Low-End Payment Affordability

Nov 16th, 2009 by IrvineRenter 

 The payment affordability at the low end the market is so good that a wage earner making $12.50 per hour can now afford to buy in Irvine.

275 STREAMWOOD Irvine, CA 92620 front 275 STREAMWOOD Irvine, CA 92620 complex

Irvine Home Address ... 275 STREAMWOOD Irvine, CA 92620
Resale Home Price ...... $126,140

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History of Fundamental Value

Nov 9th, 2009 by IrvineRenter 

Why do I believe there are market fundamentals? And how do I calculate these numbers? Today we will look at the history of Irvine median home prices, IHB Current Cashflow Value, IHB Fundamental Value from 1975 to present.

31 DEER Crk Irvine, CA 92604 front 31 DEER Crk Irvine, CA 92604 kitchen

Irvine Home Address ... 31 DEER Crk Irvine, CA 92604
Resale Home Price ...... $699,000

Block Party 11-9-2009

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UCLA Anderson Forecast Orange County

Nov 2nd, 2009 by IrvineRenter 

The UCLA Anderson Forecast has deteriorated to market cheerleading and bottom calling. This year's incorrect bottom call will not help their credibility.

12 ORANGETIP Irvine, CA 92604 front 12 ORANGETIP Irvine, CA 92604 kitchen

Irvine Home Address ... 12 Orangetip Irvine, CA 92604
Resale Home Price ...... $494,900

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Ownership Cost: Taxes and Opportunity Costs

Oct 30th, 2009 by IrvineRenter 

Taxes and opportunity costs impact the financial life of owners in ways that have nothing to do with the property. Today we will examine these two features more carefully.

5 WILDBROOK Irvine, CA 92614 front 5 WILDBROOK Irvine, CA 92614 kitchen

Irvine Home Address ... 5 WILDBROOK Irvine, CA 92614
Resale Home Price ...... $495,000

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Ownership Cost: Homeowners Associations

Oct 29th, 2009 by IrvineRenter 

I asked our resident HOA expert to write a few words about HOA issues for today's post. The author has served on the board of his large HOA for 16 years, worked for one of the largest HOA management companies, and was also on the Fountain Valley City Council for six years. Lately he's been working to expose the scandal behind the sale of the Orange County Fairgrounds with this link. He'll be responding to comments.

360 East YALE Loop 15 Irvine, CA 92614 front 360 East YALE Loop 15 Irvine, CA 92614 kitchen

Irvine Home Address ... 360 East YALE Loop 15 Irvine, CA 92614
Resale Home Price ...... $608,000

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Ownership Cost: Property Taxes and Mello Roos

Oct 28th, 2009 by IrvineRenter 

We continue our focus on Woodbridge HELOC abusers and Ownership Cost with a discussion on property taxes and Mello Roos.

13 LONGSHORE 79 Irvine, CA 92614 front 13 LONGSHORE 79 Irvine, CA 92614 kitchen

Irvine Home Address ... 13 LONGSHORE 79 Irvine, CA 92614
Resale Home Price ...... $560,000

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Ownership Cost: Interest Rates and Downpayment Requirements

Oct 27th, 2009 by IrvineRenter 

Federal Reserve interest rate support is a major reason not to buy a home. When these supports are removed and interest rates rise to market levels, loans will get smaller and prices will go lower -- when the shadow inventory finally arrives.

4 EARLYMORN Irvine, CA 92614 front 4 EARLYMORN Irvine, CA 92614 kitchen

Irvine Home Address ... 4 EARLYMORN Irvine, CA 92614
Resale Home Price ...... $1,150,000

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