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1) Very far from job centers. There are few ways in and out (that don't involve toll roads). Not a pretty picture during rush hour 2) Relative isolation. Yes there are some nice things to do there, but if you want to go anywhere else (e.g. Irvine) it's far 3) The heat - more inland so...

I also like SJC - one of my friends lives near the mission and she and her husband love it. If you like the area and feel comfortable/safe as others have said, I say go for it. What high school is it near - Capo or the new one? Capo is certainly showing its age, but all in all it's not so bad...

I would stay away - at least if your friend is hoping to trade up any time soon. That's a bubble-era condo conversion gone bad. There are MANY foreclosures there.

<a href="http://lansner.freedomblogging.com/2009/03/25/oc-prognosticator-defaults-on-rental-house/17639/">Looks like the OC Register took you up on the story</a>

Two Coto properties back to the bank today: 17 Charleston and 56 Bogey Lane. First one's lender was JP Morgan. The second's was Downey.

<a href="http://www.zillow.com/HomeDetails.htm?zprop=25601566">3 Kennedy Ct</a> back to the bank today for $1,021,963. Another loan made in 2007 goes bad... And, another property in Laguna Beach back to the bank today (<a href="http://www.zillow.com/HomeDetails.htm?zprop=25142041">32146...

The NAR propaganda is strong with that one. I also have seen some properties approaching or even below rental parity - though these are small condos in not desirable neighborhoods.

Both of the Coto properties scheduled for auction were postponed. Water Lily way until 8/25. Interesting but true - 10 Water Lily Way got its NOD in May. What do you know - same last name as the owner of 6 Water Lily Way, and the same lender (C'Wide). Fishy.

2 Coto properties scheduled for auction today...<strong>6 Water Lily Way</strong> and <strong>5 Green Briar Circle #59</strong>. Original auction date for the Green Briar property so wouldn't be surprising it if was postponed. C'Wide is going to take a bath on the Water Lily Way property - owner...

Chotsky - Welcome and good to have another person familiar with South OC on here. I've been through your former neighborhood a couple times, and it always hits me as odd how there are a couple buildings of those <a...

51% off peak - Laguna Hills REO <a href="http://www.redfin.com/CA/Laguna-Hills/24981-Presidio-Dr-92653/home/4845720">24981 Presidio Dr, 92653</a> <strong>Asking price:</strong> $309,900 <strong>Peak price:</strong> $635,000 <a...

I posted June's foreclosure numbers for South OC <a href="http://www.southoctracker.com/2008/07/foreclosure-stats-june-2008.html">from ForeclosureRadar here</a>. The short of it is NODs and foreclosures back to the bank (REOs) were down from May but hugely up from a year ago.