Millennials simply can't afford to live in OC (budget, retirement)

[expatCA]

Originally Posted by pacific2

My reference was to South OC. Why would someone who wants to live in South OC settle for a SFR in an "okay area" elsewhere in OC?

It would make more sense to move to another part of CA where one could get a SFR in a nice area. Or, move to another state.

BTW, condos/townhouses are, of course, selling in South OC. So, obviously, there are many who think it is worth it to pay HOA fees to live here in one. It's that very demand that is causing South OC condo prices to rise.

In So OC there are fewer, but they do exist. Unfortunately the majority also have HOA's.

It really comes down to what a person wants and can afford. Many like Condo's and Townhouses because they have no yard work, etc. I am not there yet.

[pacific2]

Originally Posted by expatCA

In So OC there are fewer, but they do exist. Unfortunately the majority also have HOA's.

It really comes down to what a person wants and can afford. Many like Condo's and Townhouses because they have no yard work, etc. I am not there yet.

Where are the $450K-$500K SFRs in South OC?

[expatCA]

Originally Posted by pacific2

Where are the $450K-$500K SFRs in South OC?

Do a Zillow or Trulia search. They pop up occasionally, but most also have HOA's and yes they are $500,000 to $600,000.00. The only under $500,000.00 are foreclosures needing work.

https://www.zillow.com/homes/for_sal...34_rect/11_zm/

https://www.zillow.com/homes/for_sal...53_rect/11_zm/

https://www.zillow.com/homes/for_sal...38_rect/11_zm/

[LuvSouthOC]

The first one was a an age restricted unit in San Clemente. The second one was outside of South OC. The third one was in RSM.

[payutenyodagimas]

don't despair, the GOP may pass tax reform disallowing state/local taxes from being deducted in federal income tax.


it might effect the value of houses in CA or other states with income tax. who knows, it may halve house prices.

[pacific2]

Originally Posted by expatCA

Do a Zillow or Trulia search. They pop up occasionally, but most also have HOA's and yes they are $500,000 to $600,000.00. The only under $500,000.00 are foreclosures needing work.

None of those are from $450K-$500K. Besides, this whole discussion is moving far afield away from this:

Originally Posted by LuvSouthOC

Why can't millennials buy these for 350k?

A $350,000 new home in Orange County? It’s in the works in Rancho Mission Viejo – Orange County Register

The reason I posted my information was to show, for those actively looking, that there are condos available for $350K in South OC, not to get into some sort of debate about the merits of buying a condo; or, for a needle-in the-haystack search for a South County SFR selling for under $500K.

[expatCA]

Originally Posted by pacific2

None of those are from $450K-$500K. Besides, this whole discussion is moving far afield away from this:



The reason I posted my information was to show, for those actively looking, that there are condos available for $350K in South OC, not to get into some sort of debate about the merits of buying a condo; or, for a needle-in the-haystack search for a South County SFR selling for under $500K.

I don't disagree. The problem is there are only going to be ten (10) units available for $350,000.00

[LuvSouthOC]

Millennials think themselves to be eminently important...and interesting (they aren't as a group). Most only have youth going for themselves and obviously sexual attractiveness, but that fades as they as learning.

So don't worry new member, we are not engaging in that exercise and many of us have plenty of millennials as friends.

[expatCA]

Originally Posted by LuvSouthOC

Millennials think themselves to be eminently important...and interesting (they aren't as a group). Most only have youth going for themselves and obviously sexual attractiveness, but that fades as they as learning.

So don't worry new member, we are not engaging in that exercise and many of us have plenty of millennials as friends.

Which is why we see the problems.

[saibot]

Originally Posted by LuvSouthOC

The first one was an age restricted unit in San Clemente. The second one was outside of South OC. The third one was in RSM.

As an RSM resident, I found this hilarious.

The only thing worse than being old or out of South OC, is being in RSM.