Zip Codes: 92618, 92620, 92603

NEW -> Contingent Buyer Assistance Program

PANDA_IHB

New member
I am currently targeting Woodbury, Portillo Springs, and Quail Hills for my first home purchase around let 2009. Does anyone have an opinion of how far these homes (per square foot) can get down to in 2009, 2010, and 2011? I am sure that Quail Hills will be more expensive than Woodbury, and Woodbury would be more expensive than Portillo Springs. Some of homes i have been tracking is Villa Rosa, Portisol, and Rosemoor in Woodbury and Manzanita (which seems to have the lowest price/square foot) in Portillo Springs. I have heard from this blog that prices can potentially get down to $250 per square foot in Irvine, but is it possible for some of these newer homes (Villa Rosa and Rosemoor)to get down to this?



I am also looking for opportunities in Preforeclosure in the zip codes: 92618, 92620, and 92603. What is the best way to get started early, before some of these homes reach foreclosure stage. It seems that Woodbury would have more notice of defaults as many buyers bought at the peak in 2006.



Irvine Renter, do you have an opinion on this?



Thank you

JPX



Thanks.
 
<em>"I am sure that Quail Hills will be more expensive than Woodbury, and Woodbury would be more expensive than Portillo Springs."</em>





I don't know if this will hold true. Everyone seems to have a difference of opinion on which of these is the better neighborhood.


<em>


"prices can potentially get down to $250 per square foot in Irvine, but is it possible for some of these newer homes (Villa Rosa and Rosemoor)to get down to this?"</em>





This depends on the Irvine Company. By 2010, the market will probably only bear $250/SF, but the Irvine Company may chose not to sell new product until prices rise to a level they want for sales. They may wait a very long time, but they have the ability to do so if they desire.





<em>"What is the best way to get started early, before some of these homes reach foreclosure stage."</em>





Your best deal will come after the foreclosure has been an REO and for sale for over 90 days. The property you want may not meet that criteria. Don't mess around with short sales. It is a waste of your time.


<em>


"It seems that Woodbury would have more notice of defaults as many buyers bought at the peak in 2006. "</em>





Woodbury, Quail Hill, and Northwood II will all be destroyed by foreclosures. I suspect I will be buying a Woodbury foreclosure in 2010 at less than $250 / SF.
 
Word, Ipo, I knew there must be a powerful reason. . . although I'd prefer the kids going to Northwood over Uni. . . so, it's not so bad. Anyway, the WB will probably crash harder than the Rock anyway. Better deals to be had.
 
Hi everybody, I just want to clarify something. I have seen this misunderstanding on several threads; Woodbury kids do NOT go to Northwood HS; they go to Irvine HS. One big reason I can't see myself ever buying in WB.





ism
 
<i>"I suspect I will be buying a Woodbury foreclosure in 2010 at less than $250 / SF."</i><p>

Seriously, I may just as excited the day IR closes escrow, as the day we do.
 
<em>"I have seen this misunderstanding on several threads; Woodbury kids do NOT go to Northwood HS; they go to Irvine HS. One big reason I can't see myself ever buying in WB."





</em>The disparity between the quality of the "upper echelon" high schools (Northwood and Uni) vs the "lower echelon" schools (Irvine High and Woodbridge) is way overblown. Let's get straight to the point - most people here want their kids to attend a high school that gives them the best chance to matriculate to an "elite" college. And people think that if they buy in an area that feeds into Uni or Northwood, their kid will have a better chance to matriculate to Harvard than if they bought in an area that feeds into Irvine or Woodbridge. I'm here to say that it isn't the school that will determine which college your kid will attend. It's your kid.





Let's examine each of the factors that supposedly differentiate the quality between these schools. Safety, Quality of Teachers, Curriculum, Quality of Facilities, Competitiveness of Student Body.





1. Safety


All those schools have relatively safe environments so let's eliminate safety as a factor that differentiates those schools.





2. Quality of Teachers


I know for a fact that when Northwood High School started out, many of their honors and AP teachers were drawn from Irvine High's roster. In effect, when Northwood started out, the teaching talent base was equal with Irvine High. I don't know about how Irvine's and Northwood's talent base changed in recent years, but I don't think it's way out of line to assume that they are roughly equal.





3. Curriculum


Now we're starting to get somewhere. What college your kid will attend will be determine by the following criteria: SAT scores, GPA, the number of AP courses he/she takes, and his/her special talent (all-state/country sport, all-state/country instrument, publishing a substantial scientific thesis, Intel/Westinghouse STS, being a pilot, starting a non-profit ... etc - I'm not joking here - I had friends that did one or more of those things). What the school can do here is to offer a bunch of AP courses. It's up to your kid to take as many as they can and ace all of them and their corresponding AP tests. When I was in one of the "lower echelon" Irvine schools (10 or so years ago) I took 8 or 9 AP courses and all of the honors courses.





4. Quality of Facilities


This is where Northwood has a big advantage over all the other high schools, including Uni. Sure,having new facilities is nice, but the bottom line is how nice the buildings look, how much RAM is in the library computers will NOT affect your kid's academic numbers.





5. Competitiveness of the Student Body.


Ok. This is where Uni and Northwood derives their upper echelon status. They matriculate larger numbers of students to the elite colleges. But, if you look more closely, you'll also find that Uni and Northwood have more Asian students proportionally compared to Irvine and Woodbridge. I would argue that the reason why Uni and Northwood send more students to the elite colleges is not because of the competitive advantages offered by the schools, but of the inherent quality of the student body. My friends and I graduated at the top of our class in Irvine (from Irvine, Uni, and Woodbridge). I had friends from each of the high schools (Irvine, Uni, Woodbridge) matriculate into the schools such as Harvard, Caltech, Yale, MIT, Stanford, Berkeley. At the top of the class of each of the high schools, you couldn't really see a difference in the quality of the student. We all had 1500+ SAT scores, 4.0+ GPAs, etc.





While you can argue that the competitiveness of the student body would help your kid (more motivation to succeed, smarter peers), it could also hurt your kid if he/she can't handle the increased competition.





It ain't the school. It's your kid.
 
muff, agreed. In research, they call this a "ceiling effect." All 4 of the Irvine High Schools are good enough so that the potential of the student will be the differentiating factor in their eventual success. It puts a kid in a weird position to know that you fought tooth and nail for them to go to the best school. . . kind of externalizes the circumstances, when educational motivation needs to intrinsic. I would think that the talk with the kid should be "you know, this is a good school, but it doesn't matter about what all those other kids are doing, you'll get out what you put in."





I knew a girl who went to Irvine High at UCLA, and she was really top notch-- honors and all of that. Plus, she was hot. See? Proves my point, doesn't it?
 
muff - interesting analysis. I have to say, though, that my reasons for wanting my son to attend Northwood instead of any other school are decidedly less calculating wrt academics than all that. First of all, I did rule out University right off the bat because I want him to have a life, not an ulcer, due to academic stress. After that, I just decided that I like how Northwood "feels" to me. It's much more secluded and quiet, tucked into the hills, rather than on a main avenue. I want him to be able to ride his bike or walk to high school, and not have to navigate major traffic to do that. This is another reason why I am pining for Orchard Hills to be built out. I can envision our tidy little home tucked away in the hills to the right of NWHS as you look at it from Portola...





So even if the market becomes sane again in the next few years, I guess I really just don't see myself purchasing a home until they build that tidy little SFH in OH, probably somewhere in 2012/2013.





Well, patience is a virtue huh? And you never know - by then I might have even met someone and become "irvinemarriedmom"!
 
Also, Woodbury schools are year round, and this can be an issue for some people as well. I mean, it would suck for a teacher, who is a parent of a Woodbury student, that is not teaching at a year round school.





BTW, I think there are bad teachers at any school, just as there are bad parents at any school. It is a combo of having both of those being good, that will insure a child's success. My high school was considered one of the better ones, and we had plenty of all of that. I am still surprised today who the more successful people are. At least those who didn't have family businesses handed to them, and even some of them have landed in the trash literally.
 
what matters most is what they learn at home -- and in my case, what i will be teaching is left-handed hard sliders. for most parents, the exit strategy is 21 yrs when they graduate college and get a job. my exit strategy is 16 yrs old when they can sign a contract with a ball club.





the sig oth is not happy about this plan, nor is she enamored with terms like "exit strategy" when referring to children. women...
 
acpme,





Unless your children are residents of the Dominican Republic or Venezuela (or another foreign country) they can't sign a professional baseball contract until they are 18.





That gives them an additional 2 years to hone their skills though!
 
<p>Any Irvine high school can get your kid to the elite schools.</p>

<p>Northwood is nice, new, and pictoresque. It's tucked away in a very family-oriented area.</p>

<p>Irvine is older and has more history. And there's just a tad bit more diversity there.</p>

<p>Woodbridge is known for its athletics if that matters to your kid.</p>

<p>University is almost like a prep school - it also feels like an extension of UCI.</p>

<p>Beckman (TUSD) is the most new. Much more diverse than the others. Defiinitely top-tiered.</p>
 
Acpme,

I root for girls in a similar vein. They can be world class gymnast, figure skater or tennis player by 14 and if it doesn't work itself out by 15, they have a few years to regroup before college.
 
Orange County High School of the Arts - Great academics and nice kids and nice parents. Lots of parent involvement.
 
Back
Top