When would be next housing Bottom?
- Thread starter OCLuvr
- Start date
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I supported Eyephone because he was spot on and yes I agreed with him. In no way did I ever try to hedge my opinions, which unfortunately I cannot say the same for you. If people read my earlier posts, I think everyone knew where I stood. You on the other hand, were the one who constantly "suggested" this was seasonal, but when asked directly about it, wouldnt make a clear stand on the subject.
What I find ironic is that you think that just because people share the same opinions, the actions of one can be placed on another? Why am I surprised that such shallow thinking can come from you?
Finally you concede that there was tremendous saving buying now vs one year ago.
What you clearly still dont get is what is seasonal and YoY. The price drops we have seen are YoY, not seasonal. And no there is no such thing as 15% historical seasonal price drops. Do you even believe what you write? Even your best bed on this forum (compressed village) wont agree with you on this 15% historical season price drops because it is just so damn ridiculous.
As for the question of whether one continues to wait or not. Who knows at this point. The point however is that the person who bought recently or now is waaaaaaaaaaayyyyyyy better off than the person who bought in summer of 2018.
Why am I not surprised by your continued insults?
You question my credibility where you have none here and your method of response says more about your unwillingness to participate in civil discourse.
I will stop conversing with you because you are never wrong. Whether it be some vs one, not thoroughly reading posts, or not understanding how to make a 15 year payment on a 30-year loan.
Do TI a favor and think more about trying to understand someone else?s perspective instead of just yelling ?strawman!? when you can?t form a reasonable counter.
Since you don?t think this forum is a good source for advice, why do you even post here? Good luck with following Steve Thomas around because I guess he?s never wrong either.
You know that crazy people dont know they are crazy, which is why they are crazy. Im not calling you crazy, but I would just switch out "crazy" for "delusional" for you. That my friend was an insult. My previous comment was just my response to your insults.
Haha. You may think you're the smartest one here but you need to step up your insult game. And I was not insulting you, those were facts.
QH prices are falling off a cliff. This pocket listing destroyed the comps
https://www.redfin.com/CA/Irvine/116-Retreat-92603/home/5902876
Slowdown.
Maybe because that side of QH is next to the power lines? I know the single loaded homes with view lots still trade at lofty prices.
It?s small change to them. They are like Big time.
Hint: that?s like a lot of money. You don?t need to be a financial expert to figure that out. (or maybe you do)
I know their rebuttal:but everybody needs to place to live
My response: yeah if they can?t afford to buy a house, they just rent or live with family
irvinehomeowner said:
I supported Eyephone because he was spot on and yes I agreed with him. In no way did I ever try to hedge my opinions, which unfortunately I cannot say the same for you. If people read my earlier posts, I think everyone knew where I stood. You on the other hand, were the one who constantly "suggested" this was seasonal, but when asked directly about it, wouldnt make a clear stand on the subject.
What I find ironic is that you think that just because people share the same opinions, the actions of one can be placed on another? Why am I surprised that such shallow thinking can come from you?
irvinehomeowner said:
Finally you concede that there was tremendous saving buying now vs one year ago.
What you clearly still dont get is what is seasonal and YoY. The price drops we have seen are YoY, not seasonal. And no there is no such thing as 15% historical seasonal price drops. Do you even believe what you write? Even your best bed on this forum (compressed village) wont agree with you on this 15% historical season price drops because it is just so damn ridiculous.
As for the question of whether one continues to wait or not. Who knows at this point. The point however is that the person who bought recently or now is waaaaaaaaaaayyyyyyy better off than the person who bought in summer of 2018.
irvinehomeowner
Well-known member
meccos12 said:
Why am I not surprised by your continued insults?
You question my credibility where you have none here and your method of response says more about your unwillingness to participate in civil discourse.
I will stop conversing with you because you are never wrong. Whether it be some vs one, not thoroughly reading posts, or not understanding how to make a 15 year payment on a 30-year loan.
Do TI a favor and think more about trying to understand someone else?s perspective instead of just yelling ?strawman!? when you can?t form a reasonable counter.
Since you don?t think this forum is a good source for advice, why do you even post here? Good luck with following Steve Thomas around because I guess he?s never wrong either.
irvinehomeowner said:
You know that crazy people dont know they are crazy, which is why they are crazy. Im not calling you crazy, but I would just switch out "crazy" for "delusional" for you. That my friend was an insult. My previous comment was just my response to your insults.
irvinehomeowner
Well-known member
So to everyone else except meccos, how did prices go back up after July/Aug 18? That's what I mean by seasonal/cyclical.
Did the slowdowners think prices were going to go back up or continue downwards? You can say it was interest rates but NO ONE predicted that.
And that's my point, no one can accurately predict where prices are going... even now, with such low volume (lowest in years as reported), prices are still high in Irvine relatively. You can just keep waiting for the "pain" but is anyone going to say how long? The predicted lag in December (when again, prices "seasonally" go down)? What happens if the rates go even lower? Or higher? Or Trump gets impeached? Or LeBron gets injured?
I also wonder why no one responds to other members who say that prices are actually going to go back up. I don't think that... I feel like flat or slightly down is probably more reasonable.
Did the slowdowners think prices were going to go back up or continue downwards? You can say it was interest rates but NO ONE predicted that.
And that's my point, no one can accurately predict where prices are going... even now, with such low volume (lowest in years as reported), prices are still high in Irvine relatively. You can just keep waiting for the "pain" but is anyone going to say how long? The predicted lag in December (when again, prices "seasonally" go down)? What happens if the rates go even lower? Or higher? Or Trump gets impeached? Or LeBron gets injured?
I also wonder why no one responds to other members who say that prices are actually going to go back up. I don't think that... I feel like flat or slightly down is probably more reasonable.
irvinehomeowner
Well-known member
meccos12 said:
Haha. You may think you're the smartest one here but you need to step up your insult game. And I was not insulting you, those were facts.
Pretty good price in QH with a Pool?
Bought in 2013 for $1.69 million. Now on sale for $1.48 million. Ouch
https://www.redfin.com/CA/Irvine/104-Retreat-92603/home/5902854
Bought in 2013 for $1.69 million. Now on sale for $1.48 million. Ouch
https://www.redfin.com/CA/Irvine/104-Retreat-92603/home/5902854
woodburyowner
Well-known member
Goriot said:
QH prices are falling off a cliff. This pocket listing destroyed the comps
https://www.redfin.com/CA/Irvine/116-Retreat-92603/home/5902876
irvinehomeowner
Well-known member
OCLuvr said:
Slowdown.
usctrojancpa
Well-known member
OCLuvr said:
Maybe because that side of QH is next to the power lines? I know the single loaded homes with view lots still trade at lofty prices.
The poor previous listing agent was holding open house every weekend for the past 6 months and he was fired. Owner hired a new one just want to have "better luck". The new listing agent set a $1.48 million price and hopes people will bid up the price. No way the owner will accept any price that is close to 1.5 million.
But honestly, with a "4" in its house number and that close to the power line, it will be hard to sell at a price the owner wants.
But honestly, with a "4" in its house number and that close to the power line, it will be hard to sell at a price the owner wants.
Goriot said:
irvinehomeowner
Well-known member
2 homes and one of them a weird pocket listing and QH is falling of a cliff?
Any others? If Vicarra starts going off this same cliff... I'm gonna move there.
Any others? If Vicarra starts going off this same cliff... I'm gonna move there.
meccos12 said:OCLuvr said:
Just seasonal ya know. 200-400K off previous sale price is normal seasonal variance right?
It?s small change to them. They are like Big time.
Hint: that?s like a lot of money. You don?t need to be a financial expert to figure that out. (or maybe you do)
I know their rebuttal:but everybody needs to place to live
My response: yeah if they can?t afford to buy a house, they just rent or live with family