usctrojancpa
Well-known member
Laguna Niguel is a very nice area as well. There are homes there that have ocean views and the best part is that there is no Mello Roos out there.mikeirvine said:
Need some advices for second House, Irvine or Laguna or Newport
- Thread starter mikeirvine
- Start date
NEW -> Contingent Buyer Assistance Program
Preserving purchasing power simply means "matching or beating inflation". Housing has proven to be an under-performing vehicle for accomplishing those goals over the past 100 years when compared to other vehicles, and that's only considering the "purchase price of the home", i.e - if you bought all cash. When you consider most people take out 80% LTV mortgages, the interest alone makes housing a loser, or at BEST, a forced savings vehicle. When you add property tax, HOA, and maintenance on top, it gets even worse.
Additionally the market is not in it's normal 1-3% above inflation mode, and even Irvine is declining YOY. Now you have an investment vehicle that is obviously a no-go, unless your name is test.
If the FED manages to create hyper inflation (which Bernanke won't because of too many deflationary elements in the economy), housing only tracks with inflation (forced savings), something test has failed to realize. In an inflationary market, rates on other investment vehicles will track with inflation as well (actually probably beating them since return rates tend to rise with inflation), but without all the holding cost of a home, something test has failed to realize.
Just sayin'.
IndieDev
New member
iheartdebt said:
Preserving purchasing power simply means "matching or beating inflation". Housing has proven to be an under-performing vehicle for accomplishing those goals over the past 100 years when compared to other vehicles, and that's only considering the "purchase price of the home", i.e - if you bought all cash. When you consider most people take out 80% LTV mortgages, the interest alone makes housing a loser, or at BEST, a forced savings vehicle. When you add property tax, HOA, and maintenance on top, it gets even worse.
Additionally the market is not in it's normal 1-3% above inflation mode, and even Irvine is declining YOY. Now you have an investment vehicle that is obviously a no-go, unless your name is test.
If the FED manages to create hyper inflation (which Bernanke won't because of too many deflationary elements in the economy), housing only tracks with inflation (forced savings), something test has failed to realize. In an inflationary market, rates on other investment vehicles will track with inflation as well (actually probably beating them since return rates tend to rise with inflation), but without all the holding cost of a home, something test has failed to realize.
Just sayin'.
roundcorners
New member
sorry guys... haven't been keeping up with all the Irvine Talk... but just in case you missed it, this is my song of the week driving around Woodbury... 
[youtube]http://www.youtube.com/watch?v=xJjE-UtqQdU[/youtube]
1. Little boxes on the hillside,
Little boxes made of ticky-tacky,
Little boxes, little boxes,
Little boxes, all the same.
There's a green one and a pink one
And a blue one and a yellow one
And they're all made out of ticky-tacky
And they all look just the same.
2. And the people in the houses
All go to the university,
And they all get put in boxes,
Little boxes, all the same.
And there's doctors and there's lawyers
And business executives,
And they're all made out of ticky-tacky
And they all look just the same.
3. And they all play on the golf-course,
And drink their Martini dry,
And they all have pretty children,
And the children go to school.
And the children go to summer camp
And then to the university,
And they all get put in boxes
And they all come out the same.
4. And the boys go into business,
And marry, and raise a family,
And they all get put in boxes,
Little boxes, all the same.
There's a green one and a pink one
And a blue one and a yellow one
And they're all made out of ticky-tacky
And they all look just the same.
[youtube]http://www.youtube.com/watch?v=S0ZyivxpTZY&playnext=1&list=PL50F1219833C79523&index=18[/youtube]
updated version I guess...
but seriously, I would get as close the ocean as possible, Laguna has the highest GRM, and without HOAs & Mello... You can also force appreciation with upgrades... but if you don't mind Property Managers, a little more risk, go East to the I.E., or even out of State, from the sound of things, you guys will probably never have to move into your rentals
[youtube]http://www.youtube.com/watch?v=xJjE-UtqQdU[/youtube]
1. Little boxes on the hillside,
Little boxes made of ticky-tacky,
Little boxes, little boxes,
Little boxes, all the same.
There's a green one and a pink one
And a blue one and a yellow one
And they're all made out of ticky-tacky
And they all look just the same.
2. And the people in the houses
All go to the university,
And they all get put in boxes,
Little boxes, all the same.
And there's doctors and there's lawyers
And business executives,
And they're all made out of ticky-tacky
And they all look just the same.
3. And they all play on the golf-course,
And drink their Martini dry,
And they all have pretty children,
And the children go to school.
And the children go to summer camp
And then to the university,
And they all get put in boxes
And they all come out the same.
4. And the boys go into business,
And marry, and raise a family,
And they all get put in boxes,
Little boxes, all the same.
There's a green one and a pink one
And a blue one and a yellow one
And they're all made out of ticky-tacky
And they all look just the same.
[youtube]http://www.youtube.com/watch?v=S0ZyivxpTZY&playnext=1&list=PL50F1219833C79523&index=18[/youtube]
updated version I guess...
but seriously, I would get as close the ocean as possible, Laguna has the highest GRM, and without HOAs & Mello... You can also force appreciation with upgrades... but if you don't mind Property Managers, a little more risk, go East to the I.E., or even out of State, from the sound of things, you guys will probably never have to move into your rentals
usctrojancpa
Well-known member
You are already married Panda...I'm the single guy who needs a sugarmama who can buy me an Irvine home.Panda said:mikeirvine said:
MikeIrvine, you are married to a SugarMaMMa who loves you.