Irvine Housing Blog

*that* is a spacious, open kitchen??? I’d hate to see one that’s narrow and crowded…

This is truly a sad story when simple working class people got sucked into the euphoria of the housing bubble. And then you think of the blood sucking parasites like the realtors and mortgage brokers that cleaned up and are still at it to this day waiting to find some other poor suckers that they can glean off some more money that other people earned. Next time you close escrow on a house purchase just look at the closing statement and just add up all of the fees and costs that are siphoned off of your equity that you sweat-ed over to build. The whole blood sucking industry makes me want to puke.

Well, they probably got the $135,800 from the sale of a previous house.
They decided to let it ride…

LOL!  I always laughed when ever I saw that commercial. It does do a great job in proving your point a while back on the (overly sensitive) issue dealing with the “female” emotion in buying.  Not to mention the countless number of “spineless” men who cave into these poor emotional motivated decisions.

Suzanne researched this?  Well heck, sign me up.

Chase/WaMu had better water the lawn….

When we were buying a home in 1997 we had the same pitch spewed to us about buying a bigger house than we could afford.
We went back to our then present home, crunched our own numbers and decided to pass. We do not regret it.
When we did buy, WE were the ones who told THEM what we could afford, not the other way around. That’s how you buy a house. It’s your money, your credit rating, and your sleep to lose so YOU dictate what you can comfortably afford.
I tell any one I see who mentions buying a house to not trust anyone in the transaction except themselves and to second guess even that person and their real motives. It has saved at least 4 people from buying an over priced house at the wrong time.

15% off of 2004, and it is still not worth it. A person willing to settle for a cramped quarters like this might be willing to pay for a toll road transponder, and move to the other side of the hill where houses can be had for $75 sq ft. Do banks know what is going on in Corona and Riverside?

IR,

I was very much interested in buying this house at 575k just in April. But my realtor did his “research” and told me that there were already several offers for 599k. What changed then that none of those offers were accepted, and the asking price was pulled down? Any idea?

PS: My new realtor is very professional. Not like my previous one from First Team also who said everything I offered was low, nothing in Irvine would sell below asking price, and there were always full asking price offers on the property.

CZ

IR

Thanks so much for finding this quintessential commercial.

It repulsed me when I saw it when it originally aired.

It plays to so many levels.  The uber-competitveness of women - something far too many men undersestimate.  The female desperation to be in a certain school district.  I always wonder if it is the the quality of the schools or the cache of “being” in a good school district versus the shame of being an . . . untouchable . . and associating with . . . them.

The husband . . being a . . . good man/father/husband . . . making the sacrifice . .. for the kids future . . by moving up.

Very soon .... it will become family lore throughout the US how some parents saved the family from fiscal crisis by NOT moving to the bigger house or the newer neighborhood.

Jesus save us from ourselves

Lite Brite makin things light-i-iteeee, Lite Brite making things wit Lite Brite

LOL IR, man you are dating yo self.

Now if you post of a pic of Perfection, Stratego or Operation, I’m gonna faint.

Please don’t feel sorry for these people, I have information from a source that lives in the area, these buyers were SPEC’s and this was their THIRD house! Yes they put a large down, but also took out a HELOC, they got their money back.  As far as blaming the realtards and banks, they can not hurt you if you don’t let them, there is no excuse for people’s greed.  For these people, the music stopped and they didn’t get a chair.

I think somebody ran a little marijuana grow op in that one bedroom there, 7th photo in the listing. Black mold in the corners, lots of wear on the carpet, and a big circle cut out of the left wall for the exhaust hose from the fans.

I don’t know what’s worse—the utter stupidity of anyone who could fall for that commercial, or the misogyny displayed here by many posters.

For the record, I stayed well away from the CA housing bubble.  My brother not only bought a townhome in Pasadena, he also bought a home in a new development near Carefree Highway in AZ.  He lost over $30,000 selling the townhome in Pasadena.  The equity burn on the Carefree home has taken the $45,000 he put down there.  And all because, as he insisted to me from 1999 onward, “only idiots rent.”

Well, now he gets to discover the joys of filing Chapter 11, and I get my nice little nest egg for a future, sane home purchase.

That commercial is horrible.  I’ve never seen it before.  Just makes out the wife to be shallow and manipulative and the husband to be this poor schmuck victim of the wifey and the female real estate agent.  yuk.

Hahaha.  IRs book ranking on Amazon is dropping faster than the national housing market.  Lost over 2000 spots in just under 5 hours.  Ahh.. Shadenfreude.

It’s easy to say that many people don’t “deserve” to buy, but it would be better to leave the word “deserve”, out of discussions as to whether you should buy.

Face it, many of us will not get what we “deserve”, and others will get things they don’t deserve- like, say, the bill for the malfeasance and fraud and lunacy of a rampage that they themselves did not participate in and did not profit from. Others will get undeserved 7-digit salaries for being talking heads on CNBC and promoting this sort of lunacy.

To keep a level head when approaching the decision to buy a house, it would be better to use words like “appropriate” or “suitable”. There are many people who “deserve” to own by virtue of their thrift and discipline, for whom ownership would be unsuitable because they can’t handle things like maintenance or the constant worry of it.

Before you figure you “deserve” to own, you better figure whether or not you “deserve” a monster debt load on an oversized dwelling that will be a drain on your energy and resources as long as you own it, and then you might figure that what is really good for you is the ease and flexibility of renting.