Irvine Dream
New member
...Ready2Downsize said:
Sheldon at Greenwood
- Thread starter thelandofnoland
- Start date
NEW -> Contingent Buyer Assistance Program
Ive seen some tracts in Tustin ranch that have almost doubled in value since purchased new 10 years ago (600k new going for 1.2M resale)....not saying these here will but in general real estate prices have been on the rise...resales arent even cheap nowadays, forclosures even worse, so was thinking might as well buy new and see.
I know TL isnt TR but is that THAT different? still the same city...i mean the sheer number of people trying snatch these lots up is insane.
a few yrs ago i was looking to buy a new tract in YL by Shea...same specs as the sheldons and it was going for 575k-630k....checked recently and the resales there are going for north of 800k..kickin myself for not jumping in at the time....just in under 5 years...wondering the potential for TL for something like this
Going to take a wild guess and say DINKS, parents who don't care where their kids go to school, investors (first few phases) or messicans.
That's a very valid point. The Chinese stock market is in a huge bubble right now and it is destined to pop.
It's hard to predict the overall affect to the local market here, but I've feeling we will see some price-to-sell-now home on the market if their stock bubble pops.
I thought the FCB are putting their money in US real estate as a safe guard against the rising bubble? I've heard this is their hedging strategy because many FCB fell the US economy is more stable than what is happening in Asia right now. So if the Asian markets pop, alot of the FCB feel it will, at least a % of their accumulated wealth is safe.
Who knows how much if any prices have gone up. Stan Pac preplotted options and tacked those onto the price. Price sheet shows options they added on.
Ready2Downsize
Well-known member
I'd like my kids to live close to me, yes. They know they can move back in to my house any day and I'll cover all expenses but two have their own house and the other one couldn't get a job as a teacher here when the economy went south so she moved out of state. She's working on getting enough time in to be able to go back there if she chooses and maybe she'll move back to So Cal. If she does, she can have the entire upstairs to herself, full kitchen privileges and no rent or utilities.
If I were buying her a house I would buy a smaller place in Irvine or resale in Tustin Ranch.
I've been thru several down cycles and location, location, location. Lots of rentals come on the market when people can't sell.
If I were buying her a house I would buy a smaller place in Irvine or resale in Tustin Ranch.
I've been thru several down cycles and location, location, location. Lots of rentals come on the market when people can't sell.
Ready2Downsize said:
Ive seen some tracts in Tustin ranch that have almost doubled in value since purchased new 10 years ago (600k new going for 1.2M resale)....not saying these here will but in general real estate prices have been on the rise...resales arent even cheap nowadays, forclosures even worse, so was thinking might as well buy new and see.
I know TL isnt TR but is that THAT different? still the same city...i mean the sheer number of people trying snatch these lots up is insane.
a few yrs ago i was looking to buy a new tract in YL by Shea...same specs as the sheldons and it was going for 575k-630k....checked recently and the resales there are going for north of 800k..kickin myself for not jumping in at the time....just in under 5 years...wondering the potential for TL for something like this
Ready2Downsize
Well-known member
I know a lot of people claim that FCB can't hurt our market if it becomes a buyers market but here's some food for thought.......... what if those same FCB also had significant amount of money in the stock market and it went south. What if they started getting margin calls and they couldn't keep buying houses here or if they had to sell off some of their properties here? What would that do to the Irvine housing market? If Irvine drops, Tustin is not going to hold up because people will buy/rent in Irvine.
Not saying any of this will happen, but it could and if houses come down basically the areas that were propped up by FCB, the fed isn't going to stop raising rates which will only make houses more unaffordable here, exasperating the problem.
So you say, then rentals will be good but not so fast............ lots of rentals start popping up. Flippers couldn't get out, divorces or other issues and people say well we can't get out even, we'll rent it out for a year or two.
Just some food for thought........... FCB were responsible for the prices here and they own a lot of properties here.
Not saying any of this will happen, but it could and if houses come down basically the areas that were propped up by FCB, the fed isn't going to stop raising rates which will only make houses more unaffordable here, exasperating the problem.
So you say, then rentals will be good but not so fast............ lots of rentals start popping up. Flippers couldn't get out, divorces or other issues and people say well we can't get out even, we'll rent it out for a year or two.
Just some food for thought........... FCB were responsible for the prices here and they own a lot of properties here.
Ready2Downsize
Well-known member
I would hope people who want to live in them long term.
homer_simpson
Well-known member
qwerty said:
Going to take a wild guess and say DINKS, parents who don't care where their kids go to school, investors (first few phases) or messicans.
Ready2Downsize said:
That's a very valid point. The Chinese stock market is in a huge bubble right now and it is destined to pop.
It's hard to predict the overall affect to the local market here, but I've feeling we will see some price-to-sell-now home on the market if their stock bubble pops.
Ready2Downsize
Well-known member
You just never know. As long as you're buying a house that you can afford now and have enough in the bank to cover a few months payments in case something happens to one or both income earners and are fine living in it (ok with the schools you would use now or in the future and have a big enough house) you'll be fine even if the market were to come down.
Been there three times myself and saw some pretty sad situations. Luckily my "losses" were on paper and I was fine living in my house.
It's those who think they'll buy and sell in x amount of time because this is only a short term buy and they anticipate making a profit, flippers buying a house they have no intention on living in or are stretched buying who end up sweating in a down market.
Been there three times myself and saw some pretty sad situations. Luckily my "losses" were on paper and I was fine living in my house.
It's those who think they'll buy and sell in x amount of time because this is only a short term buy and they anticipate making a profit, flippers buying a house they have no intention on living in or are stretched buying who end up sweating in a down market.
OC troll
New member
lnc said:
I thought the FCB are putting their money in US real estate as a safe guard against the rising bubble? I've heard this is their hedging strategy because many FCB fell the US economy is more stable than what is happening in Asia right now. So if the Asian markets pop, alot of the FCB feel it will, at least a % of their accumulated wealth is safe.
usctrojancpa
Well-known member
They'll keep moving up the prices as long as there are huge lines of people at phase releases willing to buy...same thing happened at The Knolls at Baker Ranch. The builders are good at finding the market price equilibrium.shooby said:
usctrojancpa
Well-known member
I will have a great Verandas Plan 3 listing (2,400sf with 4 bedrooms and 3 baths) coming up in a few days...pricing will look like a steal compared to where the Sheldon prices are. Stay tuned. 
Ready2Downsize
Well-known member
eyephone said:
Who knows how much if any prices have gone up. Stan Pac preplotted options and tacked those onto the price. Price sheet shows options they added on.