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.

Irvine Home Address ... 108 TIMBERWOOD Irvine, CA 92620
Resale Home Price ...... $399,000
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This flipper rode the equity wave then left the bank holding the note as values went down the drain.

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

Irvine Home Address ... 275 STREAMWOOD Irvine, CA 92620
Resale Home Price ...... $126,140
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Many smug speculators are suffering what Wide World of Sports aptly described as the "Agony of Defeat."

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

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

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

Irvine Home Address ... 52 Freeland Irvine, CA 92602
Resale Home Price ...... $589,000
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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.
Irvine Home Address ... 99 Alberti Aisle 320 Irvine, CA 92614
Resale Home Price ...... $239,900
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