New Homes coming to Woodbury in 2010

NEW -> Contingent Buyer Assistance Program
[quote author="PANDA" date=1250926838][quote author="irvine_home_owner" date=1250923715][quote author="PANDA" date=1250898418]

Actually, I was planning on getting married to a virgin (new construction) every two years, staying married with five wives for 10 years, and then divorcing (selling) 4 wives and keeping my favorite wife into retirement because Panda sucks at picking stocks.</blockquote>
The problem here, is how to afford the alimony.



In a bubble, it was easy, because you can use your first wife to marry your second... it's not going to be like that for a while... if ever.</blockquote>


IHO, i will have to try to marry the second without borrowing money from the first. If recession deepens and my business suffers it may take four years. Two years is just a goal i have set for myself to acquire a new property. In a more serious note, we all have decisions in what vehicle we drive to reach our retirement goals. Bondtrader is very good with stocks so that may be his vehicle for his retirement goals. I have chosen Irvine Real Estate to be mine. The second business I've been wanting to start is a property management company that focusing on SFRs and some industrial in Irvine. I would start by initially managing my own portfolio of properties.</blockquote>
The key to a successful property management company is economy of scale and that is the toughest thing to achieve.
 
[quote author="asianinvasian" date=1250912549][quote author="PANDA" date=1250898418]

Actually, I was planning on getting married to a virgin (new construction) every two years, staying married with five wives for 10 years, and then divorcing (selling) 4 wives and keeping my favorite wife into retirement because Panda sucks at picking stocks.</blockquote>


Hey, that's my plan! Let me know if you find a good rental management company.</blockquote>


First of all your plan is really bad when AI agrees with you. Second most new homes today could turn into a bloody mess.
 
[quote author="bkshopr" date=1250930093][quote author="asianinvasian" date=1250912549][quote author="PANDA" date=1250898418]

Actually, I was planning on getting married to a virgin (new construction) every two years, staying married with five wives for 10 years, and then divorcing (selling) 4 wives and keeping my favorite wife into retirement because Panda sucks at picking stocks.</blockquote>


Hey, that's my plan! Let me know if you find a good rental management company.</blockquote>


First of all your plan is really bad when AI agrees with you. Second most new homes today could turn into a bloody mess.</blockquote>


Ouch! AsianInvasion, are you going to take that from Bkshopr?
 
[quote author="PANDA" date=1250930818][quote author="bkshopr" date=1250930093][quote author="asianinvasian" date=1250912549][quote author="PANDA" date=1250898418]

Actually, I was planning on getting married to a virgin (new construction) every two years, staying married with five wives for 10 years, and then divorcing (selling) 4 wives and keeping my favorite wife into retirement because Panda sucks at picking stocks.</blockquote>


Hey, that's my plan! Let me know if you find a good rental management company.</blockquote>


First of all your plan is really bad when AI agrees with you. Second most new homes today could turn into a bloody mess.</blockquote>


Ouch! AsianInvasion, are you going to take that from Bkshopr?</blockquote>


BK is nothing but a bannana, just ignore him.
 
Hey Panda I wouldn't laugh if I were you.



AI calls me a banana and do you know he calls you?





<img src="http://4.bp.blogspot.com/_iSzsd2zNVXw/SSXLiSBLlWI/AAAAAAAAA4I/CVBLvpMlogk/s200/pandaexpress.jpg" alt="" />



We are both white on the inside and yellow on the outside.
 
Hahaha.. BK... how did you know I was cracking up after i read AI's comeback. Ooops.. wife is calling, gotta go.



<img src="http://churchfun.com/images/wp/banana.jpg" alt="" />
 
[quote author="graphrix" date=1250957403]The unemployment rate in the Orange County was 9.5 percent in July 2009, up from a revised

9.3 percent in June 2009, and above the year-ago estimate of 5.6 percent. This compares with

an unadjusted unemployment rate of 12.1 percent for California and 9.7 percent for the nation

during the same period.



Between June 2009 and July 2009, total nonfarm wage and salary employment declined from

1,424,400 to 1,416,500, a loss of 7,900 jobs.



? Government posted the largest month-over decrease with an overall loss of 6,400 jobs.

Federal employment added 300 jobs, while state government lost 1,800 jobs, largely due

to summer cutbacks in state government education. Local government declined by

4,900 jobs overall, with gains in county and city government being offset by a loss of

7,200 jobs in local government education due in part to employment cutbacks during the

summer recess.



? Educational and health services declined by 1,000 jobs with losses of 600 jobs in

educational services and 400 jobs in ambulatory health care services.



? Professional and business services reported an overall loss of 900 jobs. Scattered gains

and losses balanced out in professional, scientific and technical services. Management

of companies declined by 300 jobs and the administrative and support services sector,

which includes temporary help firms, lost 600 jobs.



? Leisure and hospitality expanded by 1,100 jobs overall as the employers continued

ramping up employment for the summer tourist season. Construction added 600 jobs

overall during the month, led by advances in specialty trade contractors.



Between July 2008 and July 2009, total nonfarm wage and salary employment declined by

68,000, or 4.6 percent.



? Trade, transportation, and utilities reported the largest year-over decrease with an

overall loss of 18,700 jobs. Over 51 percent of the decline was reported in retail trade

(down 9,600 jobs), 44 percent was in wholesale trade (down 8,200 jobs) and 5 percent

occurred in transportation, warehousing, and utilities (down 900 jobs).



? Construction payrolls declined by 13,100 jobs over the year. While cutbacks occurred in

every sector, 80 percent of the job losses were in the specialty trade contractors sector.



? <strong>Professional and business services posted a loss of 11,800 jobs</strong> with 57 percent of the

decline in administrative and support services, which includes temporary help firms.



We are now at a job level between 2002 and 2003. In other words, the job level we are at for July is less than 2003, but higher than 2002. Adjusting for population growth, then we are job levels that make the 90s look like good times. Even the health/education sector is <em>this</em> close to turning negative YOY. There isn't a single month in the 90s or the 00s recession that has ever happened.



Professional and business services (when 70% of the economy is based on consumer spending and the services that come with it, it shouldn't be a surprise when this number drops, even though CSUF predicted growth in this sector) is down to 2004 levels. Really it has been stagnant since 2000 now, but again adjusting for population growth it is even worse, and it probably makes the 90s look like good times.



This sucks, and this is the one thing I really wish I could have been wrong about. Because these numbers are now way worse than I had ever expected, and unfortunately it does not look like it is improving anytime soon. Remember... flat job growth is really negative job growth.</blockquote>


AI, After giving it more thought and reading graphrix's post, it is probably not a good idea to bite the bait for these first phase Woodbury homes. I do believe that the unemployment situation is going to get much worse here in OC and another 20% drop in Irvine is going to happen from now until August, 2012. Suppose we do get the smallest unit for $550,000 and we put 30% down of $165,000 for our respective homes. I am pretty sure that our $165,000 downpayment will be worth only $55,000 by August 2012. I don't know about you, but i will not be able to swallow that.
 
[quote author="PANDA" date=1251021238]

AI, After giving it more thought and reading graphrix's post, it is probably not a good idea to bite the bait for these first phase Woodbury homes. I do believe that the unemployment situation is going to get much worse here in OC and another 20% drop in Irvine is going to happen from now until August, 2012. Suppose we do get the smallest unit for $550,000 and we put 30% down of $165,000 for our respective homes. I am pretty sure that our $165,000 downpayment will be worth only $55,000 by August 2012. I don't know about you, but i will not be able to swallow that.</blockquote>


I agree. However, they pushed back the release of both Laguna Crossing and Orchard Hills to 2013. They may delay these as well.
 
Was out walking this morning, and I noticed that the earth movers and bulldozers are starting to move south of Regal in Woodbury, next to the Arbor affordable homes... which by the way are almost complete, I say another couple of months or so...
 
[quote author="PANDA" date=1251021238]

Suppose we do get the smallest unit for $550,000 and we put 30% down of $165,000 for our respective homes. I am pretty sure that our $165,000 downpayment will be worth only $55,000 by August 2012. I don't know about you, but i will not be able to swallow that.</blockquote>


Ivy at Woodbury east starts at $358k and peaks at $441k. Go for it Panda at these fantastic prices. :-)
 
For my daily installment of Bulldozer sightings in Woodbury...



Just right now... Bulldozer sighting on the empty lot on Hallmark and Great Lawn...



Bulldozer sightings in Woodbury are akin to Celebrity Sightings... I get all excited, and rush back home to tell you all!!!
 
I am simply amazed at how fast TIC is moving... in 4 short days, they have already graded the entire lot south of Regal and east of Rolling Green... looks like the sewer trenches are dug and the streets are being carved out...



<img src="http://farm3.static.flickr.com/2572/3864455417_5c5f419d3d_o.jpg" alt="" />



my son and I have been completely entertained on our morning walks this week? we?re amazed at the swiftness of the construction... he now gets excited from large tractor trucks, bulldozers, WB Waste-Management trash trucks (on trash days), tractors and back-hoes...



somehow though... he still gets more excited to see the face of a perfect stranger's smile... why? i hope this is normal...
 
[quote author="MojoJD" date=1251262501]You think that community pool is crowded <em>now</em>....</blockquote>


there have been many residents in woodbury who are unhappy about the new housing because it will be higher density than originally planned. they started a campaign to protest the change with TIC and the city. our hoa had been approached by the group but the board decided (rightly) that was a matter for individual residents to take up on their own.



nimbyism at its best. i think it's funny when ppl who lived in detached condos are horrified they're putting in more duplex townhomes. and the duplex townhome residents are up in arms when the duplexes turn into trip or quadplex.
 
[quote author="acpme" date=1251505594][quote author="MojoJD" date=1251262501]You think that community pool is crowded <em>now</em>....</blockquote>


there have been many residents in woodbury who are unhappy about the new housing because it will be higher density than originally planned. they started a campaign to protest the change with TIC and the city. our hoa had been approached by the group but the board decided (rightly) that was a matter for individual residents to take up on their own.



nimbyism at its best. i think it's funny when ppl who lived in detached condos are horrified they're putting in more duplex townhomes. and the duplex townhome residents are up in arms when the duplexes turn into trip or quadplex.</blockquote>


Thank you Mr. Don Draper.
 
[quote author="acpme" date=1251505594][quote author="MojoJD" date=1251262501]You think that community pool is crowded <em>now</em>....</blockquote>


there have been many residents in woodbury who are unhappy about the new housing because it will be higher density than originally planned. they started a campaign to protest the change with TIC and the city. our hoa had been approached by the group but the board decided (rightly) that was a matter for individual residents to take up on their own.



nimbyism at its best. i think it's funny when ppl who lived in detached condos are horrified they're putting in more duplex townhomes. and the duplex townhome residents are up in arms when the duplexes turn into trip or quadplex.</blockquote>


I don't live in woodbury, but if I bought a house in a planned neighborhood where I was led to believe one thing, but the city changed its zoning plans to high density housing, I wouldn't be very pleased. It's one thing if the master plan called for high density all along but another if you were misled.
 
[quote author="roundcorners" date=1251498744]I am simply amazed at how fast TIC is moving... in 4 short days, they have already graded the entire lot south of Regal and east of Rolling Green... looks like the sewer trenches are dug and the streets are being carved out...



<img src="http://farm3.static.flickr.com/2572/3864455417_5c5f419d3d_o.jpg" alt="" />



my son and I have been completely entertained on our morning walks this week? we?re amazed at the swiftness of the construction... he now gets excited from large tractor trucks, bulldozers, WB Waste-Management trash trucks (on trash days), tractors and back-hoes...



somehow though... he still gets more excited to see the face of a perfect stranger's smile... why? i hope this is normal...</blockquote>


That area you detailed in the map was the old CalPac Andalucia project. The model homes have been sitting for quite some time. Are they demolishing the model homes now? From my memory when I took a peek behind the fences last year, the streets were already laid out. Are they simply prepping the lots now? I would imagine it would be a very expensive to change from detached condo SFR to attached products with alley style garages. They would have to reconfigure whole streets.
 
sorry, they are working around the Andalucia homes... the park in front also looks untouched, everything else around it is being graded... I believe they are carving out the alley streets...
 
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