May 27th, 2009
by IrvineRenter
Move-up housing is not an equity appreciation play as most people think. True move-up housing is cashflow savings technique that will be in vogue again in a few years.
Today we have another condo in Orangtee rolling back to 2003 pricing.
Asking Price: $299,000
Address: 294 Lemon Grove, Irvine, CA 92618
Did you see the weekend post, HELOC Abuse San Clemente Style? Kelli Hart has a follow up on South Coast Homes.
Read the rest of this entry »
May 26th, 2009
by IrvineRenter
Not every neighborhood in Irvine is well planned. In fact, the section of El Camino Real between Yale and Jeffrey is rather poorly planned, and the property values suffer there as a result.
Asking Price: $559,000
Address: 4882 Flagstar Circle, Irvine, CA 92604
Read the rest of this entry »
May 25th, 2009
by IrvineRenter
Once an owner has extracted every penny of equity and "put" the property to the bank, they don't care anymore because they think, "I Got Mine."
Asking Price: $450,000
Address: 51 Lakeshore #20, Irvine, CA 92604
Read the rest of this entry »
May 23rd, 2009
by IrvineRenter
Our popular tour to surrounding communities in search of HELOC abuse continues in Huntington Beach. So far we have seen $3,367,500 HELOC Abuse from Hollywood, $5,000,000 HELOC abuse from Laguna Beach, $7,000,000 HELOC abuse in Newport Coast and 18 different properties in Huntington Beach. Today we will examine the sleepy beach community of San Clemente.
Asking Price: $798,000
Address: 121 W Avenida San Antonio San Clemente, CA 92672
Read the rest of this entry »
May 22nd, 2009
by IrvineRenter
The sun is shining, the bluebells are blooming, and prices are crashing back to 2003 levels.
Asking Price: $450,000
Address: 14 Bluebell, Irvine, CA 92618
Irvine Homes has my profile on Deerwood in Irvine.
Read the rest of this entry »
May 21st, 2009
by IrvineRenter
The long awaited implosion of the North Korean towers at the Marquee is happening as envisioned. There is a race to the ground, and no floor in prices is in sight.
Today's featured property is being offered for 53% off its purchase price.
Asking Price: $349,900
Address: 3131 Michelson #307, Irvine, CA 92612
One more community profile at the Irvine Homes Blog: Quail Hill.
Read the rest of this entry »
May 20th, 2009
by IrvineRenter
Some people should never have been given the loans they had; they can't afford the properties they occupy. Today's featured property is beyond the means of its owners, so it is going into foreclosure. Is this foreclosure a crisis? or is is the cure to their debt problems?
Asking Price: $1,399,000
Address: 25 Arcade, Irvine, CA 92603
I contributed another post at Irvine Homes: Turtle Rock.
Read the rest of this entry »
