The Motor Court Company
Well-known member
3M for a cookie cutter North of 5, on flat terrain, this is crazy.
Newer Irvine listings with crazy WTF asking prices from equity sellers
- Thread starter usctrojancpa
- Start date
NEW -> Contingent Buyer Assistance Program
Contrary to what some of the other TI members post from time to time about Irvine prices going down, they have only gone up so far and I don't see the prices going down anytime soon as long as the Chinese cash keeps coming in.
For a non-view lot no less....NO VIEW = NO CARE AT THAT PRICE!
Even @CalBears96 has admitted many times that April 2022 was the peak for Irvine, and it's a mathematical fact that a simple S&P 500 ETF has returned 25% since then.
I believe @bones prefers renting over buying and this illustrates perfectly why. Somebody could pay $3 million cash for Eastwood and make nothing or invest $3 million in stocks, make $750k in profit and pay maybe $150k in rent over 21 months, netting $600k for their trouble.
irvinehomeowner
Well-known member
$5m for a new tract home... even with a view... is crazy.
Irvine buyers all got Covid and it's affecting their brain.
Irvine buyers all got Covid and it's affecting their brain.
B2FiNiTY
Active member
He'll be back when the time is right and said he was right all along.
Another crazy listing just sold today, the funny thing about this listing is that it was very poorly staged with exercise equipment blocking part of the entrance in the listing photos which would have caused a significant trip and fall risk at the showings and open houses!, LOL 
Not as crazy as the $3M+ ones in Easthood, but the staging is awful!
Contrary to what some of the other TI members post from time to time about Irvine prices going down, they have only gone up so far and I don't see the prices going down anytime soon as long as the Chinese cash keeps coming in.
sleepy5136
Well-known member
It gives me the motor court feels once you get out of the driveway
usctrojancpa
Well-known member
For a non-view lot no less....NO VIEW = NO CARE AT THAT PRICE!
B2FiNiTY
Active member
Yeah the staging is lulz
B2FiNiTY
Active member
Wow this takes the cake so far for 2024
Liar Loan
Well-known member
This is one of your more intelligent comments. Irvine is not generating any real returns and everybody is going gaga over these prices. Factor in the very real costs of ownership, and the returns are negative.According to his monkey line graphs, Eastwood residents are losing money, not making money. Those residents could have bought Nvida stock instead of buying an Eastwood home and 10x’d so they are losing money.
/S
Even @CalBears96 has admitted many times that April 2022 was the peak for Irvine, and it's a mathematical fact that a simple S&P 500 ETF has returned 25% since then.
I believe @bones prefers renting over buying and this illustrates perfectly why. Somebody could pay $3 million cash for Eastwood and make nothing or invest $3 million in stocks, make $750k in profit and pay maybe $150k in rent over 21 months, netting $600k for their trouble.
Liar Loan
Well-known member
The truth is there's just not a lot going on here. There are other more productive uses for my time.
TestingIrvine
Active member
Liar Loan
Well-known member
And yet your parents still bought you a home in Irvine. So not so obvious for them... or you.Thanks Captain Obvious for telling us that $3M in Eastwood is overpriced
stuartsitu
New member
No upgrade at all but the flippers wish to make $180k in two months?
I don't know if I ever said those exact words but I may have. Have written a lot of nonsense on this board over the years. I know it's blasphemy but I always treat my primary residence as an investment. I've entered and exited Irvine housing a bunch of times over the years. I currently own. Didn't buy the *perfect* house in the *perfect* neighborhood. But you don't need to... it's Irvine. Just look at CalBears.
irvinehomeowner
Well-known member
bones owns now? I can't keep track... need Motor Court's spreadsheet.
Seems like quite a few people feel this way... that's why pricing is stupid... even to me.
You just popped a vein in LL's forehead.
Seems like quite a few people feel this way... that's why pricing is stupid... even to me.
I think I re-entered at the last low. Got in sub 5. I hate to disappoint LL though! But don’t worry, this isn’t a forever home and I’m not going to wax poetic about a stucco box. Next time you ask me, I’ll prob be a renter again