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Old 05-18-2009, 02:42 PM
 
1 posts, read 2,236 times
Reputation: 11
Default 4S Ranch homes - Good time to buy?

We are a young working professionals considering to buy a short sale home for around $520K in 4S Ranch area now. Is this a good time to buy in this area? Is this area going to hold up to its value after seeing lot of comments about it being called foreclosure ranch? Our main concerns are:

1. Is this area is going to get further hit by the economy?
2. High HOA + Melloroos (almost $450 per month together)
3. Wildfire fear

Please advice!

Thanks!
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Old 05-18-2009, 02:48 PM
 
Location: Rolando, San Diego CA 92115
7,129 posts, read 18,114,861 times
Reputation: 2900
Quote:
Originally Posted by 4sranch_buyer View Post
1. Is this area is going to get further hit by the economy?
2. High HOA + Melloroos (almost $450 per month together)
3. Wildfire fear
I think long term (10+ years) the area will hold up well. It is very popular. But in the shorter term, it has some pressures. One of the biggest questions is about what will happen to the biotech industry, which is a huge driver for 4S ranch homebuyers and has still not yet turned into the revenue-producing powerhouse it was predicted to be.

The San Diego Biotech Survival Index 2: Clinging to Cash in the Downturn | Xconomy
voiceofsandiego.org: Science... No More Swinging for the Fences in Biotech

Wildfire fear will never go away but doesn't seem to be a factor in home prices as long as the area is desirable. The high HOA / Mello-Roos will be a turnoff to some, but the benefits (neat and well-kept neighborhoods and new roads and schools) will probably not be an issue for buyers who can afford it.
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Old 05-18-2009, 04:42 PM
 
124 posts, read 245,403 times
Reputation: 47
$450 for mello roos + HOA is not considered high.
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Old 05-19-2009, 12:45 PM
 
Location: Carlsbad
331 posts, read 683,198 times
Reputation: 265
I don't think we've seen the bottom yet...
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Old 08-05-2009, 07:06 PM
 
Location: Las Flores, Orange County, CA
26,362 posts, read 54,228,764 times
Reputation: 16312
Quote:
Originally Posted by 4sranch_buyer View Post
We are a young working professionals considering to buy a short sale home for around $520K in 4S Ranch area now. Is this a good time to buy in this area? Is this area going to hold up to its value after seeing lot of comments about it being called foreclosure ranch? Our main concerns are:

1. Is this area is going to get further hit by the economy?
2. High HOA + Melloroos (almost $450 per month together)
3. Wildfire fear

Please advice!

Thanks!
Many SFR Homes I see in 4S Ranch (south side) are $95 HOA + $187 Mello Roos.

http://www.redfin.com/CA/San-Diego/1...7/home/6552423

And while the HOA doesn't include a pool, there is a Boys and Girls Club with a May-October pool and splashground/slides apparatus with a family fee. Sounds efficient.

http://www.pacificswim.com/4s/

Last edited by Charles; 08-05-2009 at 07:26 PM..
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Old 08-05-2009, 11:25 PM
 
140 posts, read 262,601 times
Reputation: 81
Some good info on 4S ranch, good and bad
4S ranch--Pienza Jan release | Piggington's Econo-Almanac | San Diego Housing Bubble News and Analysis
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