Orchard Hills - Strada by Irvine Pacific
- Thread starter ps99472
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NEW -> Contingent Buyer Assistance Program
Fortunately I developed a pretty good relationship with the sales staff in the three communities that I have bought in Irvine over the years. They all pretty much said that only a handful fell out of escrow. That works out to maybe about 3-4%. Please do share where your 10-15% came from. A friend of a friend told me that maybe you are just hanging out in less desirable areas - he's the same source that you quoted so it must be true. Also let me know how you know that the Strada percentage is even higher than 15%. Maybe a new thread: "Posts with WTF facts".
Considering little real estate sales people say is remotely related to truth, that's what it's worth.
DrTravel shared verifiable facts. Yes, that's more valuable.
For them to tell you anything beyond a "handful" will weaken their position.
One of the best indicators is how many hit the MLS, but even then, I believe some builders are listing them on the MLS more quickly than before.
I think this speaks more to the overall availability of new homes, there weren't this many hoods before if I can recall my years in Irvine, at most... only 2-3 new villages would be for sale at one time but just from TIC alone there are at least 5 for sale right now.
So what does that mean if there are a lot of non-owner occupied homes? I know the obvious is renters.
Tons of Chinese nationals buying in your neighborhood... They are the only ones willing to shell out tons of money to buy homes that rent out cash flow negative... well I guess technically they are not cash flow negative since they likely paid 100% cash.
Right, maybe not cashflow negative, but definitely a negative rate of return completely speculating on appreciation.
pisa said:
Fortunately I developed a pretty good relationship with the sales staff in the three communities that I have bought in Irvine over the years. They all pretty much said that only a handful fell out of escrow. That works out to maybe about 3-4%. Please do share where your 10-15% came from. A friend of a friend told me that maybe you are just hanging out in less desirable areas - he's the same source that you quoted so it must be true. Also let me know how you know that the Strada percentage is even higher than 15%. Maybe a new thread: "Posts with WTF facts".
If u have reserved or in escrow or closed = can't get good info from staff
If u casual buyer walking in now and then = can't get good info from staff
Serious, qualified buyer + good relationship with staff = able to get real info from staff
As noted, info is from broker. Take it fwiw. Could be wrong and I don't care either way. But I think strada has slowed
If u casual buyer walking in now and then = can't get good info from staff
Serious, qualified buyer + good relationship with staff = able to get real info from staff
As noted, info is from broker. Take it fwiw. Could be wrong and I don't care either way. But I think strada has slowed
Perspective
Well-known member
pisa said:
Considering little real estate sales people say is remotely related to truth, that's what it's worth.
Perspective
Well-known member
pisa said:
DrTravel shared verifiable facts. Yes, that's more valuable.
irvinehomeowner
Well-known member
While I don't doubt your rapport with the sales people, unless they are your relatives, I don't think you can trust anything they say in regards of sales pace or escrow fallouts.DrTravel said:
For them to tell you anything beyond a "handful" will weaken their position.
One of the best indicators is how many hit the MLS, but even then, I believe some builders are listing them on the MLS more quickly than before.
I think this speaks more to the overall availability of new homes, there weren't this many hoods before if I can recall my years in Irvine, at most... only 2-3 new villages would be for sale at one time but just from TIC alone there are at least 5 for sale right now.
Perspective
Well-known member
Irvine or Bust
New member
Perspective said:
So what does that mean if there are a lot of non-owner occupied homes? I know the obvious is renters.
Irvine or Bust said:
Tons of Chinese nationals buying in your neighborhood... They are the only ones willing to shell out tons of money to buy homes that rent out cash flow negative... well I guess technically they are not cash flow negative since they likely paid 100% cash.
Perspective
Well-known member
hello said:
Right, maybe not cashflow negative, but definitely a negative rate of return completely speculating on appreciation.
sealionbeast
New member
About the pull the trigger on a Plan 3. To all the Strada owners out there, how do you like the neighborhood? Happy with your decision?