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Lazy question, because it's probably been discussed here somewhere but is there going to be both an HMART and a 99 Ranch at the Diamond Plaza? I thought it was the 99 Ranch, then I read somewhere HMART was moving in; I had never heard of HMART but it seems like a good competitor and will provide even more foodie variety to the OC.
 
[quote author="PANDA DREAMING OF IRVINE" date=1211672856]

IPO, was it really necessary for you to broad cast on this blog that your household income is over $200k and that you have about $400,000 cash/equity for your $1M home purchase?</blockquote>


Its a housing blog. Why in the world would you think it *isn't* neccessary to post that when discussing what we want to buy?
 
I must be missing something. Why is everyone making this a blog so akin to AmericaPatrol.com? While I frankly think that bloggers with names such as "asianinvasion" or "Panda...this or that" have no room to complain given that their very log-on names seem to incorporate slang or derrogatory view points regarding certain demographics... It would be nice if we could do the following:



1. Concentrate on Housing;

2. Pay some level of attention to the time certain contributors have participated in this blog;

3. Lay off the "ALL CAPS" which is really getting on my nerves.

4. Lay off the Asian this, Asian that references... or the Hispanic this or that... etc.

5. Lay off the "one Irvine school is vastly superior to another Irvine school"

6. Accept that the Lakers suck and that I'm as sick of them as I am sick of the Yankees. Stop the band-wagon fan crap.



So where am I going with this? Whether you are a new participant or an old pro, stop stratifying this blog.



PS - I'm going to buy a house soon. I think we reached the bottom.
 
[quote author="25w100k+" date=1211678755][quote author="PANDA DREAMING OF IRVINE" date=1211672856]

IPO, was it really necessary for you to broad cast on this blog that your household income is over $200k and that you have about $400,000 cash/equity for your $1M home purchase?</blockquote>


Its a housing blog. Why in the world would you think it *isn't* neccessary to post that when discussing what we want to buy?</blockquote>




It isn't necessary because it's probably bs and if it is true, it's pathetic, trying to validate one's self worth to a handful of bloggers by revealing selective personal information.
 
[quote author="fumbling" date=1211677529]Lazy question, because it's probably been discussed here somewhere but is there going to be both an HMART and a 99 Ranch at the Diamond Plaza? I thought it was the 99 Ranch, then I read somewhere HMART was moving in; I had never heard of HMART but it seems like a good competitor and will provide even more foodie variety to the OC.</blockquote>


I think H Mart is Korean whereas 99 ranch is chinese. Either way, they both have that smell of exotic spices and rotting flesh
 
I had heard 99 Ranch was going to be a tenant, making it the 3rd 99 Ranch in Irvine, but then read HMART is going to be a tenant, so I'm wondering is HMART going in instead of 99 Ranch, or are both going in? If both, that would be a pretty interesting shopping experience.
 
[quote author="PANDA DREAMING OF IRVINE" date=1211672856]IPO, was it really necessary for you to broad cast on this blog that your household income is over $200k and that you have about $400,000 cash/equity for your $1M home purchase? Do you really think that's a lot of money?</blockquote>


Someone asked a specific question Panda Express and I gave a specific answer. There is no question of necessary or not... My household makes what it makes. I claim neither that it is a lot of money nor do I claim it is a small amount. My income is likely well below many on this blog and probably more than some. It is what it is and I don't particularly give a rat's a$$ what you think about it. Personally I'm not very curious about the financial situations of others as it relates to buying a home, but I don't fault those that seek such information...
 
[quote author="jcaraway" date=1211680165][quote author="25w100k+" date=1211678755][quote author="PANDA DREAMING OF IRVINE" date=1211672856]

IPO, was it really necessary for you to broad cast on this blog that your household income is over $200k and that you have about $400,000 cash/equity for your $1M home purchase?</blockquote>


Its a housing blog. Why in the world would you think it *isn't* neccessary to post that when discussing what we want to buy?</blockquote>




It isn't necessary because it's probably bs and if it is true, it's pathetic, trying to validate one's self worth to a handful of bloggers by revealing selective personal information.</blockquote>


Wow. I'm sorry, it must be really hard going through life being as insecure as you are.
 
[quote author="jcaraway" date=1211680165][quote author="25w100k+" date=1211678755][quote author="PANDA DREAMING OF IRVINE" date=1211672856]

IPO, was it really necessary for you to broad cast on this blog that your household income is over $200k and that you have about $400,000 cash/equity for your $1M home purchase?</blockquote>


Its a housing blog. Why in the world would you think it *isn't* neccessary to post that when discussing what we want to buy?</blockquote>


It isn't necessary because it's probably bs and if it is true, it's pathetic, trying to validate one's self worth to a handful of bloggers by revealing selective personal information.</blockquote>


jcar, do you really think $200K is a lot of money for two multi-degreed professional people with 10+ years experience each to make around here? Validate one's self worth, what a hoot! My household is friggin' middle class in Irvine... We drive mediocre cars, shop at Costco regularly, and dining out for us is Daphnes. I probably should have shame for making so little as compared to many/most I know, but I chose my path and have no regrets.
 
Hey that's fine if people want to defend those comments. I felt it was approaching a slippery slope. For me, I got a bit offended and that's my own opinion, I'm entitled to it.



That being said, I felt I needed to express myself instead of just sitting silent, since this is a place to contribute thoughts and ideas. And obviously people don't agree with me and think its a "knee jerk reaction". That's your opinion, and that is fine, but I think that if something was said about your culture that you didn't agree with, you'd speak up as well. Just my $.02



Enjoy your weekend, everyone!
 
My opinion - I see alot of tax returns every year, and over $200,000 annually is way more than most and way more than most who live in Irvine and buy homes in Irvine. Most folks who live more affluent lifestyles than Ipop are living on debt, or they have owned their homes for a long time.
 
[quote author="awgee" date=1211692024]My opinion - I see alot of tax returns every year, and over $200,000 annually is way more than most and way more than most who live in Irvine and buy homes in Irvine. Most folks who live more affluent lifestyles than Ipop are living on debt, or they have owned their homes for a long time.</blockquote>


I completely agree that most households do not earn 200K or more per year. The statistics make clear that these households are in the top 2-3% nationally. Sure, its not Bloomberg-like wealth, but its nothing to scoff at. Personally, I worked my tail off to get there, and probably had more dumb luck than hard work on top of it all... but I'm still proud of it... but its not like wealth makes you better than anyone else...



I also agree that most people living lavish life-styles cannot afford what they are doing... which is why the REO's are coming.
 
[quote author="GrewUpInIrvine" date=1211692932][quote author="awgee" date=1211692024]My opinion - I see alot of tax returns every year, and over $200,000 annually is way more than most and way more than most who live in Irvine and buy homes in Irvine. Most folks who live more affluent lifestyles than Ipop are living on debt, or they have owned their homes for a long time.</blockquote>


I completely agree that most households do not earn 200K or more per year. The statistics make clear that these households are in the top 2-3% nationally. Sure, its not Bloomberg-like wealth, but its nothing to scoff at. Personally, I worked my tail off to get there, and probably had more dumb luck than hard work on top of it all... but I'm still proud of it... but its not like wealth makes you better than anyone else...



I also agree that most people living lavish life-styles cannot afford what they are doing... which is why the REO's are coming.</blockquote>


I can only assume based on my experience that people earn a lot more money than people think. I live for the most part in a median home, 3/2 1600sf detached condo. Next door to the left, double wage earning couple, husband over $100K, probably $110-115K with bonus, wife at around $80K. I don't think either one of them even have advanced degrees, just bachelors. On the other side of me, single wage earner working for Volvo making a good north of $100K as well... In my condo complex of 164 units, I can think of at least 10-15 individuals likely making more than $100K per year. There are bound to be a bunch of people I don't even know that hit that level of comp. Some of the families we know that have moved on to larger homes had $100K+ individual earners as well.



Is this an aberration? My median-size home development is West Irvine (not exactly a super premium Irvine development) has at least over 3% of its earners making $100K+. Likely a few percent more than that. Many of the households of these wage earners are double income households as well... Do the highly compensated but frugal somehow flock to West Irvine? The notion seems absurb. If this is the case in my 1200-1600sf condo development , is it realistic to assume that all those families in much larger Northpark homes make the same or less. As a general rule, wouldn't it be much more likely that there were a greater number of $100K+ per year earners living there?!
 
[quote author="ipoplaya" date=1211682623][quote author="jcaraway" date=1211680165][quote author="25w100k+" date=1211678755][quote author="PANDA DREAMING OF IRVINE" date=1211672856]

IPO, was it really necessary for you to broad cast on this blog that your household income is over $200k and that you have about $400,000 cash/equity for your $1M home purchase?</blockquote>


Its a housing blog. Why in the world would you think it *isn't* neccessary to post that when discussing what we want to buy?</blockquote>


It isn't necessary because it's probably bs and if it is true, it's pathetic, trying to validate one's self worth to a handful of bloggers by revealing selective personal information.</blockquote>


jcar, do you really think $200K is a lot of money for two multi-degreed professional people with 10+ years experience each to make around here? Validate one's self worth, what a hoot! My household is friggin' middle class in Irvine... We drive mediocre cars, shop at Costco regularly, and dining out for us is Daphnes. I probably should have shame for making so little as compared to many/most I know, but I chose my path and have no regrets.</blockquote>


I could care less what Ipop makes, and I believe him when he states how much he does make. Personally, I think he is doing quite well, and he sure seems to be happy with his life, which is more important than how much money you have/make/lose or what not. Plus, whatever he makes, he adds a tremendous amount of value to the blog/forums, which is a hell of lot more than I can say for some of his critics.



I mean, asianMutation is a platinum level comeback. Has anyone seen what platinum is going for? See... value adding to the forums is worth more than any paper money you have.
 
[quote author="ipoplaya" date=1211695196]I can only assume based on my experience that people earn a lot more money than people think.</blockquote>


I agree with that perception. The TIC Orchard Hills demographic profile for 2006 (North of 5 freeway, east of Newport Ave and west of Jeffrey)



Total Population: 92,672

Median Age: 36.7

Average household income: $144,180

Median Household Income: $107,636

Avg. Home Value: $917,576



Expected Avg. Household income in 2011: $183,489



According to the TIC retail properties brochure, this data source: ESRI Business Information Solutions, 2006. The information contained herein has been obtained from sources we deem reliable. While we have no reason to doubt its accuracy, we do not guarantee it.



This information is provided to potential tenants of the Orchard Hills retail center.



if 15K (90K / 3 people = 30K / 2) households in irvine/tustin make more than 100K, is it not plausible that there are several thousand households that earn $200K+?
 
[quote author="Bubblegum" date=1211698002][quote author="ipoplaya" date=1211695196]I can only assume based on my experience that people earn a lot more money than people think.</blockquote>


I agree with that perception. The TIC Orchard Hills demographic profile for 2006 (North of 5 freeway, east of Newport Ave and west of Jeffrey)



Total Population: 92,672

Median Age: 36.7

Average household income: $144,180

Median Household Income: $107,636

Avg. Home Value: $917,576



Expected Avg. Household income in 2011: $183,489



According to the TIC retail properties brochure, this data source: ESRI Business Information Solutions, 2006. The information contained herein has been obtained from sources we deem reliable. While we have no reason to doubt its accuracy, we do not guarantee it.



This information is provided to potential tenants of the Orchard Hills retail center.



if 15K (90K / 3 people = 30K / 2) households in irvine/tustin make more than 100K, is it not plausible that there are several thousand households that earn $200K+?</blockquote>


BG - Don't believe everything you read. Some respected and well compensated analysts have done "studies" and made representations about the economic viability of Mello Roos bond issues in Talega, Newport Coast, Villages of Columbus, etc. If you find the Official Statements containing those studies and read them, you will lose five pounds from laughing so hard. Sometimes people will say what their corporate masters want them to say. The trick to determining the likely usefulness of the info is to look at the report and see who is allowed to rely on the representations.
 
[quote author="EvaLSeraphim" date=1211707241][quote author="Bubblegum" date=1211698002][quote author="ipoplaya" date=1211695196]I can only assume based on my experience that people earn a lot more money than people think.</blockquote>


I agree with that perception. The TIC Orchard Hills demographic profile for 2006 (North of 5 freeway, east of Newport Ave and west of Jeffrey)



Total Population: 92,672

Median Age: 36.7

Average household income: $144,180

Median Household Income: $107,636

Avg. Home Value: $917,576



Expected Avg. Household income in 2011: $183,489



According to the TIC retail properties brochure, this data source: ESRI Business Information Solutions, 2006. The information contained herein has been obtained from sources we deem reliable. While we have no reason to doubt its accuracy, we do not guarantee it.



This information is provided to potential tenants of the Orchard Hills retail center.



if 15K (90K / 3 people = 30K / 2) households in irvine/tustin make more than 100K, is it not plausible that there are several thousand households that earn $200K+?</blockquote>


BG - Don't believe everything you read. Some respected and well compensated analysts have done "studies" and made representations about the economic viability of Mello Roos bond issues in Talega, Newport Coast, Villages of Columbus, etc. If you find the Official Statements containing those studies and read them, you will lose five pounds from laughing so hard. Sometimes people will say what their corporate masters want them to say. The trick to determining the likely usefulness of the info is to look at the report and see who is allowed to rely on the representations.</blockquote>


We keep reading on this blog that the median Irvine income is $85,000, which would put the OH folk's income at 22% higher than the rest of Irvine, including TR, TR, SC, QH etc? Don't many OH residents live in the apartments? I am bit skeptical of the OH numbers.
 
Well, let's just use the latest census data from 2006:



Households with familes:



150-199K: 6,495

200K+: 7,478



This is out of 63,646 household w/ families.
 
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