reason_IHB
New member
Gary Fallis...ugh!
Laguna Crossing & Orchard Hills Postponed to 2009
- Thread starter irvine123_IHB
- Start date
NEW -> Contingent Buyer Assistance Program
<p>I'm in the "ABC generation" and bkshopr's level of accuracy in describing my friends, family and social circle is starting to scare me haha.</p>
<p><em>"This time around 15 years later the ABC (American born Chinese) shoppers are completely different from the earlier 1.5 generation. They are the <strong>Americanized off springs with very different view in education, social circle, and finance</strong>. I believe the 1.5 generation (parents of ABC) along with ABC’s grand parents will <strong>chip in a big chunk of cash</strong> down payment so ABC will only be borrowing $417k."</em></p>
<p>Unfortunately for us, we aren't going to get a big chunk of change (or any change) from parents/grandparents for the downpayment. But that just makes "pride in ownership" even more enjoyable when we buy in 2010 with 20% down at 28DTI. Sacrifice makes things sweeter in the end I guess.</p>
<p><em>"</em><em><strong>ABC would rather have a tiny cottage than living with their parents</strong>." </em></p>
<p>No kidding!</p>
<p><em>"The 1.5 generation will live and take care of their parent until their death. This high end home purchase will be the testimony to honor the grand parents who gave up everything for the future generations. The proximity must be close to the ABC cottage because ABC’s do not how to boil those wonderful soup made from secret recipe. <strong>ABCs have to join their parents for Chinese homemade meals from time to time</strong>."</em></p>
<p>I found it interesting that my parents are starting to vent about how much time/energy it takes them to take care of their parents. My grandparents live on their own and I see them about once a month. Maybe I'm more Americanized than I thought </p>
<p><em>"This time around 15 years later the ABC (American born Chinese) shoppers are completely different from the earlier 1.5 generation. They are the <strong>Americanized off springs with very different view in education, social circle, and finance</strong>. I believe the 1.5 generation (parents of ABC) along with ABC’s grand parents will <strong>chip in a big chunk of cash</strong> down payment so ABC will only be borrowing $417k."</em></p>
<p>Unfortunately for us, we aren't going to get a big chunk of change (or any change) from parents/grandparents for the downpayment. But that just makes "pride in ownership" even more enjoyable when we buy in 2010 with 20% down at 28DTI. Sacrifice makes things sweeter in the end I guess.</p>
<p><em>"</em><em><strong>ABC would rather have a tiny cottage than living with their parents</strong>." </em></p>
<p>No kidding!</p>
<p><em>"The 1.5 generation will live and take care of their parent until their death. This high end home purchase will be the testimony to honor the grand parents who gave up everything for the future generations. The proximity must be close to the ABC cottage because ABC’s do not how to boil those wonderful soup made from secret recipe. <strong>ABCs have to join their parents for Chinese homemade meals from time to time</strong>."</em></p>
<p>I found it interesting that my parents are starting to vent about how much time/energy it takes them to take care of their parents. My grandparents live on their own and I see them about once a month. Maybe I'm more Americanized than I thought </p>
Trooper_IHB
New member
What about us white and brown people ? Any products planned for us ?
reason_IHB
New member
<p>Trooper:</p>
<p>Hahaha! I keep hearing Koreans and Chinese in Irvine. What's up with that?</p>
<p>Hahaha! I keep hearing Koreans and Chinese in Irvine. What's up with that?</p>
<p>You crack me up Trooper. </p>
<p>I think the sad part to this whole 2nd generation is that they have a high sense of entitlement. They want the independence of the parents, but they know they cannot afford the same lifestyle they grew up in unless the parents help them out in a very big way, and even if they do achive it on their own, won't be able to obtain it until they get much older. </p>
<p><em>"The 1.5 generation will live and take care of their parent until their death. This high end home purchase will be the testimony to honor the grand parents who gave up everything for the future generations. The proximity must be close to the ABC cottage because ABC’s do not how to boil those wonderful soup made from secret recipe. <strong>ABCs have to join their parents for Chinese homemade meals from time to time</strong>."</em></p>
<p>I'm not too sure if all the purchases will be a testimony to their parents and grandparents, but it's a way for the parents to utilize their children to show off to others. It's a game of showoff really. And yes.. 2nd gen DO NOT know how to cook like their parents. They'd rather go out and eat than to take the time to learn, practice, and grow in the art of cooking. </p>
<p>I think the sad part to this whole 2nd generation is that they have a high sense of entitlement. They want the independence of the parents, but they know they cannot afford the same lifestyle they grew up in unless the parents help them out in a very big way, and even if they do achive it on their own, won't be able to obtain it until they get much older. </p>
<p><em>"The 1.5 generation will live and take care of their parent until their death. This high end home purchase will be the testimony to honor the grand parents who gave up everything for the future generations. The proximity must be close to the ABC cottage because ABC’s do not how to boil those wonderful soup made from secret recipe. <strong>ABCs have to join their parents for Chinese homemade meals from time to time</strong>."</em></p>
<p>I'm not too sure if all the purchases will be a testimony to their parents and grandparents, but it's a way for the parents to utilize their children to show off to others. It's a game of showoff really. And yes.. 2nd gen DO NOT know how to cook like their parents. They'd rather go out and eat than to take the time to learn, practice, and grow in the art of cooking. </p>
irvine123_IHB
New member
<p>BKSHOPR, </p>
<p>I have a curiously question (and I apologize to those who might get offended here). </p>
<p>With increasing asian population in Irvine ( a lot of them in Northpark, Quail HIll, and woodbury - I noticed some streets are 70 to 80% asians), does that increase or decrease future property value or it doesn't matter? I would suspect that a good portion of non-asians probably won't want to move into a neighbourhood / street that is 70 or 80% asians. </p>
<p>From "addressable market" standpoint of view, does that decrease your market size when it is resale time? </p>
<p> </p>
<p> </p>
<p>I have a curiously question (and I apologize to those who might get offended here). </p>
<p>With increasing asian population in Irvine ( a lot of them in Northpark, Quail HIll, and woodbury - I noticed some streets are 70 to 80% asians), does that increase or decrease future property value or it doesn't matter? I would suspect that a good portion of non-asians probably won't want to move into a neighbourhood / street that is 70 or 80% asians. </p>
<p>From "addressable market" standpoint of view, does that decrease your market size when it is resale time? </p>
<p> </p>
<p> </p>
J
Janet_IHB
Guest
I think he's working on the VOC answer!
reason_IHB
New member
<p>Bk:</p>
<p>I have heard, and I don't know if there's any validity to this. But before Irvine had alot of caucasians. As more Asians moved in. Most of these caucasian residents decided to move further south. I don't know if that's true. But I do remember back in the 80's when I attended Christ College (Concordia Univ.) for 1 yr. Irvine did have more caucasians than asians.</p>
<p>So where did all the caucasians go. If not south county. </p>
<p>I have heard, and I don't know if there's any validity to this. But before Irvine had alot of caucasians. As more Asians moved in. Most of these caucasian residents decided to move further south. I don't know if that's true. But I do remember back in the 80's when I attended Christ College (Concordia Univ.) for 1 yr. Irvine did have more caucasians than asians.</p>
<p>So where did all the caucasians go. If not south county. </p>
reason_IHB
New member
<p>cr*p.....on road.....battery shutting down....ciao!</p>
"<em>I'm not too sure if all the purchases will be a testimony to their parents and grandparents, but it's a way for the <strong>parents to utilize their children to show off to others</strong>. It's a game of showoff really. And yes.. 2nd gen DO NOT know how to cook like their parents. They'd rather go out and eat than to take the time to learn, practice, and grow in the art of cooking</em>."
I've seen a lot of that in the Asian community. 16yr olds who get brand new bimmers for their birthday presents and fat 6-digit downpayments courtesy of mom & dad. Maybe I'm just a bitter ABC-gen asian who had to work hard and save just like everyone else
I've seen a lot of that in the Asian community. 16yr olds who get brand new bimmers for their birthday presents and fat 6-digit downpayments courtesy of mom & dad. Maybe I'm just a bitter ABC-gen asian who had to work hard and save just like everyone else
bkshopr_IHB
New member
Wow! That is a loaded question. The last time I posted something similar to this the interaction among the members was very active until Zovall ended that thread. The new thread then went off the tangent like the original thread did. I am often the culprit at this.
Chinese are really good neighbors. They do not cause problem in the neighborhood and throw loud beer parties. Most Chinese neighbors never stay outside for long because they all hated the sun. The ancient Chinese secret in looking young is to avoid the sun. Their kids are too busy studying and rarely creating noise outside and not even in their own backyard. I like the idea of phantom neighbors. The children provide free musical entertainment at about 8pm. I hope you all like classical.
They rarely cause trouble because most of them are passive personality type. The entire race believes in solving issues without confrontation. They will never tell you that they hate you in front of your face. They drive highly rated consumer report cars so there is no oil leak and stain that one sees on driveway in other neighborhoods.
Many do not like camping and boating so you would never see a RV or a boat monstrosity parked with tail protruding on to the sidewalk. They rarely start any conversation so neighbors are not obligated to engage in any meaningless talk about the nice weather. They will always smile and wave at you. Neighbors will never lose much time socializing at the front yard (what front yard?).
Families are always peaceful because they learn to stuff away their emotion. Not much quarrel there so no worry regarding a police car showing up at their home for domestic violence. They do not curse or use WTF languages.
They do not BBQ much because they think BBQ causes canker sore. So do not worry about odor from the backyard BBQ.
I like them as neighbors.
I think I can tolerate the followings:
They are not very handy so neighbors do not need to worry about them changing the exterior and ruining their house. Occasionally they like to paint and that worries me. They like to leave their shoes outside regardless so burglar thinks that someone is always home. They also like to hang mirror above their front door pointing them at your house. They advertise for Fletcher Jones and Longo. Once a while they like to cook with shrimp paste and that can stink up the neighborhood fast. They would hire the cheapest landscape contractor to design build their front and rear yard and pretty soon glass block pilasters and crazy stone pattern ruining the curb appeal of the neighborhood.
Chinese culture and lifestyle are different from American, Their idiosyncrasy and contribution is what made Irvine such a cultural and successful place. Without them Irvine will not have become the world class city. Our technology, education, commerce, and housing would not have advanced and mature at record pace and the other Donald with the pink tie would be the wealthiest.
Having Chinese in the neighborhood is a very good sign. Have you see a ghetto with many Chinese neighbors. Americans are open minded and liberal. The issue of race should not interfere with home prices, comp and potential resale of a property. Chinese seldom declare BK or foreclosure on a home. Their moral and ethical value is high and they do drill their youngster to become high achievers and not be a burden in our society.
Caucasians demographic and population did not grow as fast as the Asian population since the 80’s. Many Caucasians sat on rich equity and move up to the Coast and into the hills where homes are priced highly. Their offspring is living elsewhere raising family due to the high cost of housing in Irvine. Caucasian parents are not as willing in contributing huge house down payments for their kids. Some like Irvine-native returned to his root. We encounter mostly Asians at the flat lands. The retails and restaurants draw a lot of traffic. Quail and TR have the wealthier Asian crowd with some CEO’s in Shady.
Chinese are really good neighbors. They do not cause problem in the neighborhood and throw loud beer parties. Most Chinese neighbors never stay outside for long because they all hated the sun. The ancient Chinese secret in looking young is to avoid the sun. Their kids are too busy studying and rarely creating noise outside and not even in their own backyard. I like the idea of phantom neighbors. The children provide free musical entertainment at about 8pm. I hope you all like classical.
They rarely cause trouble because most of them are passive personality type. The entire race believes in solving issues without confrontation. They will never tell you that they hate you in front of your face. They drive highly rated consumer report cars so there is no oil leak and stain that one sees on driveway in other neighborhoods.
Many do not like camping and boating so you would never see a RV or a boat monstrosity parked with tail protruding on to the sidewalk. They rarely start any conversation so neighbors are not obligated to engage in any meaningless talk about the nice weather. They will always smile and wave at you. Neighbors will never lose much time socializing at the front yard (what front yard?).
Families are always peaceful because they learn to stuff away their emotion. Not much quarrel there so no worry regarding a police car showing up at their home for domestic violence. They do not curse or use WTF languages.
They do not BBQ much because they think BBQ causes canker sore. So do not worry about odor from the backyard BBQ.
I like them as neighbors.
I think I can tolerate the followings:
They are not very handy so neighbors do not need to worry about them changing the exterior and ruining their house. Occasionally they like to paint and that worries me. They like to leave their shoes outside regardless so burglar thinks that someone is always home. They also like to hang mirror above their front door pointing them at your house. They advertise for Fletcher Jones and Longo. Once a while they like to cook with shrimp paste and that can stink up the neighborhood fast. They would hire the cheapest landscape contractor to design build their front and rear yard and pretty soon glass block pilasters and crazy stone pattern ruining the curb appeal of the neighborhood.
Chinese culture and lifestyle are different from American, Their idiosyncrasy and contribution is what made Irvine such a cultural and successful place. Without them Irvine will not have become the world class city. Our technology, education, commerce, and housing would not have advanced and mature at record pace and the other Donald with the pink tie would be the wealthiest.
Having Chinese in the neighborhood is a very good sign. Have you see a ghetto with many Chinese neighbors. Americans are open minded and liberal. The issue of race should not interfere with home prices, comp and potential resale of a property. Chinese seldom declare BK or foreclosure on a home. Their moral and ethical value is high and they do drill their youngster to become high achievers and not be a burden in our society.
Caucasians demographic and population did not grow as fast as the Asian population since the 80’s. Many Caucasians sat on rich equity and move up to the Coast and into the hills where homes are priced highly. Their offspring is living elsewhere raising family due to the high cost of housing in Irvine. Caucasian parents are not as willing in contributing huge house down payments for their kids. Some like Irvine-native returned to his root. We encounter mostly Asians at the flat lands. The retails and restaurants draw a lot of traffic. Quail and TR have the wealthier Asian crowd with some CEO’s in Shady.
irvine123_IHB
New member
"Once a while they like to cook with shrimp paste and that can stink up the neighborhood fast. They would hire the cheapest landscape contractor to design build their front and rear yard and pretty soon glass block pilasters and crazy stone pattern ruining the curb appeal of the neighborhood."
THIS IS SOOO TRUE!!! I CAN'T STAND THE SHRIMP PASTE SMELL AND GLASS BLOCK PILASTERS!
BKSHOPR, where did you learn all this? lol
THANKS!!
THIS IS SOOO TRUE!!! I CAN'T STAND THE SHRIMP PASTE SMELL AND GLASS BLOCK PILASTERS!
BKSHOPR, where did you learn all this? lol
THANKS!!
bkshopr_IHB
New member
<p>There was a great chef Joyce Chen who love to cook Chinese Foods. She was one of the first to inspired an engineer Mr. Yan Can Cook. You are definitely a bitter ABC and your preference of cooking is an indication of how you feel inside. I just have to ask are you in an interacial relationship? I study different culture and demographics so I can help to position a wide range array of products from the chair that you sit on,the shampoo that you use, and the roof over your head.</p>
bkshopr_IHB
New member
<p>Irvine 123,</p>
<p>Marketing research is a cut throat business. There is a lot of research and field observation. I spend much of my life studying and people and how they use and utilize their environment. Shrimp Paste and glass blocks came up in one of my studies in West Irvine. I often went the extra miles to understand people.</p>
<p>Designing envronment that can discourage crime is a big business. Burglars and thieves select very similar environments for their acts. Criminals prey their victims in very similar settings. Bad accidents often occurred at some dangerous intersections and so can crime in certain neighborhoods.</p>
<p>Marketing research is a cut throat business. There is a lot of research and field observation. I spend much of my life studying and people and how they use and utilize their environment. Shrimp Paste and glass blocks came up in one of my studies in West Irvine. I often went the extra miles to understand people.</p>
<p>Designing envronment that can discourage crime is a big business. Burglars and thieves select very similar environments for their acts. Criminals prey their victims in very similar settings. Bad accidents often occurred at some dangerous intersections and so can crime in certain neighborhoods.</p>
bishie_IHB
New member
bkshopr:
Your descriptions are spot on for the different generations of an asian family. I can definitely say the descriptions of the 1.5 generation and ABC are 100% correct. I was a little puzzled at some of the 20 something ABCs buying houses in the $1.2-1.4M range until I discovered that their parents were paying the down payments and they were taking in roommates to pay the mortgage payment.
The other Donald is a fool. He has underperformed the S&P 500 on the money he inherited from his father. The projects he is currently "working on" he has no money in. That said Irvine Company tends to compare Bren to Trump quite frequently for some reason. Bren values design and Trump values conspicuous consumption. Bren does have his own money at stake and is not gambling other people's money. I would much rather live in Shady Canyon than Trump Tower.
Trump's careful stewardship:http://www.forbes.com/feeds/ap/2007/08/17/ap4031290.html
Your descriptions are spot on for the different generations of an asian family. I can definitely say the descriptions of the 1.5 generation and ABC are 100% correct. I was a little puzzled at some of the 20 something ABCs buying houses in the $1.2-1.4M range until I discovered that their parents were paying the down payments and they were taking in roommates to pay the mortgage payment.
The other Donald is a fool. He has underperformed the S&P 500 on the money he inherited from his father. The projects he is currently "working on" he has no money in. That said Irvine Company tends to compare Bren to Trump quite frequently for some reason. Bren values design and Trump values conspicuous consumption. Bren does have his own money at stake and is not gambling other people's money. I would much rather live in Shady Canyon than Trump Tower.
Trump's careful stewardship:http://www.forbes.com/feeds/ap/2007/08/17/ap4031290.html
I guess I'm a bitter ABC because I don't have relatives who can just write me a $250k check for my down payment. However, I am very blessed with relatives who love me so no complaints there. Also, I never thought about my preference in cooking as an indication of my feelings inside. Maybe it is...I just prefer Mediterranean flavors that's all.
And no, I'm not in an interacial relationship. My SO and I are both ABC chinese. Perhaps you can suggest a product geared towards ABCs in their young professional careers (i.e. not making $300k/yr) to Bren & friends. Maybe by 2010 it'll be built and we can finally put down that hard earned downpayment
And no, I'm not in an interacial relationship. My SO and I are both ABC chinese. Perhaps you can suggest a product geared towards ABCs in their young professional careers (i.e. not making $300k/yr) to Bren & friends. Maybe by 2010 it'll be built and we can finally put down that hard earned downpayment
hyu1997_IHB
New member
<p>Lots of statements bkshopr has made about Chinese people are completely untrue and sterotyping. It does not match my geneariont, it does not match my parents generation. The staff like Asian does not like sports, no camping, no BBQ, driving slow, cooking smily food, no confrontation, I am just too lazy to talk agains him on by one. I am just saying, all these do not apply to me, to chinese friends, classmates I have contact with.</p>
<p>Many today's posts are about talking/analyzing chinese/asian people in Irvine, this blog is suppose to be about housing, not aisans. </p>
<p>I want to make one point about asian populatiion, without asian population in Irvine, Irvine will not have a such good school district, then all the house price in Irvine will drop 20-30% instantly. IUSD will be the same as school in Newport Beach, Costa Mesa etc or even worse. </p>
<p>The reason I say so, there is official analysis about the API (academic performance index), the API of school is not tid to house price in the city, medium income in the city, crime rate in the city etc. The only fact it is related to is asian population, the higher percentage of asian population, the better API school is. </p>
<p>This is not a laugh matter, somebody please dig up the official report. </p>
<p>IUSD is good, it is not because Bren's planning. Same is at Arcadia, Cuppertino. </p>
<p>By the way, when I say Asian, I do not mean only chinese, they include chinese, taiwanese, korean, japanese, indian ... (forgive me if I forget mention other countries). </p>
<p> </p>
<p> </p>
<p> </p>
<p>Many today's posts are about talking/analyzing chinese/asian people in Irvine, this blog is suppose to be about housing, not aisans. </p>
<p>I want to make one point about asian populatiion, without asian population in Irvine, Irvine will not have a such good school district, then all the house price in Irvine will drop 20-30% instantly. IUSD will be the same as school in Newport Beach, Costa Mesa etc or even worse. </p>
<p>The reason I say so, there is official analysis about the API (academic performance index), the API of school is not tid to house price in the city, medium income in the city, crime rate in the city etc. The only fact it is related to is asian population, the higher percentage of asian population, the better API school is. </p>
<p>This is not a laugh matter, somebody please dig up the official report. </p>
<p>IUSD is good, it is not because Bren's planning. Same is at Arcadia, Cuppertino. </p>
<p>By the way, when I say Asian, I do not mean only chinese, they include chinese, taiwanese, korean, japanese, indian ... (forgive me if I forget mention other countries). </p>
<p> </p>
<p> </p>
<p> </p>
hyu1997_IHB
New member
<p>I want to add vietnamese, they are extemely hardworking and great loyalty to this country and great sacrifice they have made for this countriy. They contribute to the greatness of Irvine education and local economy. </p>
<p>The slow driving of aged vietnamese mom and dad should not be a laugh matter, their poor writing and speaking of english should not be laugh matter. Think about the professionals the young kid of vietnamese has become to. </p>
<p>I am working in high tech industry, the young generation vietnamese engineers are very competitive, hard working and many of them has earned director and managers. Their parents should not be laughed at. </p>
<p>The slow driving of aged vietnamese mom and dad should not be a laugh matter, their poor writing and speaking of english should not be laugh matter. Think about the professionals the young kid of vietnamese has become to. </p>
<p>I am working in high tech industry, the young generation vietnamese engineers are very competitive, hard working and many of them has earned director and managers. Their parents should not be laughed at. </p>
irvine123_IHB
New member
hyu1997,
again...hyu..we are trying to understand / analyze the market force for the irvine real estate. Since Asians / Chinese are of such large % in Irvine, it is a natural subject. You might be differect, but market researcher care about the majority, since no product can make everyone happy. Asians on AVERAGE doesn't like sports, camping, BBQ AS MUCH AS white. I don't think this is sterotyping..it called a trend like it or not. The trend might change in 10 years, then we will have a new trend.
again...hyu..we are trying to understand / analyze the market force for the irvine real estate. Since Asians / Chinese are of such large % in Irvine, it is a natural subject. You might be differect, but market researcher care about the majority, since no product can make everyone happy. Asians on AVERAGE doesn't like sports, camping, BBQ AS MUCH AS white. I don't think this is sterotyping..it called a trend like it or not. The trend might change in 10 years, then we will have a new trend.
<p>hyu1997</p>
<p>What bkshopr has so far stated has many levels of truths, which might not apply in all cases for obvious reasons. Yes many of them have gone through hardships raising their children, and they should be commended for their sacrifices. I do not believe bkshopr has tried to belittle asians as sub-american, but rather pointed out the differences between asians and others. As a Korean myself, there are many levels of truths to what bkshopr has stated. Not all of them apply to me or my circle of people, and I doubt doubt all might apply to you or your circle of peeps as well. Read all and take it all in with a grain of salt my friend. </p>
<p><em>They do not BBQ much because they think BBQ causes canker sore. So do not worry about odor from the backyard BBQ.</em> </p>
<p>Bkshopr, this I have NEVER heard in my life. I even asked my family about this, and they have never heard this. Haven'tyou heard of Korean BBQ? </p>
<p>What bkshopr has so far stated has many levels of truths, which might not apply in all cases for obvious reasons. Yes many of them have gone through hardships raising their children, and they should be commended for their sacrifices. I do not believe bkshopr has tried to belittle asians as sub-american, but rather pointed out the differences between asians and others. As a Korean myself, there are many levels of truths to what bkshopr has stated. Not all of them apply to me or my circle of people, and I doubt doubt all might apply to you or your circle of peeps as well. Read all and take it all in with a grain of salt my friend. </p>
<p><em>They do not BBQ much because they think BBQ causes canker sore. So do not worry about odor from the backyard BBQ.</em> </p>
<p>Bkshopr, this I have NEVER heard in my life. I even asked my family about this, and they have never heard this. Haven'tyou heard of Korean BBQ? </p>