Seeking Irvine Home Advice!

[irvinehomeowner]

Despite test's opinion, there are non-MR homes built after the 70s in Irvine.

And the ones that are "newer" and built in the 90s, their MRs are expiring this decade.

You could have even bought homes built in the 10s... Lambert Ranch did not have MRs, The Willows and The Branches did not have MRs.

 

[chyuan]

Despite test's opinion, there are non-MR homes built after the 70s in Irvine.

And the ones that are "newer" and built in the 90s, their MRs are expiring this decade.

You could have even bought homes built in the 10s... Lambert Ranch did not have MRs, The Willows and The Branches did not have MRs.

You're paying the price like having one time MR payment upfront though...

 

[irvinehomeowner]

Despite test's opinion, there are non-MR homes built after the 70s in Irvine.

And the ones that are "newer" and built in the 90s, their MRs are expiring this decade.

You could have even bought homes built in the 10s... Lambert Ranch did not have MRs, The Willows and The Branches did not have MRs.

You're paying the price like having one time MR payment upfront though...

This is true, although I'm pretty sure Lyon did not have any development bonds and probably could not ask for one since infrastructure and schools were already built out in Woodbridge and University Park.

This is what I hated about how Lyon priced their homes, they used the absence of MRs as a way to pad their profit margins because as far as I know they bore no additional bond cost to build those homes... especially because initial pricing as I remember it was in the $800k vs the $1m+ they ended up with.

So $200k per home in their pocket because of the illusion of not having to pay MRs.

 

[usctrojancpa]

For a $900k-$1m new house in Irvine with MRs, you could afford a resale (or Baker Ranch) house for $1m-$1.1m with no MRs.

Plus, depending on the condition of the house, you will spend less on renovations than upgrades on resale (just the backyard alone will put you back 5 figures if you are ZeroLot).

BR needs no MR as a selling point because the location is crap.  Most resales in Irvine have MR unless you buy a junker built in the 70's.  Comparing apples to apples you can't avoid MR.  Besides it keeps the riff raff out.

So would you consider Woodbridge and Turtle Rock riff raff areas?  haha

 

[qwerty]

Despite test's opinion, there are non-MR homes built after the 70s in Irvine.

And the ones that are "newer" and built in the 90s, their MRs are expiring this decade.

You could have even bought homes built in the 10s... Lambert Ranch did not have MRs, The Willows and The Branches did not have MRs.

You're paying the price like having one time MR payment upfront though...

This is true, although I'm pretty sure Lyon did not have any development bonds and probably could not ask for one since infrastructure and schools were already built out in Woodbridge and University Park.

This is what I hated about how Lyon priced their homes, they used the absence of MRs as a way to pad their profit margins because as far as I know they bore no additional bond cost to build those homes... especially because initial pricing as I remember it was in the $800k vs the $1m+ they ended up with.

So $200k per home in their pocket because of the illusion of not having to pay MRs.

yeah but keep in mind that the city, or whomever sold them the land was also aware of no MR and im sure they increased the asking price for the land knowing that WL would command a higher price since the homes had no MR.

 

[Irvinecommuter]

Despite test's opinion, there are non-MR homes built after the 70s in Irvine.

And the ones that are "newer" and built in the 90s, their MRs are expiring this decade.

You could have even bought homes built in the 10s... Lambert Ranch did not have MRs, The Willows and The Branches did not have MRs.

You're paying the price like having one time MR payment upfront though...

This is true, although I'm pretty sure Lyon did not have any development bonds and probably could not ask for one since infrastructure and schools were already built out in Woodbridge and University Park.

This is what I hated about how Lyon priced their homes, they used the absence of MRs as a way to pad their profit margins because as far as I know they bore no additional bond cost to build those homes... especially because initial pricing as I remember it was in the $800k vs the $1m+ they ended up with.

So $200k per home in their pocket because of the illusion of not having to pay MRs.

yeah but keep in mind that the city, or whomever sold them the land was also aware of no MR and im sure they increased the asking price for the land knowing that WL would command a higher price since the homes had no MR.

Wait...I don't get that.  Whoever sold them the land sold it undeveloped.  New Home Company had to develop the land and had the right to start a MR zone but elected not too. 

 

[chyuan]

Despite test's opinion, there are non-MR homes built after the 70s in Irvine.

And the ones that are "newer" and built in the 90s, their MRs are expiring this decade.

You could have even bought homes built in the 10s... Lambert Ranch did not have MRs, The Willows and The Branches did not have MRs.

You're paying the price like having one time MR payment upfront though...

This is true, although I'm pretty sure Lyon did not have any development bonds and probably could not ask for one since infrastructure and schools were already built out in Woodbridge and University Park.

This is what I hated about how Lyon priced their homes, they used the absence of MRs as a way to pad their profit margins because as far as I know they bore no additional bond cost to build those homes... especially because initial pricing as I remember it was in the $800k vs the $1m+ they ended up with.

So $200k per home in their pocket because of the illusion of not having to pay MRs.

yeah but keep in mind that the city, or whomever sold them the land was also aware of no MR and im sure they increased the asking price for the land knowing that WL would command a higher price since the homes had no MR.

Wait...I don't get that.  Whoever sold them the land sold it undeveloped.  New Home Company had to develop the land and had the right to start a MR zone but elected not too.

Those are developed land they re-purpose to build homes so I'm not sure if they have much infrastructure to do. Regardless the builder sure made a good profit from the "no MR" tactic...

 

[qwerty]

Despite test's opinion, there are non-MR homes built after the 70s in Irvine.

And the ones that are "newer" and built in the 90s, their MRs are expiring this decade.

You could have even bought homes built in the 10s... Lambert Ranch did not have MRs, The Willows and The Branches did not have MRs.

You're paying the price like having one time MR payment upfront though...

This is true, although I'm pretty sure Lyon did not have any development bonds and probably could not ask for one since infrastructure and schools were already built out in Woodbridge and University Park.

This is what I hated about how Lyon priced their homes, they used the absence of MRs as a way to pad their profit margins because as far as I know they bore no additional bond cost to build those homes... especially because initial pricing as I remember it was in the $800k vs the $1m+ they ended up with.

So $200k per home in their pocket because of the illusion of not having to pay MRs.

yeah but keep in mind that the city, or whomever sold them the land was also aware of no MR and im sure they increased the asking price for the land knowing that WL would command a higher price since the homes had no MR.

Wait...I don't get that.  Whoever sold them the land sold it undeveloped.  New Home Company had to develop the land and had the right to start a MR zone but elected not too. 

im talking about william lyon and the branches/willows, not new home company and lambert ranch.

 

[MsHouseHunter]

...

Keep us posted on your search!

The one issue we did encounter when looking at places so far in NP/NW was that we could not fall in love w/ any of the floor plans. We really really would like an open floor plan downstairs with the great room/kitchen and are willing to sacrifice other things (eg, bigger yard, more sq ft as a whole) for a more open downstairs.

Check out Plans 3 and 4 on San Simeon and Evergreen:
http://garyfallis.com/default.asp.pg-FloorPlansNP

(note: I'm not a realtor and am NOT affiliated with the site referenced, just find it very helpful)

Good luck!

Thanks .. I actually googled this after I read your other post! Those do look better compared to the ones we saw, and would be nice to see if those are available.

Side note - this thread went on some interesting tangents!

 

[OpenSky]