Orchard Hills - Strada by Irvine Pacific

NEW -> Contingent Buyer Assistance Program
I think you should just be happy if your home doesn't depreciate.

As long as you're not looking at short term, time heals all wounds (and bubble pops).
 
If you want to make quick profits trade the stock market, not the housing market. If you make 15-20% returns in a year u can actually take that money and do something with it. If you make 15-20% from your house in a year, I really can't do anything with it. You can sell but and buy an overpriced house like the one u just sold and your no better off. You can rent and try to wait for the price drop but good luck with that approach if u have a family.
 
thatOSguy said:
Irvine generally moves with the rest of the market; dreams of 6% return per year contemplates a sustained real estate upsurge across the region. We're too mature to expect anything close to that (absent another correction like we saw a few years ago).

Buy a house for some semblance of permanence, a nice tidy interest/property tax write off, some inflation protection, hedged housing costs. Maybe some day, you'll exit during an up-cycle and make money off your leveraged investment.

Outside of that, buying with the expectation of appreciation is a fool's errand and common knowledge of such actually signals the opposite outcome.
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Based on the article today listing Irvine being one of only 3 places Chinese FCBs are looking to buy in California, I'm going to bet that homes in Irvine will appreciate a lot more (at least double) than the "average".  Especially with TIC and 5 Points advertising heavily in China. 
 
??? said:
Apparently, the panoramic sliding doors cost an additional $60,000! What the... $$$
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If you going to spend $60k on a panoramic sliding door, the view must be worth it.

Wait a minute, its Strada, there's no view nor back yard.  WTF :o
 
$60k!?!  That can't be right... How big are these doors?

Even the ginormous 20 foot panel slider at Heights Baker Ranch was only $22k upgrade cost.
 
There is such a mark up by IP. I got quoted the same cost at Terrazza. When I was at Capella they said it would cost $9k the upgrade.
 
Phase 1B Pricing)

Plan 1) $1,040,000 (+$70,000, most likely due to lot premium)
Plan 2) $1,020,000 (no change)
Plan 2X) $1,055,000 (new, I think it's actually worth it)
Plan 3) $1,091,000 (+$11,000, due to waiting list?)
Plan 3X) $1,100,000 (ahh!)
 
i1 said:
Seems ok. I visited. Phase 3 release last weekend. 8 homes of which 4 have been sold and 4 still available. Not sure if these are still TUSD. I would've expected little faster sellouts since these are still the very early phases and prices aren't that bad.
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I've heard people were waiting for IUSD side, which is phase 7 and beyond.  This could be one of the reason for a slight slow down in current sales.  It will be interesting to see if the sales will pick up after phase 7, and weather or not IUSD really matter to majority of the home buyers.
 
I imagine 60k for sliding doors would be like in plan 4 La Vita where the whole wall is a sliding door that gets pushed into the side wall - those pocket wall doors
 
I went to visit this model earlier this week and it was okay to me.  Ceiling was pretty high considering the size.  Wife didn't like it and after I worked out the sqft price, I decided it was better to stick to the Groves side.  The only positive is that by next year, after 2 more phases, the houses will be in the Irvine School District.  Still can't believe how the school district lines are cut along a community like this.  Doesn't make any sense to go to Beckman when Northwood High is just 2 blocks down.
 
MFWIC said:
I went to visit this model earlier this week and it was okay to me.  Ceiling was pretty high considering the size.  Wife didn't like it and after I worked out the sqft price, I decided it was better to stick to the Groves side.  The only positive is that by next year, after 2 more phases, the houses will be in the Irvine School District.  Still can't believe how the school district lines are cut along a community like this.  Doesn't make any sense to go to Beckman when Northwood High is just 2 blocks down.
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Some people would prefer Beckman over Northwood.
 
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