B2FiNiTY said:Went to the sales office to have a convo with them and basically they won't even talk to you unless you are a cash buyer and willing to "bid" for new releases. Can't even get on the list as a cash buyer for the two smaller plans either.
B2FiNiTY said:Went to the sales office to have a convo with them and basically they won't even talk to you unless you are a cash buyer and willing to "bid" for new releases. Can't even get on the list as a cash buyer for the two smaller plans either.
thanks for your opinion. How's life in #GarbageGate?BlackKnight said:B2FiNiTY said:Went to the sales office to have a convo with them and basically they won't even talk to you unless you are a cash buyer and willing to "bid" for new releases. Can't even get on the list as a cash buyer for the two smaller plans either.
Lol Lake Forest is Lake Forest. They are acting as if Lake Forest is the new Shady.
callmehere said:Do you feel like people like The Meadows since it's a Toll Brother's development? I wonder if another developer would get the same interest? Given that it takes over 2mil to get into a new development in Orchard hills, the meadows feels like a bargain and the zip code is factored into the lower price. Crazy that a home in Lake Forest goes over 1.5 mil now, but the market speaks for itself
sleepy5136 said:A lot of these buyers must be underbuying or are cash. I can't see anyone putting 10% down + interest rates rising being able to buy a property here. Especially since it takes 1 yr for them to build one of these homes. Who knows what interest rates will be 1-3 months from now let alone 1 year..
milgauss said:sleepy5136 said:A lot of these buyers must be underbuying or are cash. I can't see anyone putting 10% down + interest rates rising being able to buy a property here. Especially since it takes 1 yr for them to build one of these homes. Who knows what interest rates will be 1-3 months from now let alone 1 year..
Agreed, it?s very risky. I would be willing to take that risk for a new build in Irvine, but not this location. I am wondering how they still have so many buyers. The demand in nearby TB communities like Baker Ranch is not THAT high - many homes are selling at list price or even lower. BR also seems like a nicer location too?
If the housing market starts cooling off, I feel like LF will get hit harder than Irvine for sure. Would not want to be locked into a contract at that point.
talkirvine said:milgauss said:sleepy5136 said:A lot of these buyers must be underbuying or are cash. I can't see anyone putting 10% down + interest rates rising being able to buy a property here. Especially since it takes 1 yr for them to build one of these homes. Who knows what interest rates will be 1-3 months from now let alone 1 year..
Agreed, it?s very risky. I would be willing to take that risk for a new build in Irvine, but not this location. I am wondering how they still have so many buyers. The demand in nearby TB communities like Baker Ranch is not THAT high - many homes are selling at list price or even lower. BR also seems like a nicer location too?
If the housing market starts cooling off, I feel like LF will get hit harder than Irvine for sure. Would not want to be locked into a contract at that point.
Many people doubted Altair three/four years ago, but it turned to be successful. Both TB and TIC are well known in marketing and selling their houses.
milgauss said:sleepy5136 said:A lot of these buyers must be underbuying or are cash. I can't see anyone putting 10% down + interest rates rising being able to buy a property here. Especially since it takes 1 yr for them to build one of these homes. Who knows what interest rates will be 1-3 months from now let alone 1 year..
Agreed, it?s very risky. I would be willing to take that risk for a new build in Irvine, but not this location. I am wondering how they still have so many buyers. The demand in nearby TB communities like Baker Ranch is not THAT high - many homes are selling at list price or even lower. BR also seems like a nicer location too?
If the housing market starts cooling off, I feel like LF will get hit harder than Irvine for sure. Would not want to be locked into a contract at that point.
wootjhons said:milgauss said:sleepy5136 said:A lot of these buyers must be underbuying or are cash. I can't see anyone putting 10% down + interest rates rising being able to buy a property here. Especially since it takes 1 yr for them to build one of these homes. Who knows what interest rates will be 1-3 months from now let alone 1 year..
Agreed, it?s very risky. I would be willing to take that risk for a new build in Irvine, but not this location. I am wondering how they still have so many buyers. The demand in nearby TB communities like Baker Ranch is not THAT high - many homes are selling at list price or even lower. BR also seems like a nicer location too?
If the housing market starts cooling off, I feel like LF will get hit harder than Irvine for sure. Would not want to be locked into a contract at that point.
Honestly, tech and aerospace is really heating up right now and there are a ton of STEM companies in Irvine. Combined with the STEM talent shortage, there is a lot of money being thrown around.
Anecdotally, I work for a mid sized no-name tech company in the area and our upper management is spooked rn. They announced in December that they are giving all devs/qa an 80% raise this year.
- Amazon just announced they are doubling their base salary limit from $160,000 to $350,000.
- Microsoft bought Blizzard and Blizzard was know for low balling their employees where as Microsoft pays well.
- Oracle paid their employees a huge bonus this year and give most of their STEM employees stock this year, usually it was only limited to the top performers.
- Medical tech industry is also overflowing with cash, Masimo, Bio-Rad, J&J all have their medical tech teams near the Spectrum and the pandemic has made them a lot of money.
- Tons of money being thrown at aerospace and constellation satellite tech.
BR and Meadows are close enough to these companies around the Spectrum that if there is a downturn in the economy, tech and aerospace demand is going to keep Irvine and LF afloat.
The California Court Company said:You forgot Apple is hiring in Irvine also.
wootjhons said:milgauss said:sleepy5136 said:A lot of these buyers must be underbuying or are cash. I can't see anyone putting 10% down + interest rates rising being able to buy a property here. Especially since it takes 1 yr for them to build one of these homes. Who knows what interest rates will be 1-3 months from now let alone 1 year..
Agreed, it?s very risky. I would be willing to take that risk for a new build in Irvine, but not this location. I am wondering how they still have so many buyers. The demand in nearby TB communities like Baker Ranch is not THAT high - many homes are selling at list price or even lower. BR also seems like a nicer location too?
If the housing market starts cooling off, I feel like LF will get hit harder than Irvine for sure. Would not want to be locked into a contract at that point.
Honestly, tech and aerospace is really heating up right now and there are a ton of STEM companies in Irvine. Combined with the STEM talent shortage, there is a lot of money being thrown around.
Anecdotally, I work for a mid sized no-name tech company in the area and our upper management is spooked rn. They announced in December that they are giving all devs/qa an 80% raise this year.
- Amazon just announced they are doubling their base salary limit from $160,000 to $350,000.
- Microsoft bought Blizzard and Blizzard was know for low balling their employees where as Microsoft pays well.
- Oracle paid their employees a huge bonus this year and give most of their STEM employees stock this year, usually it was only limited to the top performers.
- Medical tech industry is also overflowing with cash, Masimo, Bio-Rad, J&J all have their medical tech teams near the Spectrum and the pandemic has made them a lot of money.
- Tons of money being thrown at aerospace and constellation satellite tech.
BR and Meadows are close enough to these companies around the Spectrum that if there is a downturn in the economy, tech and aerospace demand is going to keep Irvine and LF afloat.
milgauss said:Agreed, it?s very risky. I would be willing to take that risk for a new build in Irvine, but not this location. I am wondering how they still have so many buyers. The demand in nearby TB communities like Baker Ranch is not THAT high - many homes are selling at list price or even lower. BR also seems like a nicer location too?
If the housing market starts cooling off, I feel like LF will get hit harder than Irvine for sure. Would not want to be locked into a contract at that point.
anteaterMD said:Let?s not forget to factor the ROI on these properties (vs new builds in Irvine / GP) thanks to no Mello Roos
Irvine schools is really what makes Irvine stand out. The ROI diff is really not going to mean anything for a primary residence. Especially when you factor in the MR that you pay for X years. Also, the vast majority of Irvine homes are master planned cookie cuttered homes, not everyone likes that.eyephone said:anteaterMD said:Let?s not forget to factor the ROI on these properties (vs new builds in Irvine / GP) thanks to no Mello Roos
Correct its like living having a Beverly Hills address vs a West Hollywood address. It makes a difference down the road when you sell your place. (I think Irvine brand is greater than LF)