It is important to design products for what buyers could afford. (DO NOT TAKE POLL: POLL CLOSED)

NEW -> Contingent Buyer Assistance Program
[quote author="Shadax" date=1231998209]I'm in one of the lowest brackets, but then again, I'm probably one of the youngest here and I only got my MBA 6 months ago :D I'm comfortable with that... actually, I like learning from all the old pros here. That's actually what attracted me to the blog in the first place!</blockquote>


Not "old" pros just "experienced".
 
OMG!! You guys make so much money! I thought i would be worried about the FCBs but after seeing that pole, you guys are scaring me more than the FCBs.



For the four people on the IHB making more than $600k a year. Panda wants to ask, "What the heck do you do for a living (is it legal?) and can i be your friend?"



hehe. Just kidding.
 
[quote author="acpme" date=1231996628]with the 91 responses at the moment the poll is already statistically significant. the only flaw is whether we believe people are lying, although given that the poll was anonymous, i'm not sure why people would feel the need to lie.</blockquote>


People might not know it is anonymous. Since you can't see what the poll looks like until you answer, there is no way to know before hand. Even after you see that the poll results don't show the names, there still might be a way to find out who voted for what. Us regular users don't know if the admins can read the votes.
 
The survey is for family, not individual income.



I'm in the single income category and realized long ago, that I was in economic competition against people like my dentist friend and his pharmacist wife for homes here in Irvine.



If you're a single income family, you can't depend on a single paycheque to compete against others for housing on even basis. You need to build up multiple sources of income (i.e. side business, income property, etc).
 
[quote author="momopi" date=1232007807]The survey is for family, not individual income.



I'm in the single income category and realized long ago, that I was in economic competition against people like my dentist friend and his pharmacist wife for homes here in Irvine.



If you're a single income family, you can't depend on a single paycheque to compete against others for housing on even basis. You need to build up multiple sources of income (i.e. side business, income property, etc).</blockquote>


Stop eating out you will be among the 600k!
 
[quote author="SoCal78" date=1232003651]Bump my vote up one category. Today brought some very good news.</blockquote>


greater than 700K?
 
OK BK, this was fun. Now, let's start another poll.

If you live in Irvine, what car do you drive?

1) Acura

2) BMW

3) Mercedes

4) Infiniti

5) Porche

6) Jaguar

7) Lamborghini

8) Lotus

9) Ferrari

10) Hyundai - Genesis

11) American Wheels (Ford, GM, etc.)

12) None of above



We are creating our own version of "Latest Irvine Census figures" Let's see if we can find any statistically significance in this data :)
 
[quote author="SoCal78" date=1232003651]Bump my vote up one category. Today brought some very good news.</blockquote>


Bump mine up two. These are good times.
 
[quote author="PANDA" date=1232014273]OK BK, this was fun. Now, let's start another poll.

If you live in Irvine, what car do you drive?

1) Acura

2) BMW

3) Mercedes

4) Infiniti

5) Porche

6) Jaguar

7) Lamborghini

8) Lotus

9) Ferrari

10) Hyundai - Genesis

11) American Wheels (Ford, GM, etc.)

12) None of above



We are creating our own version of "Latest Irvine Census figures" Let's see if we can find any statistically significance in this data :)</blockquote>


Honda mini van, but I don't live in Irvine.
 
Don't live in Irvine, but I think I fit the demo. Honda Mini-Van here too. Panda is on his way to one of these babies if he likes it or not.
 
[quote author="no_vaseline" date=1231941790][quote author="No_Such_Reality" date=1231936011]



It's a bitter point that it seems to be a more readily accepted practice of new immigrant communities that come from more potentially corrupt political geographies. A similar issue has arisen in Greenfield, CA with the local police wanting to be culturally sensitive in the case of the resident that 'sold' his 14 year old daughter.</blockquote>


I don't know if I'd describe that as corrupt.

</blockquote>


Probably a bad choice of words, the corrupt comment was related to the tax evasion issues at play in other communities. The double standard and sensitivity boarding on mitigated acceptance is demostrated by the Greenfield issue.
 
[quote author="No_Such_Reality" date=1232023585][quote author="no_vaseline" date=1231941790][quote author="No_Such_Reality" date=1231936011]



It's a bitter point that it seems to be a more readily accepted practice of new immigrant communities that come from more potentially corrupt political geographies. A similar issue has arisen in Greenfield, CA with the local police wanting to be culturally sensitive in the case of the resident that 'sold' his 14 year old daughter.</blockquote>


I don't know if I'd describe that as corrupt.

</blockquote>


Probably a bad choice of words, the corrupt comment was related to the tax evasion issues at play in other communities. The double standard and sensitivity boarding on mitigated acceptance is demostrated by the Greenfield issue.</blockquote>


The pepole in Greenfield likely didn't have any idea they were breaking the law. If you knew a little about Greenfield and a little about farmworkers, it would not shock you, but you likely would still be outraged.



We take our standards of civility for granted in this country. When we abdicate the bottom wrung of work to folks like these particular group of Mexicans, this kind of shit is bound to happen from time to time. IMO we give up our right to bitch about it by accepting the cheap, plentiful, and safe fruits, produce, and meats we enjoy, but that's just me being bitter after a 16 hour stint between two jobs.
 
[quote author="skek" date=1231996679][quote author="bkshopr" date=1231992253]The average income indicated on this survey is certainly not that far off to qualifying the WTF pricings that the builders are asking for.</blockquote>


There are two variables here -- the price and the product. Either the price needs to drop on the existing product mix, or the builders need to offer better product at the same price point.



When we started looking to buy in 2005 (god, has it been <em>that</em> long?), it wasn't that we couldn't afford what we were looking at -- we could. The problem was that what the builders were offering was overpriced -- it wasn't appropriate for the price point. Everyone from the builder reps to our own realtor told us we were delusional (I still have the emails!). And in fact, every home we looked at in mid-2005 sold to someone else for those WTF prices. But we went with our gut, and our gut told us that the current prices were unsustainable. Well, we were right. The people buying were lying about their income and were deferring the real purchase price 3-5 years into the future through teaser rates and other mortgage sleight-of-hand. Those were never real market prices.



Someone mentioned in one of the threads (maybe this one) that finally, $100k is starting to <em>feel</em> like a good salary again. Well said. That is going to be end result of this deleveraging and deflation -- people will no longer be able to spend illusory money, and those who worked hard to make real salaries are going to finally see our buying power explode. And frankly, it's already starting to happen.</blockquote>


I pretty much had the same experience. At the height of the bubble in 2006, the realtor told me that 400K (for a one bedroom condo!) was considered "entry-level" and "you're not going to find anything cheaper." My literal gut response was "WTF?" These condos were nice but NOT 400K nice! The current apartment I live in, if sold at 2006 prices as a condo, could have sold for 450-500K. That's just insane!



These same (or equivalent) properties are now in the 250-300K range. Some people are still holding on the that 400K price point.
 
[quote author="T!m" date=1232002588][quote author="acpme" date=1231996628]with the 91 responses at the moment the poll is already statistically significant. the only flaw is whether we believe people are lying, although given that the poll was anonymous, i'm not sure why people would feel the need to lie.</blockquote>


People might not know it is anonymous. Since you can't see what the poll looks like until you answer, there is no way to know before hand. Even after you see that the poll results don't show the names, there still might be a way to find out who voted for what. Us regular users don't know if the admins can read the votes.</blockquote>


The software "knows" that you have voted so that it can make the poll read-only or not for your account. This means that your vote is in some way tied to your account in the forums database.



Do I think that Zovall has way better things to do than write a query against his own database to see how various IHBers voted in a particular poll? Yes, I'm pretty sure he does.



Oh, and I drive a Nissan.
 
You must log in or register to reply here.
Back
Top