CalHFA implements $2 billion ‘Loan Owner Welfare California’ initiative

Feb 11th, 2011  
by IrvineRenter  in Library News

Astute Observations

Astute Observation by mmatyas
2011-02-11 08:05 AM

Yay! I get to help pay other people’s mortgages so it keeps home prices over inflated and I can’t buy a reasonably priced home.  I’m so excited!

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Astute Observation by awgee
2011-02-11 08:46 AM

Every time you I hear somebody say that Ron Paul or libertarians are not viable candidates and that they are too radical, I realize that the condition described above by IR is exactly what the people have voted for.  And the people will continue to get exactly what they have voted for.

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Astute Observation by matt138
2011-02-11 01:21 PM

http://www.youtube.com/watch?v=1AzdQNKkonc

hope this helps!

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Astute Observation by tenmagnet
2011-02-11 11:03 AM

“Impressive Custom Showplace!”
This throwback from the ‘70s is a complete farce

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Astute Observation by wheresthebeef
2011-02-11 02:53 PM

Are you saying this baby isn’t worth 700K?  This IS Irvine after all.  You are paying for the land, schools, safety and most importantly it’s for the children!!!  How dare you be so superficial.

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Astute Observation by irvine_home_owner
2011-02-11 03:06 PM

In other news, The Irvine Company is opening up their 2011 new home developments, Stonegate and Laguna Altura.

Both are debuting 4 neighborhoods (a mix of townhome, detached condo and SFR) and while Stonegate ranges from mid $300k to $800k, Laguna Altura (a gated community) starts at $600k and ends up over $1mil.

And they are all being built by Irvine Pacific (AKA The Irvine Company). Along with new tracts in Portola Springs and Woodbury, I really don’t know how they can move all this product. I hope this will soften prices… but then again… I had hoped that when they opened the 2010 Collection in Woodbury, where instead they sold through it all, raised prices and built more.

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Astute Observation by tenmagnet
2011-02-11 03:59 PM

Another bold move by TIC.
To their credit, new home sales are lagging just about everywhere else but Irvine.
New construction has ground to a halt in other areas due to the large numbers of foreclosures and depressed prices.
Yet, here’s TIC rolling out more and more supply to meet all the pent-up Irvine demand.
We’ll see how it plays out.

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Astute Observation by irvine_home_owner
2011-02-11 11:03 PM

And I forgot to mention Cypress Village… AKA Woodbury South.

Seems like a lot of homes considering existing new homes are being put on the MLS by the builders (which usually indicates a slow down).

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Astute Observation by Joe
2011-02-14 08:34 PM

Indeed, this “Keep Your Home California” program is the worst kind of socialism as the government picks who is worthy of help and who is not.  You can make up to $124K in santa clara county and still get up to $50k in principal reduction, thanks to your hard working, taxpaying, fellow citizen renters.  I really don’t know why renters are not in the street? are they just so ingorant?  Are they just so dumbed down by TV, drugs, internet, video games?

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