Quote:
Originally Posted by KEC
My wife and I are thinking about buying some property in the Orange county area. Are there any neighborhoods where a person could buy a house (single family or townhome) for 300-400K in a nice safe neighborhood? I know, I'm probably going to get laughed at, but I'm still curious. The house size in mind is around 1000-1400 sq ft.
Kind of off topic, but what kind of interest rates are people getting for mortgages these days?
Thx, KEC
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You're not going to get laughed at. But your options would not be easy to find in the more desireable areas. You'd have to look more on the outskirts or further inlands borderline to the OC. I know someone who bought a beautiful new spanish style house, 2500 sqft, in Ranch Coucamonga (or however you spell it) for $350,000.
However, keep in mind that even if there's a recession, prices wont start dropping dramatically. You'll just have more houses available and rates go down somewhat but no huge dips.
Hmm... I think that you MAY even find something the farthest south of San Juan Capistrano for that rate since your demand of sqft is quite small.
Santa Ana is being made up and is becoming quite cosy and pleasant compared to a few years ago. Its changed a lot. You may find something there for your budget. Tustin is another possible option. Both are within OC borderlines.
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