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How to Lose $1,100,000 in Irvine Real Estate

Jul 12th, 2010 by IrvineRenter 

A recent trustee sale in the North Korea towers sets a new standard for housing bubble losses in Irvine: $1,099,400. Perhaps Irvine isn't such a safe haven after all.

North Korea at NightMarquee at Park Place at Night

Irvine Home Address ... 3131 MICHELSON Dr #1702 Irvine, CA 92612
Trustee Sale Price ...... $653,100
 

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Free Wine, Food and Gifts Plus a Tour of an Epic Real Estate Disaster

Feb 11th, 2010 by IrvineRenter 

Astoria Central Park West begins liquidation sales today with a big event for the public from 6 to 9 PM. They are featuring wine tasting, cocktails, hors d'oeuvres, desserts and gift bags as well as tours of model units.

Astoria front

Irvine Home Address ... 401 Rockefeller, Irvine, CA 92612
Resale Home Price ...... $400,000+?

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Irvine Home Improvements Show No Bounds

Jan 28th, 2010 by IrvineRenter 

Today we have another over-improved property bought at the peak. Properties like these will rival the North Korea towers for the most foolish investments during the bubble.

15332 MONTPELLIER Ave Irvine, CA 92604 front 1 15332 MONTPELLIER Ave Irvine, CA 92604 front 2

Irvine Home Address ... 15332 MONTPELLIER Ave Irvine, CA 92604
Resale Home Price ...... $1,250,000

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Beacon Economics 2010 Orange County Forecast

Jan 19th, 2010 by IrvineRenter 

Christopher Thornberg, principal of Beacon Economics, delivered the Beacon Economics 2010 Orange County Forecast. I attended, and I report to you today.

6002 SIERRA SIENA Rd Irvine, CA 92603 front 6002 SIERRA SIENA Rd Irvine, CA 92603 kitchen

Irvine Home Address ... 6002 SIERRA SIENA Rd Irvine, CA 92603
Resale Home Price ...... $899,900

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Superadequacy

Oct 9th, 2009 by IrvineRenter 

When a property is improved beyond what is needed and little value is added, it is called superadaquacy.

1 Whitney Irvine, CA 92620 front 1 Whitney Irvine, CA 92620 kitchen

Address: 1 Whitney Irvine, CA 92620
Asking Price: $1,190,000

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