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The thing is that we wouldn't actually be living there continuously for maybe 4 years, and that's a heck of a lot of money to plunk down every month for nothing.
I've seen some houses in Oceanside--some in the Rancho Del Oro area--that weren't badly priced at all. (That said, we've been Orange County folks for decades.)
I live in LWV. Prices for units couldn't be better than right now...they are still cheap...the monthlies will be around $590 in 2013.
The carrying charges in good part are a result of the mutuals' politics.....the pay exhorbitant amounts for landscaping, and the management company has recently had a shake-up...it was found to be having large parties, lots of lunches, and bonuses and gifts for employees...all on the residents' dime...be careful of Third Mutual...all condos, and great properties, but the present board is a PCM (the management company}rubber stamp....the monthlies just went up $24 a month for next year...the financial requirements to get in are way too high considering most units are forty years old and the sewage system keeps raising havoc. Presently...my self included...those who own rental properties have reduced rents by as much as $300 a month to fill their units....other than the above....it's a great place to live.
Which one is Third Mutual?
I saw that properties were pretty old. Certainly not built to present earthquake standards. Have they all been properly retrofitted?
I saw in the info packet that they look for the least noxious way of pest control. Does that mean they don't spray regularly or tent? I'm sensitive, so this is a concern.
I've seen some very good prices, but it's still coming down to paying hundreds a month for property on which we're not living regularly. My husband's cousin has a condo in Laguna Niguel, and they come down every 6 weeks or so from Seattle, but then, again, her hubby's a heart surgeon.
We own two with them and happy someone else does the gardening pool work outside painting and have replaced our roof.
And both places always look great
Pest control. Only outside spraying. Tenting is for termites. And no hoa pays for that
Our condo has hoas of 500 a month. That covered trash basic cable and insurance only for the outside structure
Plus 11pools tennis courts. Etc
Hoa did not cover water gas or electric. And once we went hd and Internet or monthly bundle was100 a month
Then there are property taxes and liability insurance
We were in a resort area and rented as much as we could. By the week and month
In 13 years we never even broke even.
It was gated and guarded
Laguna woods are very old places. Unless kitchen and baths have been totally updated. Well they are dated
The thing is that we wouldn't actually be living there continuously for maybe 4 years, and that's a heck of a lot of money to plunk down every month for nothing.
I've seen some houses in Oceanside--some in the Rancho Del Oro area--that weren't badly priced at all. (That said, we've been Orange County folks for decades.)
Oh heck, four years is a looooong time....so many things can change in that much time.
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