Do high-end properties appreciate at a faster rate than low-end properties? Today’s featured property has appreciated at an 8.3% annual rate since 1973.
Irvine Home Address … 19196 SIERRA ISABELLE Rd Irvine, CA 92603
Resale Home Price …… $1,048,888
{book1}
Diamond Girl – you sure do shine
Glad I found you – glad you’re mine
Oh my love you’re like a precious stone
Part of earth where heaven has rained on
Makes no difference where you are
Day or nighttime you’re like a shinin’ star
Diamond Girl — Seals and Croft
The long-term average appreciation for Irvine is just over 4%, and yet there are homes like this one that have appreciated at 8% for a very long time. How is that?
It is still hugely inflated pricing.
Trees cannot grow to the sky, and it is not possible to continue with a large disparity between appreciation rates at the low end and at the high end. Remember our property from Monday 275 STREAMWOOD Irvine, CA 92620? It went from $56,000 in 1988 to $126,140 now — which is near the historic norm of 4% appreciation in Irvine.
If the foundation of the market — entry-level properties — have only appreciated at 4%, how can high-end properties appreciate at 8%? Ten years from now when that condo is going for $200,000, will properties like today’s be selling for $2,000,000? Isn’t that a bit of a price stretch?
There is nothing but air holding up prices at the high end. I still believe these properties are going to get clobbered.
Irvine Home Address … 19196 SIERRA ISABELLE Rd Irvine, CA 92603
Resale Home Price … $1,048,888 
Income Requirement ……. $194,372
Downpayment Needed … $209,778
Home Purchase Price … $54,000
Home Purchase Date …. 3/15/1973
Net Gain (Loss) ………. $931,955
Percent Change ………. 1842.4%
Annual Appreciation … 8.3%
Mortgage Interest Rate ………. 5.06%
Monthly Mortgage Payment … $4,535
Monthly Cash Outlays ………… $6,060
Monthly Cost of Ownership … $4,590
Property Details for 19196 SIERRA ISABELLE Rd Irvine, CA 92603
Beds 4
Baths 1 full 2 part baths
Size 2,516 sq ft
($417 / sq ft)
Lot Size 5,200 sq ft
Year Built 1972
Days on Market 6
Listing Updated 11/10/2009
MLS Number U9004860
Property Type Single Family, Residential
Community Turtle Rock
Tract Bm
Largest model in the tract – quiet, ‘inside’ location directly facing the big association park, pool & BBQ – 4 bedrooms plus bonus room – recent, tasteful upgrades include lavish use of tiles in baths and kitchen, brand new stall shower & tub, granite kitchen counters, new stovetop, dishwasher & microwave, new neutral carpet & interior paint, textured ceilings, light fixtures, roll-up garage doors and picturesque landscaping (to mention just a few) – viewing deck, newer roof – close to top schools, public parks & tennis -low associaion dues and no Mello-Roos. This turnkey home enjoys the best location in the tract and is ready to move into and enjoy – don’t hesitate on this choice property – for the most discriminating! The home is light,bright, sunny, cheery and super clean – great view of the park, pool and hills from the bonus room! This home has true pride of ownership – a ‘creampuff’!
The property records show no debt on this property, so it is likely owned outright. Not a bad retirement nestegg for somebody….
First let me say that Seals & Croft should be glad they preformed in the pre-video age. Great look for RADIO. Classic song though.
This home always takes me to the “What does a million dollar home look like” question and this one doesn’t have a very good answer. I know we in California are a little (ha) skewed on this one but seriously, is this what a million dollars gets you? This should sell for somewhere between $600-700K. But who knows, maybe some all cash buyer from China will swoop in to save the day. As far as a retirement nest egg, it looks as though the owners have packed up already and headed to the Arizona desert (or Vegas) to pick up a $90K foreclosure.
But it’s a creampuff. That must count for something. Maybe $300k.
Sue, you’re onto something. !
BTW, did anyone read the chapter in Freakonomics where the authors broke down realtor listing jargon? Guess what “!” generally correlated with? Yep, if you guessed “selling below list” you got the prize. A creampuff!
The more exclamation points, the larger the ultimate discount from list price? Do you have a link?
They didn’t break it down in that much detail, just that certain terms in listings tended to cause properties to sell for less than list, and certain terms tended to cause properties to sell for more than list, and “!” was in the first category.
Oh, and no link. This was inside the book Freakonomics (the original, not the recently released sequel).
“What does a million dollar home look like”?
A home that was formerly listed at $2 million, of course.
http://lansner.freedomblogging.com/2009/11/18/broke-actors-oc-cottage-unsold-at-half-off/44657/
“Financially troubled actor Nicolas Cage’s 1913 cottage — just steps from the Newport Pier on the Balboa Peninsula — has been pulled off the market after he dropped the price three times, down from $1.9 million to $995,000.
Cage’s real estate trust paid $1.7 million for the home in December 2006, county records show.”
I lived near two properties he bought over the past decade. It really made me wonder when he was characterized by the media as a savvy real estate investor. This was maybe 2005.
Don’t confuse a rising market with investing skill.
This is not a million dollar house. It is a two hundred thousand dollar house on a eight hundred thousand dollar piece of property. Location, location, location.
Here’s a eight hundred thousand dollar house on a two hundred thousand dollar piece of property:
http://www.redfin.com/CA/Riverside/1461-Ravenswood-Ln-92506/home/5019416
For Sale (MLS-listed)
$949,000
1461 RAVENSWOOD Ln
Riverside, CA 92506
Beds: 5
Baths: 4.5
Sq. Ft.: 5,850
$/Sq. Ft.: $162
Lot Size: 0.69 Acres
Property Type: Residential, Single Family
Style: 3+ Levels, Mediterranean
View: Yes
Year Built: 1990
Community: Riverside
County: Riverside
MLS#: 12126483
Source: i-Tech MLS
Status: Active This listing is for sale and the sellers are accepting offers.
On Redfin: 149 days
Custom Mediterranean Home Built by Neil Hansen * Top Quality Built in 1990 * Features 5850 Sq. Ft. of Lush Living Space * A Near 30,000 Sq. Ft. Flat Lot * Offering 5 Beds 5 Baths * Custom Gourmet kitchen with Cherry Wood Cabinets * Granite Counter-Tops * Chefs Grade Appliances Including Commercial Cooking Range/Oven with Venting Hood * Formal Living Room * Formal Dining Room * Spacious Family Room with Wet Bar * Huge Master Bedroom * Custom Moldings Throughout the Entire Home * Central Vacuum * All Windows Have Alarm Sensors * Office/Library/Study Room * Game Room Down Stairs Leading into a Amazing Resort like Backyard * Huge Pool with Spa * Covered RV Parking * Four Car-Garage * Too Much to Mention This is the Estate you have Been Waiting for!
Or maybe…
http://www.redfin.com/CA/Riverside/1619-Gratton-St-92504/home/5015496
For Sale (MLS-listed)
$987,500
1619 GRATTON
Riverside, CA 92504
Beds: 6
Baths: 3
Sq. Ft.: 4,667
$/Sq. Ft.: $212
Lot Size: 3.77 Acres
Property Type: Residential, Single Family
Style: Two Level, Contemporary
View: City Lights, Hills, Mountain, Trees/Woods
Year Built: 1994
Community: Riverside
County: Riverside
MLS#: I09041140
Source: MRMLS
Status: Active This listing is for sale and the sellers are accepting offers.
On Redfin: 224 days
* Reduced! * Please call occupant and leave a message 1 hour BEFORE SHOWING! An EXTRAORDINARY FIND secluded in the exclusive Riverside Greenbelt area suitable for equestrian or just a Hide-a-way GATED Home of your dreams! A one-of-a-kind elegant home with an awesome view of the mountains and twinkling City lights! 3.77 acres of remote bliss yet convenient to the City and the FWY. This is truly an exquisite home! Double doors lead to the pool/spa and entertainment area. A gourmet chef’s kitchen, spacious living room and entertainment room, huge master bedroom with massive shower, dual sinks, and a huge walkin closet with cedar-lined walls! A great room with fireplace, library, office, and dinning room makes this home a beautiful show place! A corral area and building for horses or a hobby shack! An absolute MUST SEE TO APPRECIATE! Owner retired and moved to Tennessee. Just Show It. .. It will Sell Itself!!!
Cosidering both have been on the market forever, probably both are overpriced to boot. The first comps out, the second doesn’t, although that’s probably not factoring in the large 3.77 acre lot.
My thoughts echo the above. Why, again, is this a $1 million house? 2500sq ft, tiny lot, only one full bath??? Is Turtle Rock THAT nice? I could see, maybe a $100,000 premium over other parts of Irvine, but this seems to be about $300,000 over other neighborhoods. Or am I just jealous because my house apparently isn’t worth that much?
When this house was purchased in 1973, it was valued about 35% over the median ($54,000 paid; $40,000 median). If we take $550,000 * 1.35, the house should be selling at $742,500, and that is assuming the $550,000 median is a good number — which we all know is greatly inflated by historic norms. If interest rates were 9%, the median would be $400,000, and this house would be worth $540,000 to keep it in proportion to the 1973 premium.
I lived in Turtle Rock for several years. It is about the closet to an ideal family neighborhood I have ever seen, or lived in. That said, this isn’t a million dollar house. There are a lot of these three-car garage large homes in the Sierra tracts and to be honest, they are kind of ugly. There are a lot more attractive homes in TR. Again, though, Turtle Rock is a great place, objectively, and there are a lot of people who will pay almost anything to live there. I wouldn’t be surprised if it sold for close to a million. The new owners may then be cruising for a bruising, though.
I lived in TR about 10 years ago just down the street from the profiled house. TR definitely is a nice area (safe, quiet, clean, good schools, centrally located, etc). I’m sure this house will sell close to the listed price because the cheap, easy money is still available. I’ve recently noticed that once again every other commercial on the TV or radio is from a mortgage company. And anybody who bought 10 or 15 years ago in the nice parts of Socal is still sitting on an enormous amount of bubble money, I imagine this is where many of the huge down payments come from.
I’m sure whoever buys this place realizes that there will be little to no appreciation for the next decade…unlike the lottery winning 8.3% appreciation the sellers got for the last 35 years. The laws of math will once again rule the day regardless of who tries to manipulate this market.
Up here in Hollywierd, had you spent 54k on a house in 1973 you could price it at 1M+ currently and have a bidding war.
Then again, that price is so loaded with 8’s (C’mon all you RICH Asian buyers!!!) that it’s bound to sell for far more than asking price.
Isn’t that right Geotpf?
It’s priced very near neighborhod comps, which means that other people have bought similar homes for similar prices recently.
So, yes, it probably will sell for near list.
I’m not saying it makes sense to buy such a house for that much-just that, in the real freaking world, people are willing to pay that much for it, and that’s all that matters.
People here (like you, apparently, with the random call out) have problems when I point out the truth. They blabber on about mega-inflation when we are actually in a deflationary cycle, say that prices will keep falling until 2020 when they are already going back up, etc. You are not entitled to your own reality-wake up and smell the real world.
But that one 4 cancels out all those 8s!
I was wondering about that as well.
U.S. Real Estate Market Getting Worse
“Though I am sure the National Association of Realtors has some statistic indicating that higher real estate prices are “right around the corner” (as they have every single month since before the crash started), real estate is getting worse. Wave 2 of the residential real estate crash is starting on cue and “walking away” from underwater mortgages has reached critical mass.
The “big picture” real estate mortgage situation hasn’t changed. There are some efforts to tinker with what must happen in real estate, but the reality is that the losses are coming and cannot be avoided. The private sector knows this, which is why they are scrambling to stuff all the losses down taxpayers’ throats.
Moving the mortgage paper to the balance sheet of the private, non-federal, for-profit federal reserve (who will hand it off to Uncle Sam at the opportune moment) and to the balance sheets of Fannie, Freddie, Ginnie, Sallie, the FHA, the VA, the FDIC, the PTA (just kidding…), etc. is the swindle of the day. Any public-backed institution available is being crammed to the gills with ticking time bombs. It is a total scam that has already sewn the seeds of devastation for our economy for a decade to come. There is no escaping it at this point – we have already taken the plunge using the public kitty.”
http://money.cnn.com/2009/11/19/real_estate/mortgage_delinquencies_report/index.htm
Of course, Irvine is *special*, right 🙂
Massive inflation is on the way – the path that the government is going down clearly shows that they are willing to do whatever it takes to avoid deflation.
I believe we are in a temporary lag at the moment while the banks are circling the wagons and sitting on the massive liquidity injections given to them.
In the meantime, they are going to lie to us and pretend to care about a strong dollar. I wonder what Obama could have been talking to the Chinese about this week…
I wonder if the US could see a new currency in our lifetime after the rich have all bailed and left us to hold the bag of worthless dollar bills.
I have yet to see a convincing argument against this other than anecdotal evidence of temporary price declines as unemployment rises. Totally temporary.
You have to take a global perspective to understanding why there hasn’t been inflation in the last few years.
As long as the money the government is printing is not getting into the pockets of regular folks you won’t see inflation. The reason why we have such a high unemployment rate is because people in third world countries are doing the same work we used to do for less. Goods from china are still cheap. Services from India are cheap. Food is cheap because of globalization. I remember avocados used to be $1 – 2 a avocado, now they are 3 for a dollar, shipped in from Chile and Mexico. They are not the California avocado anymore.
The reason why Obama is in China is to press the Chinese to float the yuan on the free market so we can have inflation. But, I doubt the Chinese will do that, because now china has to compete with Vietnam, and other third world Asian / South American countries for manufacturing.
But two years ago, when unemployment was less than half than what it is now, we imported just as much stuff from China and India and Mexico. Blaming imports for unemployment doubling is silly.
Oh, and again, currently the worry is deflation, not inflation.
Actually I didn’t blame imports for the unemployment rate. Imports are the reason why we don’t get inflation.
Two years ago we had real estate related jobs, construction, mortgage brokers, etc. Before that we had computer related jobs before those got outsourced.
The reason for the high unemployment rate is because the credit bubble burst and we don’t have the manufacturing jobs that we used to have.
Makes lots of sense!
Floating the yuan would allow the US manufacturing base to be more competitive vis a vis the Chinese. The Chinese don’t want to do this since their industrial policy is to develop their own manufacturing base no matter what the cost. Hence, they are happy to collect treasuries and pretent to be upset about having to do it.
That is not to say that the US wants or needs to manufacture, say, avacodos (the money and water wasted on California agriculture is another is criminal, but that is another topic) or low-end stuff like air conditioners. Holding the yuan down allows the Chinese to do that, when it could be done more efficiently by, say, Mexico. However, the US could have a somewhat more thriving high end manufacturing sector if China acted like a nation of grown ups, and not a tiny enclave with a currency pegged to the USD.
Money and water wasted? Do tell sir!
Anyone who would pay a million dollars for this ugly tract house has more money than brains.
What’s ugly about it? It certainly beats the newer homes that are build too close to each other. I would rather look at my ugly home than have to look at my ugly neighbor every time I looked out my bedroom window.
“Anyone who would pay a million dollars for this ugly tract house has more money than brains.”
You mean like a SC calendar girl?
Had to say it!
(Go Bruins!)
A fellow Bruinite….I’m quite happy 🙂
Don’t you know that all those people who live in Turtle Rock are all better than everyone else in Irvine? I’ve heard rumors that they all defecate without odor (thanks IR).
In all honesty, Turtle Rock is the nicest part of Irvine. Hands down, in my opinion. When I lived there I knew plenty of very nice people. I don’t recall meeting people who thought they were better than anyone else.
Carl
“I’ve heard rumors that they all defecate without odor”.
Amazing! Do they all imbibe only perfume?
:-O
Today’s Calculated Risk highlights a Mortgage Bankers Assoc. (MBA) conference call noting that prime defaults (read; Irvine and similar areas) are just beginning, supporting IrvineRenter’s opinion that “…prices will get clobbered” with the following:
“And a final comment: historically house prices do not bottom until after foreclosure activity peaks in a certain area”.
– would be nice to have an opinion by the MBA on the same subject accompanying any statements by the NAR.
– and, If I may wax nostalgic for a moment: I miss Paul Volcker at the helm of the Fed. He’s on Obama’s economic advisory board. I can only surmise no one is listening to him.
OK, so I live in the Broadmoor.
Why do these owners think their homes are worth a MIL? Simple, the do a comp on other homes the same size.
What their missing is that most homes in the Broadmoor larger than 2500 sq feet have been rebuilt, not just remodeled, and as not comparable.
And, the appraisers tend to be clueless when it comes to rebuilt homes… they’ll use a 60K adjustment when in reality the newer home reflects a 300K investment.
Buyers, of course, are not so fooled. Given a rebuilt home with an effective age of ten years and a freshly painted “cream puff” of 40 years like this one, buyer will always choose the newer home.
But in the meantime, owners of these “cream puffs” think their homes are worth a MIL and dream of some FOB buyer who will pay them for their dreams.
You spelled FCB wrong.
FOB = Fresh Off The Boat…
My humor is lost on the main blog.
I actually think FCBs are more relevant than FOBs.
No, no, you miss the point of my argument.
We have had an influx of new chinese immigrants with money. I believe they’re the ones that are most responsible for the current market.
Those FOBs may become FCBs, but I think they bring enough money with them that they’re not. Irvine is quickly becoming the San Marino of OC.
I mean we got TWO, TWO 99 markets. No other city in the US has two 99 markets to begin with, and both are close to each other.
http://en.wikipedia.org/wiki/99_Ranch_Market
FCB = Foreign Cash Buyer
“chinese immigrants with money” qualifies.
IMO FCB means “foreign central bank” in most financial writing, so IMHO FOB would be a better choice — YMMV.
What with all the REO from MEW and NEG-AM, with NODs to both OO and NOO properties not yet on MLS, the UWOs will soon swamp the FCB (FOB) forces, rendering the NAR forecasts LOL, IMHO…
Well… since FOB is rarely used in financial writing and this is more of a real estate blog, FCB is the more appropriate term… JM2C.
I grew up in the Sierras (aka the Broadmoor tracts), and miss the days when it was just a nice family neighborhood with lots of kids to play with – important for me since I didn’t have any siblings. Now lots of people there (Asian and not) seem more concerned with status acquisition than just creating a friendly neighborhood atmosphere.
After all these years, I’m still having trouble getting used to seeing the Turtle Ridge and Shady Canyon homes on the hills when I go to visit my parents. Back when there were just cows grazing up there, no one much cared what car you drove or if you had granite countertops.
And, back in the day, I was one of the few half-Asian kids in my entire school. Guess that’s not the case these days.
Hi Ocresident. It’s not just in TR – everywhere people with children are concerned with micromanaging their kids’ lives – lessons, study, after-school activities etc. – and kids are in organized activities, not available for neighborhood play. I think it’s got a lot to do with parental panic caused by a concern with education – if the kid can’t get into Harvard she’s doomed! And of course, with decreasing faith in local schools – although this may not hold true in Irvine. It certainly is a problem in my northern cal. neighborhood, where we have massive white and chinese flight from our local public school – which is actually quite a good one!
I think we can probably calculate that a neighborhood where the kids are running around playing is one with lower family incomes. Anyone want to collect data points on this?
“I think we can probably calculate that a neighborhood where the kids are running around playing is one with lower family incomes.”
Nah, the kids are running *away* from gangsters and gunshots 🙂
Yep… my kids are happas themselves.
At Uni they have to compete with FOB children who are taking full AP course loads only to get that 4.7GPA. Forget about what AP is supposed to be about.
My son is doing quite well against that tide of robots. My daughter, however, needs lots of help. She’s simply not able to withstand the robot invasion.
Mind you, I have no issue with Asians, after all my wife is japanese. But I must admit that the FOB Chinese in particular are irking me more and more. They tend to really be into status and image. And they are clueless with the HOA. When I was in the HOA Board (what a depressing thing that was) half our issues were with FOB owners who hadn’t read the rules. OTOH, they would jump when the other fascists told them too… No frickin backbone…
Oh well. Yeah, it’s interesting. When you visit an open house you can always tell if the owners are FOB. I mean, to my Western European/American eyes they really have no taste. Japanese owners, for example, have a beatiful sense of restraint, americans tend to be either rednecks or elegant, and europeans are stylish. American Chinese are fine too. But, the FOB chinese have their Benzes and fine stuff outside, but their homes tend to be a disaster inside.
(Not to say that rich Chinese don’t have taste… I’m sure they do, but they don’t live in Irvine).
And they make our schools a mess.
It’s kind of depressing that the collapse of the housing bubble has apparently driven some of us to resort to racist invective. It’s wonderful that you are able, with your keen sense of style and dignity, to uphold the obviously superior standards of the Japanese, the white Americans, and ABCs, against the relentless tide of FOBs who care about nothing except depriving your daughter of a good education. I am usually the guy defending ‘American values’ against those who (with some justification) asume that white Americans are lazy, fat, and stupid. Your post makes me wonder if I have taken the wrong side.
Dude, it’s not racist in any way. It’s a plain old realist view that even many of my more americanized Twainese friends share.
It was my my kids, in grade school, that first mentioned this to me. After than, I started to notice it more and more.
So, please, get off your Politically Correct stand and open your eyes. This is not racist, this is a fact.
And, btw, those FOB chinese are themselves some of the most racist people I have ever met.
BTW- the real estate “collapse” has not impacted me much at all. I’ve been in my house for 22 years with a full rebuilt ten years ago. If anything, I was able to lower my mortgage payments recently due to the low interest rates. Indeed, the “collapse” plays into my hands because it means that I could “move up” at a lower cost. The 35% drop in values is more for a 1.5MIL home than for a 1.0MIL home….
So, get off your PC high horse.
ok, it’s exaggeration (not exageration).
First of all, don’t call me ‘Dude’.
Second, try going through your screed and replacing the words referring to the ‘FOBs’ with ‘blacks’ or ‘Mexicans’ or ‘Jews’ and we’ll see whether I’m being too politically correct.
Third, no one hates political correctness more than I do — but just because a few of your properly ‘Americanized’ Taiwanese friends (who, by the way, almost certainly wouldn’t want you to refer to them as ‘Taiwanese’) also sneer at the new immigrants — doesn’t give you the right to make massive generalizations.
Fourth, just because your kids bring home predjudices doesn’t mean that you are suppossed to immediately pick them up and repeat them to the world — your the goddamn parent for god’s sake, you are supposed to teach them not to over generalize, not to be one doing it yourself.
Fifth, while anecdotal comments are fine, for you to label the Japanese as tasteful in comparison to those dirty Chinese is pretty offensive.
Sixth, I didn’t really think you were necessarily impacted by the real estate collapse, I was just trying to come up with an excuse for your stupid comments. It really seems to stem more from your concern regarding the increased competition in the schools brought about by the influx of immigrants — which is a good thing, and has also been repeated many times throughout our history. To the extent America has a competitive edge in the world any more, it is due to our immigrants, and specicially the ones from China and India. If your kids can’t compete with that, then that is an issue for your family and your family alone — for society as a whole, the competition is a good thing.
So, finally, don’t accuse me of being politically correct — hiding behind a screen name doesn’t give you the right to spread idiocy, and if you spew BS, expect to get called on it.
Excuuuse me your Highness.
You are launching into an ad hominem attack and tossing strawmen arguments.
This is not about jews, or blacks, or mexicans or indians or nothing.
It’s about the mentality that the FOB chinese are bringing to our schools.
If you can’t deal with that, fine, that’s your problem.
In so far as my kids are concerned, you should apologize and eat your words. My kids are not prejudiced, they’re friends and dates are white, black, indian, persian, chinese, japanese, etc, etc…
My friends are equally diverse.
But you won’t get the world to bury its head in the sand because of your unwilligness to accept the truth. Which, by the way, puts you at odds with the staff at IUSD too.
Indeed, you are the one acting idiotically, because while I provide facts, you engage in a politically correct logically invalid diatribe.
Dude.
One of the most interesting things that I’ve noticed is how people tend to marry within their own race.
Now, since many in my family are in interacials relationships, including me, I take a different viewpoint.
See… the vast majority says they’re not racist, yet they marry within their race, often religion and tend to make friends within their culture.
Newly arrived immigrants tend to congregate within their own groups if they can. It makes their lives easier… and as such they tend to be racist and xenophobic until they get used to the new country. Normally this won’t happen until the next generation.
So, hear this, you gabachos that call me a racist:
I’m from Spain, came to the US before you americans knew that Spaniards are white and that we don’t look like a wetback from Tijuana. My mom and I did not have the benefit of a zillion bunch of Spaniards to provide us support, indeed my step dad was philipino. So, amigos, we made do and befriened everyone regardless of race or creed, even if some people had no clue from what planet we came from.
To top it off my wife is japanese american…
So there, if any of you gabachos calls me a racist, you better check out the glass house you’re living in. Because, I tell ya, if I were a racist I would not have surviced in this country all these years.
Jeez..
Oh, and I called you gabachos instead of hijos de puta or cabrones because I like to make fun of myself.
Something some stuck up personalities with an attitude that comes from the bottom of a pickle jar have no ability to do.
Make fun of yourselves.
Dude..
Anyone of you ever read this?
http://www.askamexican.net/
I love that guy, he knows how to laugh at the world. You all should learn to do that. When you’ve been at the receiving end of racism, you either throw bombs, start revolutions, join the Democratic party -or- deal with it and laugh at the stupid self righteous KKK like clods who are too ignorant to understand otherwise.
ROTFLOL… Zapata.
My “problem”? — I don’t have a problem. I like Irvine because of the schools. You are the one ranting about foreigners.
Given your poor grammar and apparent illiteracy (or is “or nothing” somehow being used ironically?), I am not surprised that your children are having trouble competing in the Irvine public school system.
Ad hominem attacks, huh? I don’t recall callin your ethnic group a race of robots, lacking in any style, whose home are all ‘trash’ (despite the fact that they are more responsible than any group in maintaining your precious home value).
Facts? You haven’t provided any ‘facts’ — you appear to have a few anecdotes that you have enlarged into a wholesale portrait of a group of people you deem inferior. If you intend to provide anecdotes, I suggest your present them as such.
Prejudice is predjudice, bub, if you can’t see that, then you are the one should probably go back to school. For myself, if you represent what Irvine would be like without the “FOB Chinese”, then I’m certainly glad they are around.
yeah, whatever, dude.
No no no, you’ve got it all wrong. That’s a $400K home on a $100K piece of property. There’s still a long way down.
Properties continues to rise,and this a good sign that means real state industry is recovering. Properties always appreciates and never depreciates.
I’m curious about your name: are you a realtor who is gay, a realtor who specializes in gay clients, or a just very happy person?
His link tells all:
http://www.santaclaritagayrealestate.com/