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Old 09-24-2014, 12:03 PM
 
Location: Campbell CA
545 posts, read 639,281 times
Reputation: 285

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Quote:
Originally Posted by pacific2 View Post
Boost your family income if you plan to move here!

You can most definitely make it short-term on 90K with budgeting, but the long-term housing trend is not in your favor unless you and your wife can eventually bring in more moola.
Short-term I will be single provider but long term my wife would also work. Ideally, we would like to be in the 150+ range. As I mentioned on my other post, my position looks to have steady growth potential.
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Old 09-24-2014, 12:19 PM
 
Location: Aliso Viejo, Orange County, CA
4,971 posts, read 6,373,831 times
Reputation: 4090
Quote:
Originally Posted by pjnugget View Post
Short-term I will be single provider but long term my wife would also work. Ideally, we would like to be in the 150+ range. As I mentioned on my other post, my position looks to have steady growth potential.
I'm sorry, you did say that. FWIW, my suggestion, and I am no RE expert, is to buy a small condo and move into a larger home once things improve financially.

250K/1bd/2.5bth/822sq ft in Laguna Niguel
https://www.redfin.com/CA/Laguna-Niguel/14-Pearl-92677/unit-206/home/5683562

250K/2bd/2bth/847 sq ft in RSM
https://www.redfin.com/CA/Rancho-San...4/home/5416999

239K/2bd/1bth/650 sq ft in RSM
https://www.redfin.com/CA/Rancho-San...8/home/5224285

250K/2bd/1bth/790 sq ft in MV
https://www.redfin.com/CA/Mission-Vi...4/home/5725570

Last edited by pacific2; 09-24-2014 at 12:33 PM..
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Old 09-24-2014, 12:34 PM
 
Location: Campbell CA
545 posts, read 639,281 times
Reputation: 285
Quote:
Originally Posted by pacific2 View Post
I'm sorry, you did say that. FWIW, my suggestion, and I am no RE expert, is to buy a small condo and move into a larger home once things improve financially.

250K/2bd/2bth/847 sq ft in RSM
https://www.redfin.com/CA/Rancho-San...4/home/5416999

239K/2bd/1bth/650 sq ft in RSM
https://www.redfin.com/CA/Rancho-San...8/home/5224285

250K/2bd/1bth/790 sq ft in MV
https://www.redfin.com/CA/Mission-Vi...4/home/5725570

250K/1bd/2,5bth/822sq ft in Laguna Niguel
https://www.redfin.com/CA/Laguna-Nig...6/home/5683562

No need to be sorry, all good

Yeah, I agree...if I do get the position, would love to buy a condo and upgrade when needed...but I'm afraid to jump on a condo not knowing the area well...that's why I think we wanted to rent for 1-2 years...and get a feel for everything before we decide to buy.

The condos listed above are all in good areas? are there even "bad" areas in RSM, MV, AV or LN?
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Old 09-24-2014, 12:52 PM
 
Location: Aliso Viejo, Orange County, CA
4,971 posts, read 6,373,831 times
Reputation: 4090
There is a very tiny and old immigrant working-class area in AV near Laguna Hills, but I suspect that the area is being "gentrified" since the homes, detached condos, are being grabbed up. That section of AV protrudes like a branch from the rest of the city and looks like it might be part of LH.

just to show you are things are going, I set the Redfin filter at a max of 250k and nothing, not even that area, appeared for Aliso.

I believe that MV and LN may also have some lower income, mostly immigrant housing areas, maybe apartments, as well. I don't know about RSM in that regard.

As far as I know, all of the places I listed are fine.

BTW, I can understand the strategy of waiting until you know the area better, but, if I were in your shoes, I would visit and then buy since all of the cities listed are well-regarded and safe with good schools. Rents are just a waste since they are so high and will probably go even higher.

Of course, one strategy to use if you do decide to visit and buy, is to ask on C-D for feedback about the development under consideration.

Last edited by pacific2; 09-24-2014 at 01:06 PM..
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Old 09-24-2014, 01:47 PM
 
117 posts, read 179,098 times
Reputation: 86
That bad area of AV is the single story condos next to Iglesia Park. It's not being gentrified. Still lots of immigrants piled into one unit and more cars than street parking is available. stay away from that area and you are golden. Kids from that area go to Laguna Hills high school. So if you buy in Aliso Viejo, make sure your property is assigned to Aliso viejo High school and not Laguna Hills high. With that said, Laguna Hills high school is still a pretty good school.
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Old 09-24-2014, 02:27 PM
 
Location: Campbell CA
545 posts, read 639,281 times
Reputation: 285
Quote:
Originally Posted by pacific2 View Post
There is a very tiny and old immigrant working-class area in AV near Laguna Hills, but I suspect that the area is being "gentrified" since the homes, detached condos, are being grabbed up. That section of AV protrudes like a branch from the rest of the city and looks like it might be part of LH.

just to show you are things are going, I set the Redfin filter at a max of 250k and nothing, not even that area, appeared for Aliso.

I believe that MV and LN may also have some lower income, mostly immigrant housing areas, maybe apartments, as well. I don't know about RSM in that regard.

As far as I know, all of the places I listed are fine.

BTW, I can understand the strategy of waiting until you know the area better, but, if I were in your shoes, I would visit and then buy since all of the cities listed are well-regarded and safe with good schools. Rents are just a waste since they are so high and will probably go even higher.

Of course, one strategy to use if you do decide to visit and buy, is to ask on C-D for feedback about the development under consideration.
Makes sense...thanks for all the information. Def would rather buy than rent, if I don't get a SFH, I'm just afraid I buy and get stuck in condo that we won't like.

And "bad" areas are relative, we live in the nicer part of town in CT but is a town over from what most consider one of the most "dangerous" cities in America...
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Old 09-25-2014, 01:09 PM
 
33 posts, read 85,227 times
Reputation: 28
Wow!! I'm just now seeing how volatile OC housing prices can be... my Redfin price-drop email alerts are coming in at a much higher frequency...
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Old 09-25-2014, 03:38 PM
 
Location: Olympus Mons, Mars
5,691 posts, read 8,601,954 times
Reputation: 5787
I don't see any price drops...
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Old 09-25-2014, 04:29 PM
 
Location: Aliso Viejo, Orange County, CA
4,971 posts, read 6,373,831 times
Reputation: 4090
Quote:
Originally Posted by sammy1224 View Post
Wow!! I'm just now seeing how volatile OC housing prices can be... my Redfin price-drop email alerts are coming in at a much higher frequency...
According to Redfin, 32.4% of OC homes listed in July, 2014 showed price drops:
http://www.redfin.com/research/repor...l#.VCSUmfldWSo

However, the median sale price in OC is up 8.5% from last year:
http://www.redfin.com/research/repor...l#.VCSVSPldWSo

Here in Aliso Viejo, the median sale price (mostly townhouses/condos & some SFRs) is up 7.9% over last year:
https://www.redfin.com/city/224/CA/A...offer-insights
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Old 09-25-2014, 07:02 PM
 
33 posts, read 85,227 times
Reputation: 28
So what must be happening is that many 2014 listings had been priced at a point above what the market is willing to offer. I guess that makes sense in am adjusting market environment.
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