Debunking real estate investment

Cornelius Jackson

DEBUNKING REAL ESTATE INVESTMENT MYTHS IN IRVINE: IRVINE IS AN EXPENSIVE PLACE TO BUY REAL ESTATE

Investing in the Irvine real estate market Similar to other markets, the Irvine is not a new concept. Thousands of real housing market is experiencing a massive estate investors flock the Irvine market shortage of homes for sale while the each year looking to invest in it. And some market is flooded with homebuyers of these investors, especially the new chasing the few homes available. ones, come with a lot of misconceptions which may give people the wrong idea According to Realtor.com, the February about Irvine real estate investments, and 2021 median listing price for homes in consequently, triggering some to hold back Irvine was $984,000, flat year-over-year, from walking towards the great path of while the median listing home price per financial independence. One such huge square foot was $516. On the other hand, and common misconception is that “Irvine the median sale home price was $899,000. is an expensive place to buy real estate.” Well, while some might be proponents of Since the onset of the pandemic through this claim, it clearly has no basis. to 2021, most housing markets across the US have been seller’s markets, Irvine Like any other market across the included. Realtor.com also indicates that country, the Irvine real estate market is homes in Irvine sold for “approximately experiencing so much volatility. Home the asking price on average” in February values are shooting up all over the with its sale-to-list price ratio standing at country, and Irvine is not an exception. 99.54%.

Considering the home prices given above, some could argue that Irvine is indeed an expensive place to buy real estate. But, is it really all about prices? It’s definitely not all about home prices. Reasons why Irvine housing market is the best place to buy real estate.

1. SAFETY.

Irvine is ranked number 2 in the US as the safest city in the country. This can be majorly attributed to its professional housing planned developments built and managed by one of the country’s reputable companies known as Irvine Company. Irvine also features several gated communities and professionally-managed homeowner’s associations that offer a secure living space.

2. EDUCATIONAL SYSTEM.

Irvine ranks among the elite educational systems in the country with its public schools and the Irvine Unified School District being among the highest ranking in the country.

Irvine is also home to the University of

California (UCI), California State and Irvine

Valley College, and Concordia University, and about 22 award winning top ranked elementary schools.

3. STRONG AND GROWING HOUSING

VALUES.

Irvine housing market has continually appreciated in value and held strong during the last two recessions like no other city or community in the US. This has made Irvine reasonably high in demand and financially sound to home buyers, renters, and investors. Consequently, the Irvine housing market continues to improve across all communities in the Irvine area.

4. A WIDE RANGE OF HOUSING

AFFORDABILITY.

For those arguing that the Irvine housing market is an expensive place, they’re probably missing out on one thing— the

Irvine market features a wide range of housing affordability. This means that you can afford to buy a house in Irvine no matter what your budget is. And the beauty of this is that even if you buy a house for as low as $300,000, you’ll still get to enjoy all the great living benefits and amenities offered by

Irvine to its residents.

If you were looking to buy real estate in the Irvine market, don’t let some myths come between you and your aim of achieving financial independence and living the American dream.

Work cited.

https://www.realtor.com/realestateandhomes-search/ Irvine_CA/overview. http://www.irvinerealestate.com/.