Housing Bubble Humor

May 5th, 2007   by IrvineRenter  in News

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Signs of Desperation

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Housing Bubble Mr. Housing Bubble

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Astute Observations

Astute Observation by zovall
2007-05-05 09:45 AM

Ziani does have a ton of units for sale.  I think the original prices may have started in the 500s or 600s in 2003/2004.  I recall seeing some listed for around 1.65mil last year.  That’s just crazy!

Astute Observation by puzzled
2007-05-05 08:27 AM

Can you investigate what is going on at Zani Condo Development in OC, 92657. On Redfin they have 16 units for sale (800-1.3) within a couple of blocks with San Pietro showing 6,15,16,17,18 & 28 all for sale.

Astute Observation by No_Such_Reality
2007-05-05 06:09 AM

Cool, 1400 more apartments right next to the Spectrum.  Rents are so screwed.

Astute Observation by IrvineRenter
2007-05-05 05:24 AM

Interesting news stories:

Irvine OKs housing, retail project near Spectrum
http://www.ocregister.com/ocregister/news/local/irvine/article_1680319.php

New Century gets no bids, lays off 2,000 workers
http://blogs.ocregister.com/mortgage/archives/2007/05/new_century_gets_no_bids_lays.html

Astute Observation by NanoWest
2007-05-05 04:33 AM

Just a note on inventory…...Zip says that the number of houses for sale in OC is around 17,350, just a few hundred houses short of the 17,800 high reached in the fall of last year. I remember someone saying that when we reach 9 months of inventory, we will have a “deep” buyers market. Looks like that day will be here pretty soon.
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