Irvine Housing Blog

The decor inside is so gauche it almost defies belief.  One room is SoHo modern with safari touches, another looks like the Easter Bunny exploded in it.  Horrid.

Agree, the decor is horrible, and what’s worse, they made it STRUCTURAL.

I’d want to deduct $1.5M from the original distress sale price of $3.35M just to gut the place and start over. All the paneling in the entry and most of the rooms, the screaming modern kitchen and uncomfortable “cutting edge” bath fixtures, the ugly pool deck, would all have to go and then you’d have to build it out to make it look the way you want.

I’m glad I’m not the only one who felt the decor was in bad taste.  And to think the owner paid a designer a small fortune to destroy the house. Actually, it looks like a different designer was hired to do each room without any coordination whatsoever.

it looks like the family from Beetlejuice lives here.

Prices are still clearly above January 2009 in those charts.

Down payments still high in Irvine.

Price per sq ft for single family homes in Irvine is $335.

Only a few months away from 2012.

Weren’t down payments supposed to evaporate by now?

Wasn’t price per sq ft supposed to be $200-250 by now?

What about interest rates, when will they be at 7%,  year 2023?

My Chinese friends just bought a house in Portola Springs for 640,000.  A 2200 sqft townhouse.  They didn’t ask me for advice about the buy or I would have warned them about the garbage dump nearby.

But they really have too much money in China.  The people there don’t believe in their government and need to insure they can keep their money so they invest overseas in Australia, Canada and Irvine.

A lot of the FCB money from China is an insurance policy in case their government goes all communist on them and declares the money in the bank belongs to all Chinese people.

Oh, ye gods.  This is why hipsters should not be allowed to take design courses.  It looks like someone swallowed a Copenhagen store and an IKEA warehouse, and then vomited it all back up inside a pseudo-Tuscan stucco box.

I agree with Laura, except that I’d put the discount at $2M to burn the damn thing to the ground, leave one wall standing, get a homestead loan, and rebuild as necessary.  I’m sure something could be made of that property . . . like an orphanage . . .

Looks like Tim Burton decorated…Irvine Neo-gothika.

You guys are all missing the point of the decor in that house.  It’s for the children (snark).  I would have had a blast growing up in that house.  It’s straight out of a Tim Burton movie.  However, any adult who actually lives in it for a while might need psychotherapy.  Or maybe the owner was a psychiatrist.

Did Santa miss your house the past few years?? Why are you all so negative and catty?  I never bother looking at home photos in this blog but your descriptions got me curious. What could be so vile???
Well, nothing, I found out. That house was so fun to look at and clearly an interesting twist on existing styles. I loved it.  LOVED IT
So much fun, that house.
 
Bunnies and fruit decor aren’t all the rage anymore. It’s okay to update from your 1974 hunter green lazyboys.

The thing poor PR can’t figure out is that these current (though still declining) values are based 100% on these historically low interest rates being projected out to infinity. 

It is only a matter of time until the final, mother of all bubbles bursts (bonds) and interest rates go to 18-20% +, without Fed control (market participants will drive the carriage).  Anyone who buys now will be looking at another 50-70% haircut. 

At that time, buyers will prosper.  You’ll need cash.

Please note, property tax should be approx. $42,240

It’s an inevitability, and always a component of bonds bubbles.  When?  It’s a ticking time bomb.  But there is no dispute people are projecting current low interest rates forever, as The NAR continues to say “Never a better time to buy, with interest rates so low!”  It’s the potent director fallacy at work, live and in color.