Villages of Columbus - Columbus Square - Cambridge Lane

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[quote author="acpme" date=1213833464]wow, what are you even commenting about? it's seriously getting annoying to have a discussion with you because your logic is all over the place. you stare at the answer, sometimes even mentioning it, yet fail to acknowledge it.



any explanation? i'm sure you debunk me with great insights from your friend's cousin's friend's coworker who likes turtle ridge better than port streets.</blockquote>


It would be his aunt's half sister's husband's ex-coworker, who has the only opinion that matters, because facts are useless and only the opinions of hs_teacher and his family friends matter.



hs_teacher, do your students look at you with a glazed over confused look on their face like I just did, and I know acpme did too?
 
[quote author="acpme" date=1213833464]



any explanation as to how this 40 yr old home with no view can ask the same price as bigger homes in turtle ridge with views that feed into uni high?

<a href="http://www.redfin.com/CA/Newport-Beach/1827-Port-Charles-Pl-92660/home/4717314">http://www.redfin.com/CA/Newport-Beach/1827-Port-Charles-Pl-92660/home/4717314</a>



any explanation? i'm sure you debunk me with great insights from your friend's cousin's friend's coworker who likes turtle ridge better than port streets.</blockquote>


Wow... that's a great point. You're now comparing Turtle Ridge in Irvine with a home in NEWPORT BEACH. Something tells me that location does matter when the two homes being compared are in different cities.



Back to Northwood High. Did you know that Northwood is the newest school in Irvine Unified? Did you know that it was built in 1999? Around the same time the houses around there were built? So... the quality or reputation of the school did not draw new residents and increase home values. It's the socio-economic background of the residents moving there who created Northwood's reputation.



Simple story. Wealthy people wanted to move to Irvine. They decided, should I buy an older home around Woodbridge or Irvine High in Central Irvine... or should I buy a brand new house in North Irvine where I have no idea how good the new school will be? For those who did move there who bought the newer more expensive houses, they made Northwood High what it is today. So the community formed the school, not the other way around.



Northwood is a great school today because of the accumulation of wealth around that area. University has always been a great school because of it's proximity to UCI. It also has the highly desired Turtle Rock neighborhood around it. By the way, Turtle Rock is desired because it's up on the hills. We used to hang out up there during my days at UCI. Uni also now has new wealth coming in from Quail Hill, Turtle Ridge, University Hills, and Shady Canyon.



Irvine and Woodbridge, however, are decreasing in reputation because they are in older, less wealthy areas.



Lesson in real estate:



1. Location is most important above all. The beach, the coast, the bays, and the hills in safe neighborhoods will always carry a premium.

2. Newer is better. And I'm not talking about classic homes. That's a different story.



Just look at Irvine.



Northwood High - excellent school because the homes around there are new and expensive.

Irvine High - good school within an older community.

Woodbrige High - good school within an older community.

University High - excellent school within a desired neighborhood - Turtle Rock and Turtle Ridge and University Hills. It's all about the HILLS and the new homes.
 
Do you have any factual data to prove that there are wealthy people in Irvine? Or because you two friends in Irvine that you think are wealthy make that a fact?
 
You know...sometimes things cannot be grouped or explained. You just have to accept that people are different. With new homes and old homes, well, I can live in either. BUT, what I cannot abolutely live in is a TRASHED HOME.



Old Beach Home - People buy here, destroy, and rebuild a brand new home. Why? Because they have money and they can! Why? Because it's worth it to do in their eyes?



Old Irvine Home - People buy here, maybe make a few modifications? Why? Because they want to live in a better feeling, looking home. Because they dont want to put too much money into it since it's not worth it to do so?



New Beach Home - People buy here, destroy, and rebuild a brand new home. Why? Because they have money and they can! Why? Because they can!



New Irvine Home - People buy here? Why? Because the home is new. Why? Because they dont want to live in an old home?
 
[quote author="hs_teacher" date=1213747923]Umm... South County is all about newness. Isn't that a universal fact? People from older North County moved to newer South County such as Ladera, Coto, Mission Viejo, Foothill Ranch, Aliso Viejo, Laguna Niguel, etc. because it's newer. South County is all about being new versus North County. As for Newport Harbor, whether you're on the water or on the bluffs, you're still minutes from the bay or the ocean. Not so much if you're living in Newport Coast.</blockquote>




A universal fact?



Actually, many of the people who moved from north county to south county did so as "white flight", to get away from the mexicans and asians, or so I'm told...
 
<blockquote>Wow... that's a great point. You're now comparing Turtle Ridge in Irvine with a home in NEWPORT BEACH. Something tells me that location does matter when the two homes being compared are in different cities.</blockquote>


hello, you started a poll about huntington beach vs irvine. and conducted another very scientific poll based on a sample of "all the people I know who moved to Irvine" and asked them why they didn't choose fountain valley instead. and yet you're trying to shoot holes in my comparison of two luxury communities within miles of each other. given your response, it sounds like you're agreeing that the best, newest, and highest hilltops of irvine isn't comparable to older, non-view newport beach. <em><strong>isn't that what i've been saying?</strong></em>



<blockquote>Back to Northwood High. Did you know that Northwood is the newest school in Irvine Unified? Did you know that it was built in 1999? Around the same time the houses around there were built? So... the quality or reputation of the school did not draw new residents and increase home values. It's the socio-economic background of the residents moving there who created Northwood's reputation. </blockquote>


you're kidding right? northwood high was a stellar school right out of the gate. that's 50% demographics and 50% successful planning by IUSD. you have to give administration the credit it deserves. beckman high run by TUSD is a fine school but doesn't garner nearly the same national accolades. they both have neighboring communities that are essentially identical. so whats the difference? hmmm, maybe the teachers and administrators? the first yr staff at northwood high was like an all-star team. they keep changing principals every few yrs because they keep getting promoted.



<blockquote>For those who did move there who bought the newer more expensive houses, they made Northwood High what it is today. So the community formed the school, not the other way around.</blockquote>


if demographics was everything, how do you explain charter schools organizations such as greendot and kipp that have had success in creating new schools in some of the worst LA communities? given you're a teacher, it shocks me you wouldn't give credit where credit is due.



<blockquote>University has always been a great school because of it's proximity to UCI.</blockquote>


little correlation. uni kids might be closer physically, but technically, over-achieving students at any of the irvine schools can jump ahead and take college coursework if they want. in the communities around most of the ivy leagues (maybe except for cornell in the boonies), you would NOT want your kids at the local high school despite the interaction those kids have with world-class universities. ucla and usc grad programs of education colloborate heavily with some of the struggling schools in LA. the reason why there's little impact on those high schools is usually their district administration is completely incompetent (i.e. LAUSD).



<blockquote>

Lesson in real estate:



1. Location is most important above all. The beach, the coast, the bays, and the hills in safe neighborhoods will always carry a premium.

2. Newer is better. And I'm not talking about classic homes. That's a different story.

</blockquote>


those are terrible lessons quite frankly. i gave examples earlier of neighboring communities in which the inland is more expensive than coastal, or flatlands is more expensive than hills. i'm not trying to be antagonistic, but seriously, it seems like you're cherry-picking what you want to refute and ignoring what you can't in order to repeat the same old mantra.



<blockquote>Just look at Irvine.</blockquote>


yes, let's...



<blockquote>Northwood High - excellent school because the homes around there are new and expensive.</blockquote>
northwood pointe is not the only community that feeds into this high school. old northwood isn't exactly the shining beacon of desirability in irvine.



<blockquote>Irvine High - good school within an older community.

Woodbrige High - good school within an older community</blockquote>
both schools also get fed by newer communities. for ex, irvine high is also fed woodbury, parts of CG, tustin fields II



<blockquote>University High - excellent school within a desired neighborhood - Turtle Rock and Turtle Ridge and University Hills. It's all about the HILLS and the new homes.</blockquote>
yes, there's only hills and new homes involved with uni. thanks for conveniently leaving out the fact that turtle rock and university park, two neighborhoods that are the traditional core of uni high's student body, also have irvine's oldest homes and residents.
 
Too many points to argue. But let's just start with Northwood versus Beckman. Have you ever checked out the school's demographics? Northwood has demographics almost identical to Uni. Beckman doesn't. The student populations of the two schools are no where near identical. Have you checked out the houses along Portola between Culver and Jeffery. These homes are very nice and the kids go to Northwood. The homes around Irvine and Woodbridge are not as nice- although still nice.



As for my point, new has a premium over old. But that premium doesn't not compensate for difference in location.



I admit that Irvine High has students coming in from Woodbury. But Woodbury is less than 5 years old. So a very small number of students from Irvine High lives in Woodbury.

I also admit that Uni does have older houses around it. But these older houses are more expensive than the older houses around Irvine and Woodbridge.



By the way, in real estate, one mile is very significant. The difference from a house with waterfront with a house a mile inland is extremely significant.



And CM guy, you don't need to be white to take flight. You just have to be wealthy. Wealthier Hispanics take flight to North Tustin from Santa Ana. Wealthier Asians flee Garden Grove and Chinatowns to Irvine.
 
so in conclusion, this is what you've come up with.



new home prices > old home prices

schools new neighborhood > schools old neighborhood



therefore, in general...

new > old



cases in which old homes are more expensive, old schools are better, and old neighborhoods are considered more desirable... well those are all outliers that don't count.



if you throw all those out, then i guess yes, everything you said is correct.
 
Acpme, let's just focus on Irvine for a second okay?



There are four high schools.



University is the highest performing. It's been around, it has a stellar reputation, it's close to awfully expensive neighborhoods - Turtle Rock, Turtle Ridge, Shady Canyon, Quail Hill, University Hills, and it's close to UCI.



Northwood is the next highest performing school. It's less than ten years old. But it was built around the same time as all the expensive new homes were built across the street from it. So... having students come from wealthy family, it has great performance.



Woodbridge is next. Homes around aren't as new as Northwood's and not as expensive as University's.



Then Irvine High. Once again, older and less expensive homes - indicating less wealth.



In Irvine, I think that the areas around Irvine and Woodbridge Highs are considered middle class.

I think that the new homes around Northwood and the expensive homes around University are considered upper middle class.

That's all.
 
[quote author="freedomCM" date=1225515070]OMG!



1300sf, and 400 of that is taken up with stairways.



and $400/month HOA.



jeez, how low can these go? $250k? $150k?</blockquote>


stairways are not included in sqft, just like balcony and garage for e.g.
 
[quote author="flmgrip" date=1226155661][quote author="freedomCM" date=1225515070]OMG!



1300sf, and 400 of that is taken up with stairways.



and $400/month HOA.



jeez, how low can these go? $250k? $150k?</blockquote>


stairways are not included in sqft, just like balcony and garage for e.g.</blockquote>




I thought that they were, according to both bkshpr, and this:



<blockquote>The ANSI standards define "finished area" as ?an enclosed area in a house suitable for year-round use, embodying walls, floors, and ceilings that are similar to the rest of the house.? Measurements must be taken to the nearest inch or tenth of a foot, and floor area must be reported to the nearest square foot. Garages are specifically excluded.



How We Measure a House



<strong> * If there are stairs, we include them on every level they serve. </strong>The area below the stairs, such as a closet or half bath, is included on the floor the stairs go up from.

* For split-level designs, we measure each level.

* We exclude any areas, such as porches, poor quality additions, breezeways, detached rooms and converted garages, that are not finished or heated the same as the rest of the house.



</blockquote>


http://www.appleappraisalinc.com/Measuring+a+Home-+What+does+an+Appraiser+look+for?
 
Yeah, there's 2 more plan 3's. I didn't jot down the price down though.



If I remember, it was $424,000, but they were taking $40,000 off of the price on paper, so I'm guessing $384,000.



Plan 1 was $379K, but she crossed it out and wrote 339K (with an additional $10K off of closing/flooring/principal) so $329K final price.
 
300-400k for a new condo sounds right. right now, you can buy an old one for 200-300k.

you can buy a resale home for 400-500k, and you can buy a new home for 500-600k.
 
What do u guys think of plan 2?



1235 sq ft, 1 bdrm, 1.5 bath. One car garage.



Selling at 324k, plus 5000 referral award (since I referred my gf) so final price is 319k. That's 259 per sqft. For a brand new condo in tustin.
 
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