Where do you think the bottom of new construction homes in Irvine will be in 2010?

NEW -> Contingent Buyer Assistance Program
PANDA_IHB

PANDA_IHB

New member
Like IR said, there are a few new construction homes in Irvine that are selling below $300/psf like San Carlos and Sandero in PS, but the mello roos and HOA on these townhomes are real wallet drainers. It seems that most of the new construction homes that are above 2000 square are the same prices from a year ago.



Let's predict a conservative estimate that that 30 fixed mortgages in 2010 will be 8-9%. Where do you think will be the bottom prices of the more desirable new construction homes in Northwood II, Woodbury, and Portola Springs would be in Feb, 2010? Are many of you planning on putting down a lot more than 20% down when you feel that new construction home prices have hit the bottom? Looking at IR2's stats on closings this year, the average amount that buyers are putting down is close to 37%.



Where do you think the bottom prices will be for these tracts?

1) Villa Rosa Plan 1

2) Las Colinas Plan 1

3) Los Arboles Plan 3

4) Manzanita Plan 2

5) Serra Plan 2

6) Stone Tree Manor Plan 2

7) Prado Plan 2



Also do any of you feel that the bottom in Irvine will be at a much later date than 2010 as we've had so much unexcepted crisis in our financial system?
 
As far as I know, three model homes of Prado are sold. The builder of Prado, pardee homes, won't built any other homes in Irvine. It sold back its lots to TIC and leave the PS. I heard that Taylor woodrow, will build Las Colinas over there. So...it might be good for someone who bought three prado model homes since the same home won't be available in Irvine unless it will come back and build again later on.
 
Optimus,

I don't quite get what your problem is? You are wrong that gold would not rise above $850 by year end? You are wrong again that the DOW will not hit 10,000 by year end? Why you gotta mess up my thread like that? Perhaps you and I should battle this out in the Economics section, not here.
 
If new construction is significantly lower than the same houses built recently... wouldn't that feed the whole "buy and bail" trend? And would that make the prices of those recent homes drop even more?
 
[quote author="PANDA" date=1222310827]Optimus,

I don't quite get what your problem is? You are wrong that gold would not rise above $850 by year end? You are wrong again that the DOW will not hit 10,000 by year end? Why you gotta mess up my thread like that? Perhaps you and I should battle it out in the Economics section, not here.</blockquote>


I'm in the Panda challenge for you...but the irony is..you didn't even sign up :)



BTW...not my problem you never bet on Gold :)



BTW 2.... the Dow didn't come close to cracking 10,000
 
[quote author="irvine_home_owner" date=1222310916]If new construction is significantly lower than the same houses built recently... wouldn't that feed the whole "buy and bail" trend? And would that make the prices of those recent homes drop even more?</blockquote>


It definitely would. TIC is fighting tooth and nail to grind construction down to a halt in an effort to prevent this type of price reversal on new construction.



My opinion is that they can stall it but cannot avoid it in the medium term. Even with their unique control over land and construction.



SCHB
 
[quote author="optimusprime" date=1222309970]Yawn.... moving to Chicago or Georgia...buying me a Panda mansion.</blockquote>


Panda Mcmansion



<img src="http://treehouseguy.files.wordpress.com/2006/10/treehouse-fall-04-gif.gif" alt="" />
 
[quote author="bkshopr" date=1222311393][quote author="optimusprime" date=1222309970]Yawn.... moving to Chicago or Georgia...buying me a Panda mansion.</blockquote>


Panda Mcmansion



<img src="http://treehouseguy.files.wordpress.com/2006/10/treehouse-fall-04-gif.gif" alt="" /></blockquote>


Nice home BK.



Is that house located in the middle of Crystal Cove State Park? How much are they asking?
 
[quote author="optimusprime" date=1222311094][quote author="PANDA" date=1222310827]Optimus,

I don't quite get what your problem is? You are wrong that gold would not rise above $850 by year end? You are wrong again that the DOW will not hit 10,000 by year end? Why you gotta mess up my thread like that? Perhaps you and I should battle it out in the Economics section, not here.</blockquote>


I'm in the Panda challenge for you...but the irony is..you didn't even sign up :)



BTW...not my problem you never bet on Gold :)



BTW 2.... the Dow didn't come close to cracking 10,000</blockquote>


I am in the Panda Challenge, I do not know why Graph's game id and password is not working. Gold will be above $950, Dow will be below 10,000, and the dollar will decline to the low 70s by year end. Bookmark it Optimus.
 
[quote author="PANDA" date=1222311592][quote author="bkshopr" date=1222311393][quote author="optimusprime" date=1222309970]Yawn.... moving to Chicago or Georgia...buying me a Panda mansion.</blockquote>


Panda Mcmansion



<img src="http://treehouseguy.files.wordpress.com/2006/10/treehouse-fall-04-gif.gif" alt="" /></blockquote>


Nice home BK.



Is that house located in the middle of Crystal Cove State Park? How much are they asking?</blockquote>


2 million tons of bamboo shoots.
 
[quote author="muzie" date=1222331986]Do Ewoks live in there?</blockquote>


No. PANDA lives there and here is proof of them climbing up to the house.



<img src="http://advocacy.britannica.com/blog/advocacy/wp-content/uploads/pandas-in-trees.jpg" alt="" />



Another picture of PANDA eating bamboo shoot. He is a picky eater and chews only on the new shoot. Random bamboo plants every few years produced poison sap in the shoot and it is extremely difficult to predict. Before 1972 the Panda population was almost wiped out because of food poisoning. Most Panda today living in the wild their habitat is being closely monitored and their bamboo forest is divided into zones so each zone is tested for toxin before the Pandas are released into the quarantined area for feeding.



<img src="http://nationalzoo.si.edu/Animals/GiantPandas/PandaConservation/2007PregnancyWatch/images/cover_Mei20060326.jpg" alt="" />
 
[quote author="PANDA" date=1222311871][quote author="optimusprime" date=1222311094][quote author="PANDA" date=1222310827]Optimus,

I don't quite get what your problem is? You are wrong that gold would not rise above $850 by year end? You are wrong again that the DOW will not hit 10,000 by year end? Why you gotta mess up my thread like that? Perhaps you and I should battle it out in the Economics section, not here.</blockquote>


I'm in the Panda challenge for you...but the irony is..you didn't even sign up :)



BTW...not my problem you never bet on Gold :)



BTW 2.... the Dow didn't come close to cracking 10,000</blockquote>


I am in the Panda Challenge, I do not know why Graph's game id and password is not working. Gold will be above $950, Dow will be below 10,000, and the dollar will decline to the low 70s by year end. Bookmark it Optimus.</blockquote>


We, (I), can't see you in the Panda Challenge. Are you playing as the name, "Panda"?
 
[quote author="irvine_home_owner" date=1222310916]If new construction is significantly lower than the same houses built recently... wouldn't that feed the whole "buy and bail" trend? And would that make the prices of those recent homes drop even more?</blockquote>


That is the problem. The lenders will take measures to prevent the "buy and bail" from happening. <a href="http://www.housingwire.com/2008/09/24/fha-moves-to-stop-buy-and-bail/">FHA Moves to Stop ?Buy and Bail?</a>
 
Guys, Guys, Guys,



Why is it that whenever Panda asks a serious question that many of you post funny pictures of Panda like i.e. Panda Mansions, Panda Mobiles, Panda Food, Panda Girl Friends, Panda climbing on top of bamboo trees? I mean even Asian Invasion is starting to look really good compared to the Panda here. Why is everyone making fun of me :(



No Love for the Panda on the Irvine Housing Blog... sniff... sniff.
 
[quote author="PANDA" date=1222412678]Guys, Guys, Guys,



Why is it that whenever Panda asks a serious question that many of you post funny pictures of Panda like i.e. Panda Mansions, Panda Mobiles, Panda Food, Panda Girl Friends, Panda climbing on top of bamboo trees? I mean even Asian Invasion is starting to look really good compared to the Panda here. Why is everyone making fun of me :(



No Love for the Panda on the Irvine Housing Blog... sniff... sniff.</blockquote>


<img src="http://icanhascheezburger.files.wordpress.com/2008/08/funny-pictures-panda-will-let-you-take-the-bamboo.jpg" alt="" />
 
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