La Vita at Orchard Hills
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NEW -> Contingent Buyer Assistance Program
Makes me wonder, why are there so many people trying to sell if these are such great homes? Just trying to cash in, perhaps sensing a market top? Sudden change in life circumstance/need to move? Meant to be a high end "investment" and flip from the beginning?
~$100k price reduction
Plan 2 flooding the market. Another non-view plan 2 resale for a total of 5 plans 2 on the market (including model).
Does these people know how to time the market?
https://www.redfin.com/CA/Irvine/121-Sunset-Cv-92602/home/108356887
Does these people know how to time the market?
https://www.redfin.com/CA/Irvine/121-Sunset-Cv-92602/home/108356887
Irvine Dream
New member
Both 113 and 121 looks great. Hardwood floor color on 113 could have been more contemporary. Both backyards are awesome. It's a shame that the owners are not able to live in them longer and enjoy lifeParis said:
Irvine Dream said:
Makes me wonder, why are there so many people trying to sell if these are such great homes? Just trying to cash in, perhaps sensing a market top? Sudden change in life circumstance/need to move? Meant to be a high end "investment" and flip from the beginning?
Everyone is talking about why people are selling? Its obvious isnt it? Prices have run up significantly and its time to cash out.
When you can buy a house from a builder at a premium and then turn it around one year later and sell it for hundreds of thousands more, then you have to just stop for a second and consider as a buyer if you are going to be the knife catcher or bag holder...
The price inflation rate the last few years is not health and not sustainable...
I know most of you guys will probably disagree with my opinion. However in EVERY single asset bubble in the history of the world, there were end buyers who thought buying an overpriced asset was a good idea... Not saying this is a bubble, but it sure is getting frothy...
When you can buy a house from a builder at a premium and then turn it around one year later and sell it for hundreds of thousands more, then you have to just stop for a second and consider as a buyer if you are going to be the knife catcher or bag holder...
The price inflation rate the last few years is not health and not sustainable...
I know most of you guys will probably disagree with my opinion. However in EVERY single asset bubble in the history of the world, there were end buyers who thought buying an overpriced asset was a good idea... Not saying this is a bubble, but it sure is getting frothy...
Keep in mind, we are "only" back to the last peak pricing in 2007.
See: http://www.latimes.com/business/la-fi-qa-home-prices-20160713-snap-story.html
Key takeaway: The peak value in any given cycle has always exceeded the peak value in the previous cycle.
(We are just getting started)
See: http://www.latimes.com/business/la-fi-qa-home-prices-20160713-snap-story.html
Key takeaway: The peak value in any given cycle has always exceeded the peak value in the previous cycle.
(We are just getting started)
Ready2Downsize
Well-known member
Some areas will never recover their old highs just as some stocks never recovered after the 2000 bubble.
Did you think the OC is "only" at their previous peak? Guess u didn't read the entire article:
"The San Francisco Bay Area is now priced above its peak numbers of the last decade. Orange County, too"
I can tell you for a fact, my previous house sold for well over it's previous peak and the house that sold with furniture across the street from me at the peak (which I thought was a ridiculous price even with the furniture) sold for even more in 2013 allowing the previous bag holder to get out without a loss even paying commissions and closing costs and they kept the furniture.
If you think this is "only the beginning" you should leverage up and buy as many as you can immediately.
Did you think the OC is "only" at their previous peak? Guess u didn't read the entire article:
"The San Francisco Bay Area is now priced above its peak numbers of the last decade. Orange County, too"
I can tell you for a fact, my previous house sold for well over it's previous peak and the house that sold with furniture across the street from me at the peak (which I thought was a ridiculous price even with the furniture) sold for even more in 2013 allowing the previous bag holder to get out without a loss even paying commissions and closing costs and they kept the furniture.
If you think this is "only the beginning" you should leverage up and buy as many as you can immediately.
Ready2Downsize
Well-known member
We're sharing OPINIONS that are not fact.
There have been many bubbles that have never seen their old highs going back to the tulip bulbs.
It's not limited to obscure items either. You can buy something decent and still have an investment that doesn't see it's hold highs for a LONG time. Ask those who bought Cisco in June 1999 (over 17 years ago) how they're doing. They watched that stock more than double in price and if they are still holding they are STILL waiting to BREAK EVEN! Those who bought at the highs will have to wait for a double from here.... 16 years and waiting.
Qualcomm buy and holders from the late 90s are also still waiting to break even. The Fiber Optic plays which seemed so promising will most likely not see their old highs in my kid's lifetimes. A LONG time indeed.
I know of no bubble that formed in the same area a second time in a row tho. Bubbles pop in one area and form in another, most likely because the attempt at limiting the damage from one pop leads to excess in another area.
And yeah.................. prices most likely will go higher............... but u may not live to see it.
There have been many bubbles that have never seen their old highs going back to the tulip bulbs.
It's not limited to obscure items either. You can buy something decent and still have an investment that doesn't see it's hold highs for a LONG time. Ask those who bought Cisco in June 1999 (over 17 years ago) how they're doing. They watched that stock more than double in price and if they are still holding they are STILL waiting to BREAK EVEN! Those who bought at the highs will have to wait for a double from here.... 16 years and waiting.
Qualcomm buy and holders from the late 90s are also still waiting to break even. The Fiber Optic plays which seemed so promising will most likely not see their old highs in my kid's lifetimes. A LONG time indeed.
I know of no bubble that formed in the same area a second time in a row tho. Bubbles pop in one area and form in another, most likely because the attempt at limiting the damage from one pop leads to excess in another area.
And yeah.................. prices most likely will go higher............... but u may not live to see it.
Irvine or Bust
New member
irviniteeee said:
~$100k price reduction
I really like the hardscape on this one. Most people will tear out the builder installed concrete walkway and put in a stone, paver, etc. patio but this homeowner left the concrete builder walkway in the front courtyard and put pavers around it. The contrast is beautiful. And they probably saved a couple hundred bucks on pavers.Irvine or Bust said:
Larkfield12
New member
Really love the carpet downstairs on this $2.5M home...
I checked out both 113 and 121 Sunset Cove. The pool at 113 is about 2-3 feet from the edge of the house!!! that would be a deal breaker in my opinion. they've filled every inch of the yard with pool and built in seating/hardscape. too bad about the yard; there are some high end upgrades there though a bit too hard contemporary for my own taste (i'm sure there are those who would like that style though).
I know the agent for 121. the owners moved to Hidden Canyon.
I know the agent for 121. the owners moved to Hidden Canyon.