Low inventory?

[socal78]

CZ, not sure what you mean it doesn't suit the pocket book. On the surface, it sounds like it's too expensive. However, due to the big picture, it sounds like you want more house and can afford more house but and if it were not for limited inventory / current market conditions, you would buy said house.

All of you guys, me included. We have to realize our kids will age out of the house by the time we're ready for our ultimate dream homes. ;-) It's like the old saying: How much money is enough? Just a little bit more. For some, the same goes for a home. People are never completely happy - always looking for a little more, a little more. When is enough enough?

My proposal is simple: let's be happy with what we have. Our kids will not care about the size of our garage, the layout, or who the builder was. Think back to your own childhood and if you cared about any of those things. Our happy memories are made of a lot more than that. There are things I wish I could change about the house I bought but I didn't have much choice with such limited selection and not wanting to become house-poor. I have no plans to move up even if there money burning a hole in my pocket. Buy a rental, sure, but I will make this my happy little home at least until I need to downsize for retirement. It doesn't have to be big to be cute or impressive. It has features I enjoy and that's good enough. More than that, I hate moving.  Any extra money that comes my way will be better spent in other areas. It may not be the nicest home of all my friends, but it certainly could be worse.

CZ, I don't care what size your house is. You will be my friend whether you're in a studio apartment or an estate. I prefer people who are financially wise over a squander-er and especially a poser. When I accept applications for new friends, I never look at their kid's test scores, what kind of car they drive, or their area code. I read some passing comment on here about 949 vs. 714. UNREAL!

 

[changm55]

higher prequal = SWAG!!!

I'm going to carry around my prequal letter and show my peeps!!

Oh yes, by all means
I am thinking of getting one done and framing it just to put an end to that kind of conversation!

When I run into you, remind me to show you!! I'm gonna carry it in my wallet! 

maybe they make those mini college diplomas they give u to put in ur wallet?... that truly is some hardcore swag man... i feel like... im seriously missing out... D:

 

[cubiczirconia]

higher prequal = SWAG!!!

I'm going to carry around my prequal letter and show my peeps!!

Oh yes, by all means
I am thinking of getting one done and framing it just to put an end to that kind of conversation!

When I run into you, remind me to show you!! I'm gonna carry it in my wallet! 

OK, I will carry my tonic with me tonight
BTW, I don't walk dogs. Just saying! Hope you didn't give "I know what you ate for lunch" smile to someone else.
Did you know, we work in the same neighborhood too? (based on your post in the rug discussion)

 

[irvinehomeowner]

Doesn't everyone use their prequal letter as their screensaver?

Just to show you how caught up in the bubble lenders were, our prequal now is 20% less than what it was back in 2005... but our income now is probably 80% more (and fully documented).

 

[cubiczirconia]

CZ, not sure what you mean it doesn't suit the pocket book. On the surface, it sounds like it's too expensive. However, due to the big picture, it sounds like you want more house and can afford more house but and if it were not for limited inventory / current market conditions, you would buy said house.

All of you guys, me included. We have to realize our kids will age out of the house by the time we're ready for our ultimate dream homes. ;-) It's like the old saying: How much money is enough? Just a little bit more. For some, the same goes for a home. People are never completely happy - always looking for a little more, a little more. When is enough enough?

My proposal is simple: let's be happy with what we have. Our kids will not care about the size of our garage, the layout, or who the builder was. Think back to your own childhood and if you cared about any of those things. Our happy memories are made of a lot more than that. There are things I wish I could change about the house I bought but I didn't have much choice with such limited selection and not wanting to become house-poor. I have no plans to move up even if there money burning a hole in my pocket. Buy a rental, sure, but I will make this my happy little home at least until I need to downsize for retirement. It doesn't have to be big to be cute or impressive. It has features I enjoy and that's good enough. More than that, I hate moving.  Any extra money that comes my way will be better spent in other areas. It may not be the nicest home of all my friends, but it certainly could be worse.

CZ, I don't care what size your house is. You will be my friend whether you're in a studio apartment or an estate. I prefer people who are financially wise over a squander-er and especially a poser. When I accept applications for new friends, I never look at their kid's test scores, what kind of car they drive, or their area code. I read some passing comment on here about 949 vs. 714. UNREAL!

Yes, it's the other way round- at this point, the mortgage hardly makes a dent in the paycheck. I think the extra-curriculars are the biggest expenses right now..

So I can give you my 714 home number? ;-)
Kids will be happy wherever they are. Those of us who had kids early will end up buying a bigger house when they start locking up themselves in their bedrooms, and don't visit the great rooms below. Same goes with a car I guess.. But on the plus side, we might have an untouched face at their graduation.. showing happiness like we mean it

 

[irvinehomeshopper]

CZ, I suggest keeping your home and rent it out. Use the address for the good local schools and buy yourself an old single story on a 1/3 acre lot in north Tustin. Your kids would still have the same friends and close proximity to your amenities. You would have a greater bargaining power when you are not trying to arm wrestle with FCBs with suitcaseful of cash.

My kid will be out soon and I then could focus on my dream home but then again I realized I am already living in it.

 

[cubiczirconia]

CZ, I suggest keeping your home and rent it out. Use the address for the good local schools and buy yourself an old single story on a 1/3 acre lot in north Tustin. Your kids would still have the same friends and close proximity to your amenities. You would have a greater bargaining power when you are not trying to arm wrestle with FCBs with suitcaseful of cash.

Mind reader!! I am open to West Irvine also.. but not going inside the 949.

 

[homer_simpson]

higher prequal = SWAG!!!

I'm going to carry around my prequal letter and show my peeps!!

Oh yes, by all means
I am thinking of getting one done and framing it just to put an end to that kind of conversation!

When I run into you, remind me to show you!! I'm gonna carry it in my wallet! 

OK, I will carry my tonic with me tonight
BTW, I don't walk dogs. Just saying! Hope you didn't give "I know what you ate for lunch" smile to someone else.
Did you know, we work in the same neighborhood too? (based on your post in the rug discussion)

Shall we carpool? 

 

[cubiczirconia]

higher prequal = SWAG!!!

I'm going to carry around my prequal letter and show my peeps!!

Oh yes, by all means
I am thinking of getting one done and framing it just to put an end to that kind of conversation!

When I run into you, remind me to show you!! I'm gonna carry it in my wallet! 

OK, I will carry my tonic with me tonight
BTW, I don't walk dogs. Just saying! Hope you didn't give "I know what you ate for lunch" smile to someone else.
Did you know, we work in the same neighborhood too? (based on your post in the rug discussion)

Shall we carpool? 

As long as I don't have to wake you up! I leave at 5.45!

 

[homer_simpson]

Doesn't everyone use their prequal letter as their screensaver?

Just to show you how caught up in the bubble lenders were, our prequal now is 20% less than what it was back in 2005... but our income now is probably 80% more (and fully documented).

Playing ball tomorrow?? I'll screen print it onto my basketball jersey for tomorrow!

Back reads FCB #168 and the front has the Mortgage Amount = 0, FCB baby!!

 

[homer_simpson]

higher prequal = SWAG!!!

I'm going to carry around my prequal letter and show my peeps!!

Oh yes, by all means
I am thinking of getting one done and framing it just to put an end to that kind of conversation!

When I run into you, remind me to show you!! I'm gonna carry it in my wallet! 

OK, I will carry my tonic with me tonight
BTW, I don't walk dogs. Just saying! Hope you didn't give "I know what you ate for lunch" smile to someone else.
Did you know, we work in the same neighborhood too? (based on your post in the rug discussion)

Shall we carpool? 

As long as I don't have to wake you up! I leave at 5.45!

ha! I'm at work by then already!

 

[changm55]

Doesn't everyone use their prequal letter as their screensaver?

Just to show you how caught up in the bubble lenders were, our prequal now is 20% less than what it was back in 2005... but our income now is probably 80% more (and fully documented).

Playing ball tomorrow?? I'll screen print it onto my basketball jersey for tomorrow!

Back reads FCB #168 and the front has the Mortgage Amount = 0, FCB baby!!

LOL DAS HARDCORE!! I LOSE!!

 

[irvinehomeowner]

We have to realize our kids will age out of the house by the time we're ready for our ultimate dream homes. ;-) It's like the old saying: How much money is enough? Just a little bit more. For some, the same goes for a home. People are never completely happy - always looking for a little more, a little more. When is enough enough?

My proposal is simple: let's be happy with what we have. Our kids will not care about the size of our garage, the layout, or who the builder was. Think back to your own childhood and if you cared about any of those things. Our happy memories are made of a lot more than that. There are things I wish I could change about the house I bought but I didn't have much choice with such limited selection and not wanting to become house-poor. I have no plans to move up even if there money burning a hole in my pocket. Buy a rental, sure, but I will make this my happy little home at least until I need to downsize for retirement. It doesn't have to be big to be cute or impressive. It has features I enjoy and that's good enough. More than that, I hate moving.  Any extra money that comes my way will be better spent in other areas. It may not be the nicest home of all my friends, but it certainly could be worse.

While this is true... there are some things you want that have nothing to do with size of home. We would be happy with the size of our current place (and floorplan) but in a different location... and a bigger backyard.

We both have large extended families and it would nice if we could entertain them with a large outdoor area making up for a small indoors... but in Irvine... large lots = 3CWG = driveway... ie... extinct or expensive.

 

[irvinehomeowner]

Yes... will be there tomorrow... let's try to team up again.

 

[homer_simpson]

Yes... will be there tomorrow... let's try to team up again.

let's!

 

[socal78]

So I can give you my 714 home number? ;-)
Kids will be happy wherever they are. Those of us who had kids early will end up buying a bigger house when they start locking up themselves in their bedrooms, and don't visit the great rooms below. Same goes with a car I guess.. But on the plus side, we might have an untouched face at their graduation.. showing happiness like we mean it

Absolutely, I'll still keep you in my contacts list if you're 714. There are more important things in life. My feelings for someone does not fluctuate depending on digits - area code, pay stub, weight in pounds, and all the other numbers discussed on TI daily. I think we are in the minority here since we both became parents at a younger age. We definitely have a different set of circumstances to consider. We will get a second childhood very soon!... and be young enough to enjoy it.

 

[cubiczirconia]

I think we are in the minority here since we both became parents at a younger age. We definitely have a different set of circumstances to consider. We will get a second childhood very soon!... and be young enough to enjoy it.

Hike up the Andes! There will be money, hopefully to travel around the world and kids will NOT move in with us.
More of a second youth!- I would rather not have the childhood, and listen to them parents again.

 

[The Motor Court Company]

I cannot see "move uppers" when the unemployment/under employed rate of college graduates are at all time high. It must suck for the new grads nowadays looking to buy a starter home and settle down without any major help from parents. For working people who has been quite established  with stable income, it is a great time to buy...

TIC pretty much sees this trend that's why they are building tons of apartments near 405 and super condensed starter homes in Irvine North.

So Cal and CZ have pretty clear vision on the issue. Low inventory is a combination of "Why should I move since I've got this great 3.50% rate?" and "Why should I sell when I'm only going to re-buy at a higher price?". I can't see moving down as an option because what's to move down to other than a rental? Where are those Temp homes to buy we're reading about? Rental monthly payments are getting closer to a house payment every day. IR said in the West Irvine area - 2000+ homes - there were only 3 listings. What will cause that market to shift quickly from "stay putters" to "mover uppers"? Not much that I can see.

Is there a compelling reason to sell and buy? I can see the sell and rent argument winning at this point which won't increase the transaction count by much.

 

[socal78]

I could probably sell my Irvine home and buy a larger home in Foothill Ranch for just a little bit more.

Prove it. Dooooo it. 

I'm tempted to say you guys would love it here but I realize how nose picky you are, so I can't commit to that. I'll just say I'm choosy and I really like it here.

Inventory here is tight! However, 3CWG in your price range is no prob, Bob.

 

[usctrojancpa]

higher prequal = SWAG!!!

I'm going to carry around my prequal letter and show my peeps!!

Oh yes, by all means
I am thinking of getting one done and framing it just to put an end to that kind of conversation!

When I run into you, remind me to show you!! I'm gonna carry it in my wallet! 

OK, I will carry my tonic with me tonight
BTW, I don't walk dogs. Just saying! Hope you didn't give "I know what you ate for lunch" smile to someone else.
Did you know, we work in the same neighborhood too? (based on your post in the rug discussion)

Shall we carpool? 

As long as I don't have to wake you up! I leave at 5.45!

ha! I'm at work by then already!

I barely get up that early when I want to do some day trading.  Are you guys on east coast time or something???