California Kool Aid

Nov 18th, 2009 by IrvineRenter 

The belief in rapid home price appreciation is deeply held in California. Now with HELOCs to give access to this pot of gold, California Kool Aid has never tasted better.

108 TIMBERWOOD Irvine, CA 92620 front 1 108 TIMBERWOOD Irvine, CA 92620 front 2

Irvine Home Address ... 108 TIMBERWOOD Irvine, CA 92620
Resale Home Price ...... $399,000

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Down the Drain

Nov 17th, 2009 by IrvineRenter 

This flipper rode the equity wave then left the bank holding the note as values went down the drain.

14492 GUAMA Ave   Irvine, CA 92606

Irvine Home Address ... 14492 GUAMA Ave Irvine, CA 92606
Resale Home Price ...... $615,000

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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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Agony of Defeat

Nov 3rd, 2009 by IrvineRenter 

Many smug speculators are suffering what Wide World of Sports aptly described as the "Agony of Defeat."

9 TALL OAK Irvine, CA 92603 front 9 TALL OAK Irvine, CA 92603 kitchen

Irvine Home Address ... 9 TALL OAK Irvine, CA 92603
Resale Home Price ...... $649,900

Block Party 11-9-2009

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Posted in Real Estate Owned

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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Break Free

Oct 16th, 2009 by IrvineRenter 

California is the land of free money in real estate. Are we doomed to repeat the cycle? or is the free money gone for good?

52 Freeland Irvine, CA 92602

Irvine Home Address ... 52 Freeland Irvine, CA 92602
Resale Home Price ...... $589,000

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Posted in Real Estate Owned

Alternate Market Price Measurements

Oct 13th, 2009 by IrvineRenter 

The median sales price is a reasonable measure of property values in a market; however, (1) the S&P/Case-Shiller Home Price Index is superior for tracking relative price change and market price direction, and (2) cost per-square-foot is superior for determining what was obtained for the money spent.

99 Alberti Aisle 320 Irvine, CA 92614 front 99 Alberti Aisle 320 Irvine, CA 92614 kitchen 

Irvine Home Address ... 99 Alberti Aisle 320 Irvine, CA 92614
Resale Home Price ...... $239,900

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