EvaLSeraphim_IHB
New member
The prices are falling! My hubby received an e-mail today saying that their pricing has come down and now runs from the low $700s to the mid-$800s. It's probably still too high, but I thought you might like to know.
Paging IrvineSingleMom re: Paloma
- Thread starter EvaLSeraphim_IHB
- Start date
NEW -> Contingent Buyer Assistance Program
zuulemog_IHB
New member
<p>OJ Simpson "probably" committed murder.</p>
<p>Hilary Clinton "probably" will run for president.</p>
<p>The sun "probably" will rise in the east tomorrow.</p>
<p>Hilary Clinton "probably" will run for president.</p>
<p>The sun "probably" will rise in the east tomorrow.</p>
irvine_native_IHB
New member
IMO, it isn't the price that is the killer. It's the 1.8% tax/mello roos + HOA.
IrvineRenter_IHB
New member
I think the price is a killer too.
Fraychielle_IHB
New member
We're going to take a look at it over the weekend. Full report to follow.
irvine_native_IHB
New member
<pre>I looked at the papers they gave us yesterday. Recognizing that one can
negotiate at least $20K less, the exact figures (paloma development) were,
taking into account location :
2 bedroom (1723 sq.ft.): $779K to $809K; [org. price $824K]
3 bedroom (2320 sq.ft.): $819K to $862K: [org. price $859K to $952K]
4 bedroom (2530 sq.ft.): $830K to $880.5K. [org. price $889K to $987.5K]
There is a class distinction. The places on this side of Portola Parkway,
the east side, were all supposed to be $800K or higher. Across this main
street, one finds the cheaper, three story high cramped places.
Also, they gave us a sheet breaking down the mello roos tax. It has three
components. the smaller one runs for 14 years, the next two for 50 and 24
years.
They gave us a housing map for this town house development: 88 places, six
colored as sold. On another page they showed only 4 places sold. I suspect
six is the number now. I think that most of these 88 places are delayed in
building. The one section that clearly is being built has the six sold
places and twenty-three places not sold. </pre>
negotiate at least $20K less, the exact figures (paloma development) were,
taking into account location :
2 bedroom (1723 sq.ft.): $779K to $809K; [org. price $824K]
3 bedroom (2320 sq.ft.): $819K to $862K: [org. price $859K to $952K]
4 bedroom (2530 sq.ft.): $830K to $880.5K. [org. price $889K to $987.5K]
There is a class distinction. The places on this side of Portola Parkway,
the east side, were all supposed to be $800K or higher. Across this main
street, one finds the cheaper, three story high cramped places.
Also, they gave us a sheet breaking down the mello roos tax. It has three
components. the smaller one runs for 14 years, the next two for 50 and 24
years.
They gave us a housing map for this town house development: 88 places, six
colored as sold. On another page they showed only 4 places sold. I suspect
six is the number now. I think that most of these 88 places are delayed in
building. The one section that clearly is being built has the six sold
places and twenty-three places not sold. </pre>
irvinesinglemom_IHB
New member
Just one more reason for me to NOT buy a house yet - my opinion keeps changing! After posting this original post and doing some more thinking, I realized that the smallest floorplan (still wildly unaffordable for me) wouldn't work, as the second bedroom is directly adjacent to the living room and so would keep my son awake if I ever felt like watching tv or having friends over after he goes to bed.
I renewed my lease on my townhouse in Westpark; I'll sit tight another 12-15 months and then perhaps move into an apartment in Woodbury or PS unless prices really do become less stupid.
I renewed my lease on my townhouse in Westpark; I'll sit tight another 12-15 months and then perhaps move into an apartment in Woodbury or PS unless prices really do become less stupid.
Salina_IHB
New member
<p>Hi irvinesinglemom,</p>
<p>How are you? I signed in successfully. I looked at Woodbury also, but I like Quail Hill more. I found some private town homes in the Craigslist, and they run about $2100-2300 for 2 bedrooms. I looked at 2. They are nice, but I don't like the floor plans. I will keep on looking. The prices for private town homes and apartment homes are almost the same. So, I would prefer private town home. What do you think?</p>
<p>Happy Renter!</p>
<p> </p>
<p>How are you? I signed in successfully. I looked at Woodbury also, but I like Quail Hill more. I found some private town homes in the Craigslist, and they run about $2100-2300 for 2 bedrooms. I looked at 2. They are nice, but I don't like the floor plans. I will keep on looking. The prices for private town homes and apartment homes are almost the same. So, I would prefer private town home. What do you think?</p>
<p>Happy Renter!</p>
<p> </p>
jimmyzdc_IHB
New member
Hello everyone,
Long time lurker and first time poster. I just finally sold my house this weekend and getting ready to wait it out until prices drop. I have been looking in Irvine for a while and especially Portola Springs. My wife and I love the Las Colinas homes but I was a bit disappointed to hear on a post a couple threads back that TIC is restricting Taylor Woodrow to lower prices on their homes. Anyone know how Brookfield is able to lower their prices but not Taylor Woodrow even though they are in the same community?
Long time lurker and first time poster. I just finally sold my house this weekend and getting ready to wait it out until prices drop. I have been looking in Irvine for a while and especially Portola Springs. My wife and I love the Las Colinas homes but I was a bit disappointed to hear on a post a couple threads back that TIC is restricting Taylor Woodrow to lower prices on their homes. Anyone know how Brookfield is able to lower their prices but not Taylor Woodrow even though they are in the same community?
irvinesinglemom_IHB
New member
Hi Salina! The good thing about renting from the Irvine Apartment Community is the peace of mind you get; maintenance is top notch, staff is competent, and they're never going to foreclose and kick you out! The good thing about renting a private residence is that you get the benefits of less apartment-style living (although with housing density being what it is here in Irvine, it's almost the same! So personally, I'm ambivalent. Good luck in your search!
effenheimer_IHB
New member
I found that private condos compete reasonably well with IAC properties until you want a two car attached garage. Then private condos look like a bargain. Figure $1800-2000 for a private unit in Brio or Aventura versus $2400ish for an IAC prop.
Salina_IHB
New member
<p>Thank you Irvine single mom,</p>
<p>Private town home will be my priority. Yeah! you can stay in the apartment as long as you want while the private lease is usually 1 yr only. I used to stay in the apartment for a while. My daughter’s classmate laughed at her. But I think Irvine is different. The apartment homes look even nicer than the private ones. But the private ones have more space and more piracy. If I can’t find the private one, I will go for the apartment home with attached garage. I heard people complain about the noise in apartment. I have the following questions:</p>
<p>1. If I live in the first floor, can I hear the people to walk on the 2nd floor?</p>
<p>2. If my unit is on the top of other garages, is it very lousy when other people open the garages?</p>
<p></p>
<p>Private town home will be my priority. Yeah! you can stay in the apartment as long as you want while the private lease is usually 1 yr only. I used to stay in the apartment for a while. My daughter’s classmate laughed at her. But I think Irvine is different. The apartment homes look even nicer than the private ones. But the private ones have more space and more piracy. If I can’t find the private one, I will go for the apartment home with attached garage. I heard people complain about the noise in apartment. I have the following questions:</p>
<p>1. If I live in the first floor, can I hear the people to walk on the 2nd floor?</p>
<p>2. If my unit is on the top of other garages, is it very lousy when other people open the garages?</p>
<p></p>
irvinesinglemom_IHB
New member
Hi Salina,
I will never live in an "above" or "below" apartment again. Had enough of that in my 20s. I rent an IAC townhome. Two stories with a 1-car garage that is "almost" attached, in that I walk through a semi-private little courtyard about 5 paces to get to my front door from the inside door of my garage. It is VERY quiet in my neighborhood except sometimes the kids playing on the playground equipment (slides, climbers, etc.) that is in our shared backyard courtyard get kinda loud and boisterous. Having a kid myself now, that doesn't bug me like it used to.
I am quite content here, for now.
I will never live in an "above" or "below" apartment again. Had enough of that in my 20s. I rent an IAC townhome. Two stories with a 1-car garage that is "almost" attached, in that I walk through a semi-private little courtyard about 5 paces to get to my front door from the inside door of my garage. It is VERY quiet in my neighborhood except sometimes the kids playing on the playground equipment (slides, climbers, etc.) that is in our shared backyard courtyard get kinda loud and boisterous. Having a kid myself now, that doesn't bug me like it used to.
I am quite content here, for now.
detached_IHB
New member
<p>Be careful when renting from private parties, especially if they bought the property recently . I know of 3 different occasions within the past 12 months whereby a friend or colleague would have to find a new place to rent because the flippers wanted to sell. It really sucks having to move so soon.</p>
Salina_IHB
New member
<p>detached,</p>
<p>Thank you! I'm aware of it and I heard some terrible stories from the <a href="http://piggington.com/"><u>http://piggington.com/</u></a> also. I'm always very careful and ask the owner why they rent the houses out. Especially, Quail Hills is very new. Flippers usually are active in new area. </p>
<p>I saw one town home that was only couple years old and has been changed hands 3 times. But the owner said not flipping houses. He said it's because of job transfers. Anyway, I didn't like that one, so I did not ask anymore. It's very likely the owner or flipper need to sell. There' s no way for the rent can cover the mortgage, tax & association fee. I assume they have to lose around $2K/ month. </p>
<p>Thank you! I'm aware of it and I heard some terrible stories from the <a href="http://piggington.com/"><u>http://piggington.com/</u></a> also. I'm always very careful and ask the owner why they rent the houses out. Especially, Quail Hills is very new. Flippers usually are active in new area. </p>
<p>I saw one town home that was only couple years old and has been changed hands 3 times. But the owner said not flipping houses. He said it's because of job transfers. Anyway, I didn't like that one, so I did not ask anymore. It's very likely the owner or flipper need to sell. There' s no way for the rent can cover the mortgage, tax & association fee. I assume they have to lose around $2K/ month. </p>