Money Magazine - Irvine is #4 on best places to live for 2008

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<a href="http://money.cnn.com/magazines/moneymag/bplive/2008/snapshots/PL0636770.html">http://money.cnn.com/magazines/moneymag/bplive/2008/snapshots/PL0636770.html</a>





WINNER

Top 100 rank: 4

Population: 193,900

Compare Irvine to Top 10 Best Places

Long before developers embraced the idea of mixed-use communities, there was Irvine. It was born in the 1960s, when the University of California commissioned architect William Pereira to design a new campus and town. Today, its population hovers around 200,000, yet it feels much smaller thanks to its tight-knit neighborhoods and more than 16,000 acres of green space.



Families say Irvine is pretty close to perfect. The school district has won national recognition for stellar test scores, innovative curriculums, year-round schedules and open-style classrooms. The university is the city's largest employer, but some two dozen companies, from Gateway to St. John's Knits, also call Irvine home.



A big drawback: the cost of housing. A typical three-bedroom, two-bath house can run about $700,000, says Cesi Pagano, a realtor with Keller Williams Realty. But prices in Irvine have held up better than those elsewhere in Orange County, and foreclosures aren't nearly as widespread.
 
I posted this under the "Headlines" thread, but this was on the OC Register...



http://www.ocregister.com/articles/irvine-new-cities-2090274-city-list



"Irvine among fastest-growing U.S. cities"

The city saw an influx of 8,204 new residents last year.



I wonder how this would affect prices for the years to come. Could this insulated Irvine a little from the overall downturn? Well, TIC certainly knows what they are doing by building all those apartment complexes. I wonder how many of these newcomers are going to just buy when they get here versus renting?



We all know that Irvine is in demand, how would these two articles reevaluate your timing and prediction of how low Irvine will drop?
 
[quote author="waiting_to_buy" date=1216080319]i think irvine used to be #2.</blockquote>


A year and a half ago I sold and moved from a home quite close to the current #2 listing. Money and career are huge motivators. *sigh*
 
Through out our history of housing recession, recovery effort in Irvine has been at the forefront compared to other communities due to the strategic effort of the TIC. No time was wasted during the down time in the preparation of smart products and entitlements while others have to build up the team from scratch and reinventing the cycle.



How much better will the products be compared to the current products? I think the design would be similar but the green effort and technology placed in the future homes will entice the move up buyers.
 
<span style="font-size: 15px;">25 top-earning towns

</span>



1. New Canaan, CT

2. Darien, CT



Whoo hooo,



<a href="http://money.cnn.com/galleries/2008/moneymag/0807/gallery.bplive_topearners.moneymag/index.html">Connecticut !</a>



and in case you click on the link and are wondering about that cool <a href="http://philipjohnsonglasshouse.org/">glass house</a>, it's a <a href="http://www.thirteen.org/nyvoices/features/glasshouse.html">Phillip Johnson.</a>
 
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