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Old 11-06-2019, 12:39 PM
 
Location: US
24,158 posts, read 24,769,311 times
Reputation: 19333

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Quote:
Originally Posted by Finper View Post
OC real estate has been flat for going on 2 years. My neighbor tried to sell his beautiful house in the hills for just over a million for 6 months and couldn't do it. He's wealthy so just took it off the market and will keep it for a while. Everything I've read about our RE says more of the same next year. It might be a good time to buy now but we have a idiot liberal for gov so you never know what he's going to do next. He could singularly crash our RE in Ca

Good to know about the price being flat. I did notice average days on market was longer than I thought it would be given California's real estate market. Are there any other areas you'd recommend to search anywhere from Orange County to San Diego? Thanks!
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Old 11-06-2019, 12:53 PM
 
18,174 posts, read 14,833,195 times
Reputation: 9313
Quote:
Originally Posted by bmw335xi View Post
Good to know about the price being flat. I did notice average days on market was longer than I thought it would be given California's real estate market. Are there any other areas you'd recommend to search anywhere from Orange County to San Diego? Thanks!
Southern California’s median home price hit an all-time high last month even as home sales fell to the lowest level for a June in five years.
https://www.ocregister.com/2019/07/2...e-sales-slump/


Irvine has a minimal shrinkage.


Irvine Real Estate Market Forecasts 2019 & 2020

The real estate data from Zillow shows that the median home value in Irvine is $851,100. Irvine home values have declined -1.9% over the past year and their Irvine real estate market prediction is that the prices will fall -1.5% within the next year. The median list price per square foot in Irvine is $489, which is higher than the Los Angeles-Long Beach-Anaheim Metro average of $439.
Irvine Real Estate Market Trends And Forecasts 2019
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Old 11-06-2019, 01:16 PM
 
Location: US
24,158 posts, read 24,769,311 times
Reputation: 19333
Quote:
Originally Posted by Axxlrod View Post
I guess the OP likes paying taxes and wants to pay more.

I don't actually lol it was one of the reasons I moved out of San Francisco, but not the main reason (weather, disliking condo life, etc).

I'm at the stage now where I'll soon be getting married and then starting a family later on. I'm half-asian and grew up mostly in areas with very little asian populations and while I didn't experience bullying or overt racism, I wish there were others who eat the same food at home as me and just little things like that where I wouldn't feel embarrassed because they think it's weird. My girlfriend is 100% asian, so our kids are going to be asian as **** look-wise anyways lol.

I also want to have more dining options and shopping options when it comes to Chinese/Korean/Japanese etc. Orlando has options, but it's nowhere near the same level and variety that you find in many areas in California. I really like the vibe where I live in Orlando, which is one of the reasons I like Irvine, it has a similar feeling to me anyways.

With that being said, while taxes, gas and fees are higher there. Orlando has been pretty good to me financially, so I now drive a Tesla (so $5 gas won't apply to me) and while there is no state income tax here, you have your a/c running most of the year and you have your in-ground sprinklers running twice a week, so I'm paying on average $300-$500 per month between water and electric. Homeowners insurance is really high here... paying around $300 month. Pest control around $30 month. Lawn fertilizer company $60 month. Termite bond around $20 month. Landscaping $130 month. Pool service $95 month. Well anyways, you get the point. My overall expenses went up when I moved from SF to Orlando, but then again I went from a 800 sqft condo to a 3.2k sqft house on 1/2 acre when I first moved.
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Old 11-06-2019, 01:26 PM
 
Location: US
24,158 posts, read 24,769,311 times
Reputation: 19333
Quote:
Originally Posted by expatCA View Post
Southern California’s median home price hit an all-time high last month even as home sales fell to the lowest level for a June in five years.
https://www.ocregister.com/2019/07/2...e-sales-slump/


Irvine has a minimal shrinkage.


Irvine Real Estate Market Forecasts 2019 & 2020

The real estate data from Zillow shows that the median home value in Irvine is $851,100. Irvine home values have declined -1.9% over the past year and their Irvine real estate market prediction is that the prices will fall -1.5% within the next year. The median list price per square foot in Irvine is $489, which is higher than the Los Angeles-Long Beach-Anaheim Metro average of $439.
Irvine Real Estate Market Trends And Forecasts 2019

Thank you! Good to know. I think 2020 will be a good year overall. However, 2021 I'm not sure. This has been a long bullish market.
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Old 11-06-2019, 02:10 PM
 
854 posts, read 411,216 times
Reputation: 1120
Quote:
Originally Posted by bmw335xi View Post
Good to know about the price being flat. I did notice average days on market was longer than I thought it would be given California's real estate market. Are there any other areas you'd
recommend to search anywhere from Orange County to San Diego? Thanks!
OC median price in October 2017 was ~688K. October 2019 median price is ~727K which is a 5.7% increase over that time frame. It peaked around Dec 2018/January 2019 at ~728K and then dropped to the local minimum of ~721K in July 2019 before trending upwards again.

Moderator cut: personal attack

Last edited by Count David; 11-12-2019 at 12:44 PM.. Reason: personal attack
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Old 11-06-2019, 04:31 PM
 
Location: Ca expat loving Idaho
5,105 posts, read 3,568,616 times
Reputation: 7885
Quote:
Originally Posted by bmw335xi View Post
Good to know about the price being flat. I did notice average days on market was longer than I thought it would be given California's real estate market. Are there any other areas you'd recommend to search anywhere from Orange County to San Diego? Thanks!
Garden Grove has a huge Vietnamese population but GG is more of a working class city. A lot older and not as nice as Irvine. You can go to the Pho restaurants there though they have great reputations. If you want upscale Asian Irvine is it for you. A lot of south county and Newport bch and Laguna are very nice upscale areas but not nearly as Asian. I don't know much about San Diego sorry.
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Old 11-06-2019, 06:41 PM
 
2,289 posts, read 2,688,807 times
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My spouse almost gets transfered to Irvine semi annually (slight exageration), so I keep an eye on the market. Plus I've spent my adult life in real estate. I've been following the coastal areas from Laguna Beach to San Clemente, so a little different than Irvine.

Last year at this time there were some real bargains out there as inventory grew and owners took low balls. This year there are very few good deals because the mortgage rate dip over the summer cleared them out.

I've bought and sold twice in FL taking advantage of the boom bust cycle, and the Southern California cycle doesn't appear to have as big of a swing. Often it's rise, flat, rise, flat, etc. Right now everything is flat. Because of the limitation of property tax hikes it's a good time to buy and hold for a loooong time.

Irvine is becoming more and more the white color hub of the southern end of the LA metro, so I think the real estate won't crash. Also, housing can't sprawl farther south because of Camp Pendelton, so supply of new homes (competition) is somewhat limited.

I hope that helps.
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Old 11-07-2019, 05:07 PM
 
371 posts, read 774,755 times
Reputation: 616
In today's paper: http://https://www.ocregister.com/2019/11/07/southern-california-house-hunters-face-biggest-drop-in-supply-in-7-years/?utm_content=fb-ocregister&utm_medium=social&utm_source=facebook.c om&utm_campaign=socialflow&fbclid=IwAR2cGJBTklrAdD 3ej2pNx-0MWeCwizA0_1sIDRvLaKNSgAj82AIFs1fUWkg

"A slow and worrisome start to 2019, highlighted by a rush of owners to list homes for sale, has been followed by a brisk reversal to more normal market conditions and a rebound in homebuying."

No imminent signs of a bubble or collapse.
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Old 11-07-2019, 06:00 PM
 
Location: Ca expat loving Idaho
5,105 posts, read 3,568,616 times
Reputation: 7885
Quote:
Originally Posted by bad debt View Post
I am only disclosing what you yourself have said in the past. If the business was a whopping success you wouldn't be posting this and wouldn't be in credit card debt.
You didn't include the reason I posted that seeking advice in the investment forum is I inherited 54000.00 and wanted to know the best way to pay off dept and invest the rest. Which I have since done. I inherited the business and I'm moving so selling it to my employee for a large sum of money and the reason I'm interested in real estate is I'm selling my condo next spring and will be getting a lot of equity.

So ask away BMX I've lived in OC for most of my life and have seen it all.

Last edited by Finper; 11-07-2019 at 06:42 PM..
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Old 11-07-2019, 06:09 PM
 
854 posts, read 411,216 times
Reputation: 1120
Quote:
Originally Posted by Finper View Post
You didn't include the reason I posted that seeking advice is I inherited 54000.00 and wanted to know the best way to pay off dept and invest the rest. Which I have since done. I inherited the business and I'm moving so selling it to my employee for a large sum of money and the reason I'm interested in real estate is I'm selling my condo next spring and will be getting a lot of equity.

So ask away BMX I've lived in OC for most of my life and have seen it all.
FYI it's spelled debt (like my name) and the OP's name is BMW (like the car).
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