Any increase in pricing brings delusional sellers out of hiding. They put their properties on the market at WTF price levels and hope to hit the lottery.
Asking Price: $1,149,000
Address: 12 Inglenook, Irvine, CA 92602
There was a crooked man and he walked a crooked mile,
He found a crooked sixpence upon a crooked stile.
He bought a crooked cat, which caught a crooked mouse.
And they all lived together in a little crooked house
Asking Price: $679,900
Address: 4 Del Italia, Irvine, CA 92614
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You don’t need a realtor to sell property. If you know how to market and negotiate, you can do most of the work yourself; however, if you are not skilled in these areas, perhaps a little help might be in order.
Asking Price: $440,000
Address: 3 Camphor S, Irvine, CA 92612
Check out an interview with me at Matt Padilla’s blog, Foreclosure is the ‘cure’.
Read the rest of this entry »I am always amazed at the asking prices in Turtle Ridge. There are REOs and defaults everywhere and prices rolling back under $1,000,000 on high end properties, and yet there are owners like today’s who think their properties have appreciated 40% since they bought at the peak in 2006. WTF?
Asking Price: $2,688,000
Address: 28 Woods Trail, Irvine, CA 92603
BTW, Kelli Hart has an interesting post at South Coast Homes on the house in San Clemente falling off a cliff, and Matt Padilla has a great post on the impact of HELOC abuse on the foreclosure market. Check them out.
Read the rest of this entry »Prices are still falling, and wise owners with equity are getting out while there is still some bubble equity left. There are not many of these people, but their movement against the masses of the kool aid intoxicated will give them greater profits than those that “wait and see.”
Asking Price: $299,567
Address: 119 Fallingstar, Irvine, CA 92614
One advantage of a big house is entertaining guests in a fancy ballroom. When buyers wonder why the asking price is so high, owners can say, “because I have big balls.”
Asking Price: $1,998,518
Address: 5 New Dawn, Irvine, CA 92620
BTW, if you want to see some of the biggest balls in Orange County, check out the new Coto Housing Blog, and check out this HELOC abuse case in San Clemente.
Read the rest of this entry »Turtle Ridge is the only place in America where people actually believe their properties have appreciated 60% since late 2004. The sun is shining on Shady Lane.
Asking Price: $2,200,000
Address: 27 Shady Lane, Irvine, CA 92603
My guest blogging at Irvine Homes continues with Irvine neighborhood profile: University Park.
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