Any signs of a housing bubble in OC, specifically Irvine? (San Diego: neighborhoods, to buy)

[Electrician4you]

Originally Posted by bad debt

FYI it's spelled debt (like my name) and the OP's name is BMW (like the car).

Really dude....you’re gonna turn into the internet spelling police?

[bad debt]

Originally Posted by Electrician4you

Really dude....you’re gonna turn into the internet spelling police?

1) It's an internet forum and 2) for Finper, I certainly am. She needs all the help she can get. Her misspelling of debt is not a typo since she spelled it the same way in the post I linked previously.

[Electrician4you]

Originally Posted by bad debt

1) It's an internet forum and 2) for Finper, I certainly am. She needs all the help she can get. Her misspelling of debt is not a typo since she spelled it the same way in the post I linked previously.

Hey dyslexia hits everyone once in a while. Hell I know I butterfinger my words

Besides it’s a Internet forum. Take it for what it is

[bmw335xi]

Originally Posted by bad debt

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.

Thank you very much, I really appreciate the info!

[bmw335xi]

Originally Posted by Finper

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.

Thank you! Yeah Garden Grove is too rugged for my taste (living wise, I love eating at hole in the walls though). I've been spoiled where I live now in terms of aesthetics. I'll also check out Laguna and Newport too, although I think I'd be priced out... well maybe Laguna Hills would be reachable for me. It doesn't have to be too asian, even 10% is fine.

[bmw335xi]

Originally Posted by brown_dog_us

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.

Yeah the mortgage rates are definitely helping the market. I noticed the delinquency rate and underwater rate is well below the national average, so if the next recession does happen sooner than later, probably won't get impacted as much. Very good information, thank you!

[bmw335xi]

Originally Posted by Finper

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

A quick question lol, what time of the year is the most green or less brown? My parents retired (I'm 32, so very self-sufficient) but I want to bring them with me because they are in their 70s, so I'll force them to come if I have to, but I'd rather them go willingly haha. I'm going to take them with me when I visit in late Dec or early Jan.

[Finper]

Originally Posted by bmw335xi

A quick question lol, what time of the year is the most green or less brown? My parents retired (I'm 32, so very self-sufficient) but I want to bring them with me because they are in their 70s, so I'll force them to come if I have to, but I'd rather them go willingly haha. I'm going to take them with me when I visit in late Dec or early Jan.

Depends on how much rain we get. Some years it stays on the brown side all year. The most greenest time is spring March April May. By June it starts to turn brown again. Last spring we had a lot of rain so there was a poppy flower super bloom. That was really cool until the traffic jams started to the poppy fields. Dec Jan is our "winter". It gets dark early and is the most cold and rainiest.

[bmw335xi]

Originally Posted by Finper

Depends on how much rain we get. Some years it stays on the brown side all year. The most greenest time is spring March April May. By June it starts to turn brown again. Last spring we had a lot of rain so there was a poppy flower super bloom. That was really cool until the traffic jams started to the poppy fields. Dec Jan is our "winter". It gets dark early and is the most cold and rainiest.

Oh ok, good to know! Is Dec/Jan guaranteed to be brown? Also as far as rain goes, if we spend a week, do you think it would rain the majority of the time? I know you can't predict weather, but just your guess based on history, Thanks again for your help!

[Finper]

Originally Posted by bmw335xi

Oh ok, good to know! Is Dec/Jan guaranteed to be brown? Also as far as rain goes, if we spend a week, do you think it would rain the majority of the time? I know you can't predict weather, but just your guess based on history, Thanks again for your help!

Yes Dec Jan will be brown on the hills. There will be green on grass and trees though. Lots of places now have desert landscape and that doesn't turn brown either. Ca is not Florida so it doesn’t rain nearly that much. We’ve had long droughts with barely rain and years with lots. So far this fall not much rain at all.