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Old 10-30-2009, 05:48 PM
 
2 posts, read 6,293 times
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We have been looking for a house in Riverside county and given 50+ offers. Now a few houses have finally accepted our offer, but we have to decide immediately which one to take.

The cheaper one (4 br)is a newer and bigger house in the 92509 area, near Pedly, and the more expensive one is a smaller house (3br) near Costco at Corona. We hope to rent it out for now. Could someone know has lived or worked in either area comment on how easy it would be to rent out houses in the 2 neighborhoods? Or which neighborhood is more desirable? I know that vacancy rate is high now because so many people in Riverside are buying, but we really cannot decide!

Thanks!!
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Old 10-30-2009, 08:04 PM
 
Location: Arvada, CO
13,706 posts, read 26,367,907 times
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If the one in Corona is north of the 91, then I'd pick that one, hands down. If it's south of the 91, I might take a harder look at the one in Pedley.
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Old 10-30-2009, 08:05 PM
 
Location: Southern California
19 posts, read 78,432 times
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I can't help you compare since I'm not familiar with the 92509 area, but we rented off of McKinley before we purchased our house. You may have noticed that there are a lot of apartments/condos in the area, so I think you would have a good chance of renting a house out in that area since people will be looking in the area. Not to mention that it is pretty much at the 91/15 interchange, which I think would sway more people to choose that location based on convenience.
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Old 11-02-2009, 12:16 PM
 
41 posts, read 97,441 times
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Quote:
Originally Posted by beebee0 View Post
We have been looking for a house in Riverside county and given 50+ offers. Now a few houses have finally accepted our offer, but we have to decide immediately which one to take.

The cheaper one (4 br)is a newer and bigger house in the 92509 area, near Pedly, and the more expensive one is a smaller house (3br) near Costco at Corona. We hope to rent it out for now. Could someone know has lived or worked in either area comment on how easy it would be to rent out houses in the 2 neighborhoods? Or which neighborhood is more desirable? I know that vacancy rate is high now because so many people in Riverside are buying, but we really cannot decide!

Thanks!!





Riverside and Corona and as a whole Riverside county along with San Bernardino county are the worst counties in Southern California. Way too many problems there. I would reccommend LA county only because it has so many different things, climates, oppurtunities, and places to live.
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Old 11-02-2009, 01:29 PM
 
2 posts, read 6,293 times
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Thanks everyone. The Corona house is just more expensive and would require a lot more work before moving in. In any case, it should be easy to rent out even though it is smaller, right?

And to Mike8290, I have lived in LA for many years and I agree with you, but the same house in LA would cost 2x as much...
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