocks for a good sum of money. They bought in the TIC upper tier enclaves and sip wine among the riches at fundraisers.
 
[quote author="WestparkRenter" date=1224575069][quote author="IrvineRenter" date=1224570411][quote author="bkshopr" date=1224564493]Asian homeowners are frugal.</blockquote>


Not from what I am seeing looking at the property records on a daily basis. I don't know the exact population breakdown of Irvine, but Asians are at least as well represented as HELOC abusing pretenders as their Caucasian counterparts. I would say at least half of the properties I view have Asian last names. Persian names make up about 20%, and Caucasian names make up about 30%.



Now I would grant the idea that those Asians that are frugal are much more frugal than their Caucasian counterparts. The savings rate among those who have savings is probably higher. Culturally this would seem to be true. However, the pressure to look rich and live beyond one's means is by no means limited to Caucasians. In fact, I would argue the Asian preoccupation with status probably eclipses their Caucasian counterparts in Irvine.</blockquote>


I think the Asians are frugal about the little things but when it comes to housing, they tend to throw caution out of a window, especially housing in Irvine. All under the pretext of "must find good school district for my children" otherwise they will become "nobody" in this society. Maybe Confucius said something about schooling. :-)</blockquote>


Most Asian homebuyers are too logical, pragmatic, and analytical. Many were born oversea where standard of housing was among the worst that their aesthetic standard is low. They value function over beauty and proportion. A house with a 3 car garage at the front with just a set of double doors to the side is an ideal Asian home. All driveways and no grass is even better for zero maintenance. Hardscape the entire backyard and foil all the windows for sun reflection is not only energy efficient but cost saving. Better yet wrap foil over the cook top, adjacent cabinets and back splash to keep grease splatter off surfaces. Leave the plastic wrap on new furniture for durability. Get rid of the fireplace and mantle and just use the top of TV to display family pictures and evergreen silk flowers.



Housing aesthetic includes artistic expression, emotional responses, and romantic imagery. Many Asians have no exposure to these thing and seldom place importance on these criteria when purchasing a home.



Housing is not their strength and yes they are gullible when purchasing a home. They can negotiate a Mercedes at a price of a Toyota but willing to take price abuse by a homebulder.
 
[quote author="bkshopr" date=1224650915]They can negotiate a Mercedes at a price of a Toyota but willing to take price abuse by a homebulder.</blockquote>
I'm new here... but is bk Asian?



Or has he just seen the inside of a lot of Asian households (foil in the kitchen is so very true)?
 
[quote author="irvine_home_owner" date=1224651287][quote author="bkshopr" date=1224650915]They can negotiate a Mercedes at a price of a Toyota but willing to take price abuse by a homebulder.</blockquote>
I'm new here... but is bk Asian?



Or has he just seen the inside of a lot of Asian households (foil in the kitchen is so very true)?</blockquote>


You owed me 25 cents. I just described my house.
 
[quote author="Astute Observer" date=1224633821]tenmagnet, you are not going to paint your house green/pink, are you?</blockquote>


Tenmagnet only needs a foyer and a bedroom. The red scarf over the bedside lamps cast a pink glow on to the wall without having to paint it.
 
[quote author="bkshopr" date=1224651879][quote author="Astute Observer" date=1224633821]tenmagnet, you are not going to paint your house green/pink, are you?</blockquote>


Tenmagnet only needs a foyer and a bedroom. The red scarf over the bedside lamps cast a pink glow on to the wall without having to paint it.</blockquote>


The residential fire sprinkler system in the bedroom helps cool things off when it gets hot!
 
[quote author="bkshopr" date=1224650915][quote author="WestparkRenter" date=1224575069][quote author="IrvineRenter" date=1224570411][quote author="bkshopr" date=1224564493]Asian homeowners are frugal.</blockquote>


Not from what I am seeing looking at the property records on a daily basis. I don't know the exact population breakdown of Irvine, but Asians are at least as well represented as HELOC abusing pretenders as their Caucasian counterparts. I would say at least half of the properties I view have Asian last names. Persian names make up about 20%, and Caucasian names make up about 30%.



Now I would grant the idea that those Asians that are frugal are much more frugal than their Caucasian counterparts. The savings rate among those who have savings is probably higher. Culturally this would seem to be true. However, the pressure to look rich and live beyond one's means is by no means limited to Caucasians. In fact, I would argue the Asian preoccupation with status probably eclipses their Caucasian counterparts in Irvine.</blockquote>


I think the Asians are frugal about the little things but when it comes to housing, they tend to throw caution out of a window, especially housing in Irvine. All under the pretext of "must find good school district for my children" otherwise they will become "nobody" in this society. Maybe Confucius said something about schooling. :-)</blockquote>


Most Asian homebuyers are too logical, pragmatic, and analytical. Many were born oversea where standard of housing was among the worst that their aesthetic standard is low. They value function over beauty and proportion. A house with a 3 car garage at the front with just a set of double doors to the side is an ideal Asian home. All driveways and no grass is even better for zero maintenance. Hardscape the entire backyard and foil all the windows for sun reflection is not only energy efficient but cost saving. Better yet wrap foil over the cook top, adjacent cabinets and back splash to keep grease splatter off surfaces. Leave the plastic wrap on new furniture for durability. Get rid of the fireplace and mantle and just use the top of TV to display family pictures and evergreen silk flowers.



Housing aesthetic includes artistic expression, emotional responses, and romantic imagery. Many Asians have no exposure to these thing and seldom place importance on these criteria when purchasing a home.



Housing is not their strength and yes they are gullible when purchasing a home. They can negotiate a Mercedes at a price of a Toyota but willing to take price abuse by a homebulder.</blockquote>
OMG, you must be Asian. So true!
 
[quote author="tenmagnet" date=1224653646][quote author="bkshopr" date=1224651879][quote author="Astute Observer" date=1224633821]tenmagnet, you are not going to paint your house green/pink, are you?</blockquote>


Tenmagnet only needs a foyer and a bedroom. The red scarf over the bedside lamps cast a pink glow on to the wall without having to paint it.</blockquote>


The residential fire sprinkler system in the bedroom helps cool things off when it gets hot!</blockquote>


No. The sprinkler head has a fusible link that your head accidentally banged against and set off when you stood on your mattress doing the crazy acrobatic tiger/crane move.
 
[quote author="graphrix" date=1224605360]Blah, all of you take BK way too seriously. Don't you know he is just some part time feng shui wanna be guru, who also sells his origami in Venice beach on the weekends? We have had some of the most credible posters of IHB prove he wouldn't know the difference between a condo and an SFR if there was a neon sign attached to it, that he gets his architectural knowledge from google searches that anyone here could do, and every poster here has at least one family member that doesn't support his knowledge of ethnic cultures. I mean... the dude admitted he has a Coach murse. How anyone who admits they have a murse can be taken seriously is beyond me.



You all need to chill out. Go buy a house in Irvine, get a HELOC and buy bimmer, some Chanel sunglasses, a Coach bag, an LV luggage collection, some D&G's tees, a couple of Hermes dresses, a Gucci belt, a few Zegna suits, and a Frank Muller watch just to prove him wrong, no matter what your ethnic background is. Now... stop posting so much, and get shopping.</blockquote>
Ah, Graph, are you jealous of BK.

OK, you're one of my favorite posters, too. :coolgrin:
 
If you don't like ZOLTAR (BKShopr) machine, we have others avail at IHB. Though I can't testify to their accuracy.



http://www.gameroomantiques.com/FortuneTeller.htm



<img src="http://www.charactersunlimitedinc.com/images/fortune_teller_kinga.jpg" alt="" />

<img src="http://www.charactersunlimitedinc.com/images/fortune_teller_moochie.jpg" alt="" />



<em>Consumer Protection Disclaimer: All fortunes are for entertainment purposes only. Fortunes are not experimentally proven, no guarantee or warranty is implied. If you're unhappy with the product you received, you may request a refund in writing. All refunds will be paid in $0.25 gift certificates (expiration date 10/20/2008), usable for purchasing "The Great Housing Bubble" book only. Not responsible if Sir Lancelot commits adultery with your spouse.</em>
 
[quote author="cl1" date=1224627908][quote author="bkshopr" date=1224565730][quote author="cl1" date=1224564805]All the open houses in Irvine that I go to most everyone else are also Asian, is that your experience too?



I looked at API scores breakdown by school by student races, the number of Asians are all over 50% and increasing every year, consistent with house buying trend.



There maybe an equilibrium, but could be 70-80% Asian in Irvine eventually.</blockquote>


No, large Asian population is sustained by critical mass of Asian retail, markets, restaurants and bilingual services. So. County zoning and regulatory agencies are very difficult so fewer Asians have the expertise to overcome the developmental process. Mom and pop businesses are the success to a thriving Asian population as well as reasonable home prices for the poor Asian workers. Irvine needs an El Monte adjacency and better public transportation inorder for Asian population to flourish. There is not enough of poor Asians to service the upper middle class Asians in Irvine so population growth is controlled.</blockquote>


I agree with bkshopr that Irvine is unlikely to be a place for lower-income Asians, however I think there is enough upper-middle class Asians who will buy in Irvine to keep the % of Asians in Irvine gradually increasing for many years to come. Irvine is a choice destination for upper-middle class Asians in the LA-Orange county area and will continue to be so as test scores rise in schools with more and more Asian kids. Look at any school in Irvine and witness the increase of Asian students year after year. To say that the % of Asians in Irvine will stop increasing, you will need to come up with an argument of what will break this trend - what will make the number of Asian students stop increasing, or what will bring less Asian home shoppers to Irvine open houses.</blockquote>


The current 2.0 and 2 X generation of kids attending Irvine schools are the children and grand children of the 1.5 Asian populations.



1.0 generation was the immigrant who came to America to seek a better opportunity for their kids (1.5 generation). They worked at sweat shops and restaurants. They are hoarders. This generation see China and other parts of Asia as prisons.



1.5 generation spent their childhood years in Asia but primarily educated in America. Most retained their culture but assimilated well to the American culture. They succeeded in college due to guilt imposed by their poor parents. They struggled initially in school and developed self taught discipline since their parents had no formal schooling. They are resourceful and entrepreneurial. Many were pioneers in technology companies. They have the drive to succeed but need to take care of their parents. They are frugal but do have one LV to keep up with the Wongs and Chos. They are the Berkeley/ UCLA generation only because of lower tuition.



2.0 generation has everything and spoiled. Their only mission in life is to do well in school. Good schools were chosen for them before they were born. They have academic and music tutors. They are showered with materialistic things by their successful 1.5 parents. They are dropped off next to the school curb every morning in fancy cars. They also eat authentic foods but can't read or say the name the dishes. They have some drive to succeed but they can always default to parents for financial help. They are shopaholics for brands and need a lot of it. They do not need to work before college graduation. Some will enter into an inter-racial relationship. The high achievers are the Ivy League generation while the low achievers are the Cal State generation.



2 x generations is far removed from their Asian culture. This is the banana and McDonalds generation: yellow on the outside and white inside. The academic emphasis of the earlier generation is lacking in the household. They attend Karate and Soccer programs. They are potential IVC students. IMO, Irvine school score will slip because of this generation. We will be seeing a decline in the test score in the near future in the Irvine schools. The older Irvine schools are slipping in the ranking status. This scenario may affect Asian population growth. They will not be the physicist from Berkeley or the David Ho who discovered AIDS. They have a greater interest in arts and music than their parents and grand parents. They are the Art institute or FIDM generation. This generation may see China and other parts of Asia as resort destinations.
 
You must log in or register to reply here.
Back
Top