U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Real Estate
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 06-18-2012, 10:01 AM
 
3,032 posts, read 2,873,313 times
Reputation: 3375

Advertisements

Question to those familiar with Southern California...

We live in Orange County, and looking to spend no more than 400K. It's just the two of us, so we don't need a big place, 2 maybe 3 bedrooms and hoping to stay put for as long as possible.

So, would it be better to go with a condo or townhouse closer to the coast like Laguna Niguel,or Huntington Beach, or an older small Single Family house (with no HOA fees) in the older part of Lake Forest or North County like Santa Ana, or Anaheim?

We've already done a pro and cons thing with both types of housing, so this is a question about the better investment for the long run. We could get a pretty nice condo (although we'd be mindful of the HOA to add to our monthly expense), but finding an SFR for that price in a decent neighborhood would be trickier.

Thanks in advance!
Reply With Quote Quick reply to this message

 
Old 06-18-2012, 10:04 AM
 
Location: IL
2,992 posts, read 4,263,800 times
Reputation: 3071
we went through that execise about a decade ago and ended with a condo in Redondo Beach. The homes we could afford had too many flaws, so we chose better area and better schools and it worked out well. But, we did look at places that needed updating and repair, which I did mostly myself. Just my opinion.
Reply With Quote Quick reply to this message
 
Old 06-18-2012, 10:19 AM
 
Location: The Triad (NC)
26,914 posts, read 58,045,364 times
Reputation: 29368
If you aren't beach people there's no reason I can see to pay extra to be close to the sand.

Still, not a lot of home choices...


Moderator cut: can only cite realtor.com

Last edited by SouthernBelleInUtah; 06-18-2012 at 11:15 AM..
Reply With Quote Quick reply to this message
 
Old 06-18-2012, 09:22 PM
 
3,032 posts, read 2,873,313 times
Reputation: 3375
Quote:
Originally Posted by MrRational View Post
If you aren't beach people there's no reason I can see to pay extra to be close to the sand.

Still, not a lot of home choices...


Moderator cut: can only cite realtor.com
We're not on the sand/in the water beach folk, but there's a certain point where you can feel the sea breeze and take a quick drive to where you can see the ocean and beautiful sunset. We do that now from our apartment in Mission Viejo. We can feel the difference in the air at a certain point, and surely wouldn't mind being closer to that air, or live in it!

So relatively closer to the beach maybe a 5-15 minute drive that Laguna Niguel would provide rather than the 30 to 40 minute drive from Anahiem or Fullerton for example.

And yeah, inventory is "low". Bad bad banks! (again!) Grrrr...
Reply With Quote Quick reply to this message
 
Old 06-18-2012, 11:04 PM
 
121 posts, read 295,408 times
Reputation: 111
The thing with Laguna Niguel is that, while it is closer to the beach than Lake Forest, it isn't AT the beach, so I'm not sure it would carry much of that "beach" cachet and value. My intuition (based on absolutely no data at all) would be that a true beach location (Laguna Beach, Newport Beach, etc.) would have a good chance of holding long term value better than an inland location. But I'm not convinced that Laguna Niguel would fall into that category. That said, of the places you listed, Laguna Niguel is my favorite (and indeed is the only one from that list we seriously considered buying in during our recent house search).
Reply With Quote Quick reply to this message
 
Old 06-19-2012, 12:11 AM
 
3,032 posts, read 2,873,313 times
Reputation: 3375
Quote:
Originally Posted by woodrough View Post
The thing with Laguna Niguel is that, while it is closer to the beach than Lake Forest, it isn't AT the beach, so I'm not sure it would carry much of that "beach" cachet and value. My intuition (based on absolutely no data at all) would be that a true beach location (Laguna Beach, Newport Beach, etc.) would have a good chance of holding long term value better than an inland location. But I'm not convinced that Laguna Niguel would fall into that category. That said, of the places you listed, Laguna Niguel is my favorite (and indeed is the only one from that list we seriously considered buying in during our recent house search).
Ah, happy house hunting!

Suppose we could coin the term "semi-coastal"? That area where you can sort of get a little ocean breeze, and see the coastal marine layer from a balcony or hill!

I can definitely sense that the ocean is near in LN compared to Mission Viejo, or Rancho Santa Margarita.

Also the prices go up the near the water even if it isn't right at the beach itself of course, so back to my original query...
I've heard it said "location location" and schools, but I've also heard that SFRs will always be valuable because you get your own land. (Provided the neighborhood is not a haven for gangs and such)
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Real Estate
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top