Hugo Township
Active member
I think it's pretty dumb to be modeling US laws on Chinese restrictions.
Newer Irvine listings with crazy WTF asking prices from equity sellers
- Thread starter usctrojancpa
- Start date
NEW -> Contingent Buyer Assistance Program
I think it's pretty dumb to be modeling US laws on Chinese restrictions.
That would be something that would give foreigners the opportunity to buy RE in the US and not have it impact local housing for local citizens.
FYI Thailand is doing something similar as they banned foreign investors from buying RE there at one point. But they are now allowing foreigners to invest but it’s only on properties above 1m+
No, I believe in a free market and free trade. I think that government regulation often leads to unintended consequences. The power to tax is the power to destroy. We can agree to disagree.
www.redfin.com
After 2 months, raised price by $400k+, and went into escrow a month later
That's why I tell ALL of my new home buyers to stay away from model homes like the black plague, it's the surest way to be underwater after you close.
拎包入住
Means all you need to move in is to bring your bag/purse. Attractive for people with multiple properties or doesn't have the time to furnish a house.
I think it's pretty dumb to be modeling US laws on Chinese restrictions.
CalBears96
Well-known member
In normal circumstances, sure, but don't you agree that foreign investments in property shouldn't be allowed? The purpose of a home is to live in. So in this case, I would say that it's EXTREMELY dumb to NOT model after the Chinese restrictions.
Last edited:
sleepy5136
Well-known member
I think there can be a market for foreign buyers but the minimum price would need to be 5m+ and that number gets adjusted for inflation.
That would be something that would give foreigners the opportunity to buy RE in the US and not have it impact local housing for local citizens.
FYI Thailand is doing something similar as they banned foreign investors from buying RE there at one point. But they are now allowing foreigners to invest but it’s only on properties above 1m+
Hugo Township
Active member
No, I believe in a free market and free trade. I think that government regulation often leads to unintended consequences. The power to tax is the power to destroy. We can agree to disagree.
106 Fountain Frk, Irvine, CA 92602 - 5 beds/5.5 baths
(CRMLS) For Sale: 5 beds, 5.5 baths ∙ 6354 sq. ft. ∙ 106 Fountain Frk, Irvine, CA 92602 ∙ $6,300,000 ∙ MLS# OC23128042 ∙ Welcome to 106 fountain fork, a stunning single-family home in Irvine's highly sough...
After 2 months, raised price by $400k+, and went into escrow a month later
irviniteeee
Active member
Irvine Pacific is selling some of the model homes in OH. My jaw dropped at this Ravello price:
www.redfin.com
135 Prestigo #8, Irvine, CA 92602 - 4 beds/4.5 baths
(CRMLS) For Sale: 4 beds, 4.5 baths ∙ 3348 sq. ft. ∙ 135 Prestigo #8, Irvine, CA 92602 ∙ $5,059,854 ∙ MLS# NP23195231 ∙ BEAUTIFULLY FURNISHED AND LANDSCAPED PLAN 2 MODEL! Welcome to Ravello, an exceptional...
qwerty
Well-known member
I’m sure we all have stories like this but I remember looking at Laguna Altura back in 2012 and thinking it was overpriced. That was a bad decision not buying there. We bought in 2012 and we have had good appreciation but not like some of these Irvine tracts. That’s what I get for having fundamentalist views - with that said $5M for this, it 1500 sq ft seems crazy. I’m sure some rich FCB will buy at over asking while just bidding against themselves 
irvinehomeowner
Well-known member
Oh yeah... I panned Laguna Woktura big time (pun intended).
I'll bike through there occasionally and I still would not like to live there... but the insanity being paid for even the motorcourt drivewayless detached condos makes me want to go LL.
Fundamentals is an illusion.
I'll bike through there occasionally and I still would not like to live there... but the insanity being paid for even the motorcourt drivewayless detached condos makes me want to go LL.
Fundamentals is an illusion.
I remember when the orchard hills started selling Vita for around 1.5m and it seemed crazy someone would pay that to live in what seemed like a motorcourt...I’m sure we all have stories like this but I remember looking at Laguna Altura back in 2012 and thinking it was overpriced. That was a bad decision not buying there. We bought in 2012 and we have had good appreciation but not like some of these Irvine tracts. That’s what I get for having fundamentalist views - with that said $5M for this, it 1500 sq ft seems crazy. I’m sure some rich FCB will buy at over asking while just bidding against themselves
CalBears96
Well-known member
Supposedly, the Ravello model homes have great view, so this pricing is expected. The view lot premium is $2M.Irvine Pacific is selling some of the model homes in OH. My jaw dropped at this Ravello price:
135 Prestigo #8, Irvine, CA 92602 - 4 beds/4.5 baths
(CRMLS) For Sale: 4 beds, 4.5 baths ∙ 3348 sq. ft. ∙ 135 Prestigo #8, Irvine, CA 92602 ∙ $5,059,854 ∙ MLS# NP23195231 ∙ BEAUTIFULLY FURNISHED AND LANDSCAPED PLAN 2 MODEL! Welcome to Ravello, an exceptional...
Last edited:
someguy
Active member
Whoever pays that price can be confident they top ticked the housing marketIrvine Pacific is selling some of the model homes in OH. My jaw dropped at this Ravello price:
135 Prestigo #8, Irvine, CA 92602 - 4 beds/4.5 baths
(CRMLS) For Sale: 4 beds, 4.5 baths ∙ 3348 sq. ft. ∙ 135 Prestigo #8, Irvine, CA 92602 ∙ $5,059,854 ∙ MLS# NP23195231 ∙ BEAUTIFULLY FURNISHED AND LANDSCAPED PLAN 2 MODEL! Welcome to Ravello, an exceptional...
irviniteeee
Active member
I laughed at the backyard. It has one of those pools that's squeezed into an already small yard space...basically a pool to sit and rest your feet in.Supposedly, the Ravello model homes have great view, so this pricing is expected. The view lot premium is $2M.
The Motor Court Company
Well-known member
dont kick yourself. once you go 3 car wide garage you cannot go back.I’m sure we all have stories like this but I remember looking at Laguna Altura back in 2012 and thinking it was overpriced. That was a bad decision not buying there. We bought in 2012 and we have had good appreciation but not like some of these Irvine tracts. That’s what I get for having fundamentalist views - with that said $5M for this, it 1500 sq ft seems crazy. I’m sure some rich FCB will buy at over asking while just bidding against themselves
Liar Loan
Well-known member
That's very encouraging to hear.
CalBears96
Well-known member
Yeah, odd thing to put a pool in a small backyard.
usctrojancpa
Well-known member
That's why I tell ALL of my new home buyers to stay away from model homes like the black plague, it's the surest way to be underwater after you close.
irvinebullhousing
Well-known member
Base on my past observations of model homes purchases in Irvine, the group that stand out are “true”Fabulous Chinese Buyers. Why? Because, pretty much everything is done, including hard scrapes, landscaping, interiors decorated and completed and new never lived in. And are often used as vacation home. Therefore, will never ever subject to lease out as a rental on the market.
The Oppenheimer Group in Newport Beach are selling some crazy beautiful homes, cater to some of the FCB, Foreign Cash Buyers. They started a new office in Cabo San Lucas, for some of their clientele to buy beach homes in Mexico. When they are tired of Newport and Laguna, they go down to South. Damn, I can’t imagine.
The Oppenheimer Group in Newport Beach are selling some crazy beautiful homes, cater to some of the FCB, Foreign Cash Buyers. They started a new office in Cabo San Lucas, for some of their clientele to buy beach homes in Mexico. When they are tired of Newport and Laguna, they go down to South. Damn, I can’t imagine.
sgip
Well-known member
Out of area listing, and a recent $125k price INCREASE. See listing notes.....
www.zillow.com
668 Potomac Ct, San Jose, CA 95136 | Zillow
This 2743 square feet Single Family home has 6 bedrooms and 4 bathrooms. It is located at 668 Potomac Ct, San Jose, CA.
www.zillow.com
The Motor Court Company
Well-known member
what a bargain. it will be a money maker once the new buyer can resume the productionOut of area listing, and a recent $125k price INCREASE. See listing notes.....
668 Potomac Ct, San Jose, CA 95136 | Zillow
This 2743 square feet Single Family home has 6 bedrooms and 4 bathrooms. It is located at 668 Potomac Ct, San Jose, CA.
There is a term for it.
拎包入住
Means all you need to move in is to bring your bag/purse. Attractive for people with multiple properties or doesn't have the time to furnish a house.