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Old 10-30-2008, 11:04 PM
 
76 posts, read 386,942 times
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Thinking of a job at CSU, Fullerton, but it is low paying. What areas will provide good schools, with more reasonable housing. I'd need at 3 Bedroom home for 350,000 or so -- or I could always just rent, I guess. 750,000 is not an option for us now or ever and I don't see how Californians do it! :-). But, schools are critical b/c I have a child with special needs.

Thanks!
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Old 10-31-2008, 01:00 AM
 
Location: RSM
5,113 posts, read 18,500,586 times
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you could probably find something like that in western corona. probably looking at about an hour commute there
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Old 10-31-2008, 02:13 AM
 
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Fullerton has great schools and the housing here is dropping like crazy...Stay close to Fullerton and rent for awhile....Some former $700,000 houses are going for $500,000 and even into the $400,000s.

My son just bought a beautiful home that once sold for $650,000 and he bought it for $415,000. I'm sure if he hung on longer he could of have gotten it cheaper... Hang on, prices are still dropping more here!
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Old 10-31-2008, 06:28 AM
 
Location: Grosse Ile Michigan
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Fullerton best choice. In Oc, the shorter your commute, the better your life will be.
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Old 10-31-2008, 06:31 AM
 
76 posts, read 386,942 times
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Thank you! I knew prices might be dropping, but I didn't know by that much!!! I'm appreciative of the input about Fullerton,too. I'd love to be closer to the Univ. than not--- I just thought prices would be forever out of our league. We'd be moving this summer 09-- what is the "projected" low point for housing?

Oh, wait,,,,why when I look at 300,00 homes on Zillow are the taxes 6-7K a year versus Irvine at 3,500 or Chico Hills at 2K?

Thanks!

Last edited by finzup2; 10-31-2008 at 07:07 AM..
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Old 10-31-2008, 09:25 AM
 
Location: RSM
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because the taxes are based on the sale price of the house, not the current value. 1% of sale price plus some other assessments. most of established orange county is close to 1%, the newer areas like eastern yorba linda, south OC, etc are closer to 2%
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Old 10-31-2008, 02:11 PM
 
178 posts, read 382,696 times
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My son's taxes on his new house in Fullerton that he just bought for $415,000 will be about $4800 a year. Here in California estimate about 1.2% of the sale price of the house....This includes assessments. Proposition 13 helps protect homeowers from having their taxes from going up too crazy every year. My taxes went up $100 this year, last year about $50.

Also the higher taxes you are seeing in some areas in California on Zillow might be the old property tax rate when the houses were much higher, I noticed that too...When these houses sell the taxes will be at the new lower rate.

Houses have been dropping in California up to 35% from a year ago and they still dropping.
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Old 10-31-2008, 02:45 PM
 
76 posts, read 386,942 times
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Quote:
Originally Posted by bhcompy View Post
because the taxes are based on the sale price of the house, not the current value. 1% of sale price plus some other assessments. most of established orange county is close to 1%, the newer areas like eastern yorba linda, south OC, etc are closer to 2%

Thank you....that makes sense. I'm used to having taxes based on assessments that occur every 5 to 7 years!
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Old 10-31-2008, 02:46 PM
 
76 posts, read 386,942 times
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Quote:
Originally Posted by mollymonk View Post
My son's taxes on his new house in Fullerton that he just bought for $415,000 will be about $4800 a year. Here in California estimate about 1.2% of the sale price of the house....This includes assessments. Proposition 13 helps protect homeowers from having their taxes from going up too crazy every year. My taxes went up $100 this year, last year about $50.

Also the higher taxes you are seeing in some areas in California on Zillow might be the old property tax rate when the houses were much higher, I noticed that too...When these houses sell the taxes will be at the new lower rate.

Houses have been dropping in California up to 35% from a year ago and they still dropping.
Thank you...that eases my mind tremendously! My grandmother has a home in Boston that she can longer afford to keep b/c the taxes alone are 16,000 a year. She bought the house for that much 50 years ago :-).
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Old 10-31-2008, 02:51 PM
 
11,715 posts, read 38,041,956 times
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Quote:
Originally Posted by finzup2 View Post
Thank you...that eases my mind tremendously! My grandmother has a home in Boston that she can longer afford to keep b/c the taxes alone are 16,000 a year. She bought the house for that much 50 years ago :-).
Go tell that to the people here:

If you were mayor or cali governor how would you fix LA

who think there's nothing wrong with unlimited property tax increases.
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