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Latest REOs
- $349,900 :: 10 Greenleaf 16, Irvine CA, 92604
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$375 is more likely.
> 10 million more mortgage delinquencies to come
I’m enjoying watching this bloodsport from the sidelines.
Americans have figured out that the economy can’t just function by selling each other houses.
Now they get to learn that they can’t just sell each other services.
Beware house prices ... look out below.
The “custom cherry wood cabinets” are apparently special enough to mention twice, but better yet are the three private bedrooms. Way better than those public bedrooms you get with less gorgeous and stunning houses.
Irvine, a city of pretenders. Good riddance. In 10 years this city will look like little Bangalore/Shanghai/Seoul. When the population hits 500,000, we’ll see how high the API scores will be for the “public” schools in the city. It will take you half an hour to get from Irvine Blvd to Alton, and, it will take just as long to find a parking spot to shop at Ralphs.
But that’s okay the sheep will think, “At least I live in a 1,500 sqft condo in Quail Hill on a motorcourt. My pride and joy!”
Irvine Blvd. and Alton actually intersect.
There already is no 4th floor in Hoag Hospital, chinese consider the number “4” badluck.
Irvine will *not* be dominated by ANY ethnicity other than the color GREEN. It’s amazing the FAIR treatment you get when you are green.
“There already is no 4th floor in Hoag Hospital, chinese consider the number “4” badluck.”
Seriously? I need to check that out… so do they have 2 8th floors?
Actually, if my memory serves me right, “8” is considered good luck and many houses are listed with 8’s in them to help the sale. There should be a few people in the real estate business around here to confirm that.
Yes, even as a modern society superstitions still thrive.
Yes, I see them listed at 689,888. The three 8 are magic to the Chinese types. The round eye people list their homes with the triple 8 to pray upon the superstitions of backward simple people.
To me it’s all irrelevant anyway. I don’t hang out with the peasants north of the 405. They frighten me with their lack of disposable income.
hah, I was so confused by this statement.
Then I realized that you must be talking about the new Irvine satellite, not presby, ocean view site
The government shouldn’t do a darn thing. Housing is vastly inflated, and even though I’ll lose my 20% down and more, the prices should drop, and drop alot.
Owning a home shouldn’t be tantamount to slavery. If wages are lowering (and they are), home prices should be lowering (but they aren’t in “upscale” neighborhoods).
I look forward to the millions of defaults, and I’ll probably be one of them, but these prices need to fall so the next generations can have a home to raise families in.
I expect the average SFR in Orange County to hit $200,000 in the next 10 years.
When was the last time OC SFR prices were $200,000?
This brings me back to the “normal” line where prices always increase because of inflation… why would they decrease?
Those are like 1996 prices for a 3/2 SFR in Irvine… and if prices do get that low, that means either a nuke dropped or zombies are loose… which actually would mean houses are worth nothing.
Well, notice he said a SFR in OC. That’s not just Irvine, he could say he meant Santana or Mission Pendejo. I’ve seen places in Fake Forest going for low $300’s, but I’m not super active watching prices. However, I do not think Irvine will drop that low…ever again.
The older areas in Irvine tend have bigger lots. I think there are a few areas that do not have HOA fees at all. California Homes and Peppertree?
Old Turtle Rock has always been my favorite part of Irvine, before all that nonsense that Newport Coast development brought about.
You should also expect to lose your income and your spouse’s should this scenario occur…
I also expect home prices in OC to drop, but $200K is too low, IMHO. Especially with low interest rates.
As it is, for a $200K home, your monthly nut is around $1,200, and that includes taxes, HOA fees, etc. If the average home buying family in OC is only able to afford $1,200 per month, we’d probably be in a depression, selling apples on the corner.
If Irvine housing prices aren’t increasing at 25% a year it’s simply un-American. Why do you hate freedom?
What if the government lowers the depreciation time to 10 years on rentals? This would attact investors to buy up inventory.
I. R. Your fan base is not paying attention. I can’t beleive that at 3:00 I’m the first one to point out “stainless steal”! This house has everything that an OC realtor adores. Beautiful wood laminate floors (plywood with formica printed to look like wood, in little slats). And who doesn’t just despise those cheap hard to clean granite counters. Nope, only “easy to clean” granite for me. A stunning custom redwood fence and gate (apparently the original builder grade stuff melts in oh about 34 years or so). Also an oversized two car garage, ( Are cars bigger in the OC?) I’m not sure, but I think that neutral colors and stamped concrete are the rarest of features, that make this proper truly unique.
I was walking through my neighborhood with my brother in law who is remodling the family home. I specifically pointed out what I think is the most glaring and needless “luxury” add-on, leaded glass front doors. This place truly has it all.
I clicked by the local news here in Los Angeles yesterday (NBC, 5pm) and guess what the story headline was, complete with graphic?
“Housing Rebound”.
I was interested to see how they could substantiate this. The anchors started with “record low interest rates”, then cut to a field reporter…
...who interviewed some guy on a couch in his apartment who thought that “now was a good time to buy”.
I didn’t stick around for more.
What’s going on here?
Were these people sick the day they taught journalism in Journalism School?