If you are renting now..

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waiting_to_buy_IHB

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where are you renting? I wanted to get an idea where people like to rent right now.



I am living in fountain valley now and I am considering moving to Irvine and rent a place since right now its a horrible time to buy. I want to buy something around Dec 2009 but as for right now i dont know which areas I like to live in Irvine, so i thought that renting first would be a good thing to get to know the area.
 
well, as you might know from my recent thread, I rent at the Village Apartments in Irvine (just go to the thread called "Village Apartments in Irvine-Aye or Nay" to learn more about the place. Good luck! It is a good time to rent...
 
Try Calypso on Jamboree/Alton. Although I'm not looking for a place to rent, if I was, I would check that place out. It's newly built so it's like living in a brand new home! With all these new places being built on Jamboree, I think it's a great time to check out all the modern amenities.



Although I love the location of Foutain Valley, it doesn't have all the cool new complexes like Irvine.
 
Woodbury Place, the townhomes. It's a pretty quiet neighborhood (and the soundproofing is good)... I love having an attached 2 car garage and it's only a few minutes from where my husband works. It's not cheap, but I figure that if you count what you're not paying in HOA fees, it's not such a bad deal.
 
I still say you should live in a brand new complex. New homes are expensive with their HOA's and Mello-Roos. If you're paying $2200 for a brand new 2 bedroom apartment, it would have probably cost you $3300 to own it. And... when you own, I'm assumming you want to live in a nice quiet suburban neighborhood. Since you're renting now, you should try out the urban feel of the Jamboree corridor. Besides, it might end up costing you $2000 more for the year that you are living there, but it's well worth the experience.
 
I rent in Irvine (you would not believe the crap I get for that....). I pay about 1610 a month. And as far as i'm concerned, its dirt cheap. Buying anything right now would probably cost me twice as much as well all the headaches that will come with it. Anyway hope all is going well with you, good luck

-bix
 
[quote author="blackacre-seeker" date=1208784481]well, as you might know from my recent thread, I rent at the Village Apartments in Irvine (just go to the thread called "Village Apartments in Irvine-Aye or Nay" to learn more about the place. Good luck! It is a good time to rent...</blockquote>


i have friends who live there...honestly i think that place is a little over priced....and not a family friendly place...to me its a good place for singles tobe....
 
[quote author="optimusprime" date=1208818879]Hey Waiting...funny, I grew up in FV, across the street from the Park :)



Anyways, I highly recommend Santa Clara...love the place and the location. PM me if u want more details and if you want some free $$...



BTW..u just mentioned $2k for 2br... Santa Clara you can probably negotiate for that much or $2100.



http://www.rental-living.com/Communities/Santa-Clara/Prices-And-Floorplans/</blockquote>


i will definitely look into this since its like minutes from where iw ork :) thanks.....

i can't move right now but i have a couple months to look around
 
[quote author="hs_teacher" date=1208818660]I still say you should live in a brand new complex. New homes are expensive with their HOA's and Mello-Roos. If you're paying $2200 for a brand new 2 bedroom apartment, it would have probably cost you $3300 to own it. And... when you own, I'm assumming you want to live in a nice quiet suburban neighborhood. Since you're renting now, you should try out the urban feel of the Jamboree corridor. Besides, it might end up costing you $2000 more for the year that you are living there, but it's well worth the experience.</blockquote>


thanks, i will try to convince my husband. He thinks that any more money you put into rent is a waste of money :roll:
 
[quote author="waiting_to_buy" date=1208821065][quote author="hs_teacher" date=1208818660]I still say you should live in a brand new complex. New homes are expensive with their HOA's and Mello-Roos. If you're paying $2200 for a brand new 2 bedroom apartment, it would have probably cost you $3300 to own it. And... when you own, I'm assumming you want to live in a nice quiet suburban neighborhood. Since you're renting now, you should try out the urban feel of the Jamboree corridor. Besides, it might end up costing you $2000 more for the year that you are living there, but it's well worth the experience.</blockquote>


thanks, i will try to convince my husband. He thinks that any more money you put into rent is a waste of money :roll:</blockquote>


Typical argument to buy....ask your husband....can he live with buying now and seeing another 20% discount over the next 2 yrs? (in this case $150k-200k for homes in Irvine)
 
I think paying interest, hoa, & tax for your home is the same as paying rent for the most part. The cost of living in Orange County is high. THere's not much we can change about that. I'm pretty sure you can get a nice 2bedroom for $2000. But if you're at the point where you are able to buy, you need to get used to spending at least 2k a month on housing. My girlfriend and I used to pay 1500/month for housing. Now we are so used to paying $2000/month. I think in a few years, we'll be likely be paying $3000/month for housing. I think $1000 a month is cheap for a couple. $2000 a month is average. $3000 would be about right for a family. It's the people who are paying 4k or 5k a month that I don't understand. I'm telling a friend to buy this summer. His mortgage will be about 3k a month. But with his tax deductions, it should cost him a net of $2k. I think that's a very moderate housing cost for a pharmacist.
 
[quote author="hs_teacher" date=1208827662]I think paying interest, hoa, & tax for your home is the same as paying rent for the most part. The cost of living in Orange County is high. THere's not much we can change about that. I'm pretty sure you can get a nice 2bedroom for $2000. But if you're at the point where you are able to buy, you need to get used to spending at least 2k a month on housing. My girlfriend and I used to pay 1500/month for housing. Now we are so used to paying $2000/month. I think in a few years, we'll be likely be paying $3000/month for housing. I think $1000 a month is cheap for a couple. $2000 a month is average. $3000 would be about right for a family. It's the people who are paying 4k or 5k a month that I don't understand. I'm telling a friend to buy this summer. His mortgage will be about 3k a month. But with his tax deductions, it should cost him a net of $2k. I think that's a very moderate housing cost for a pharmacist.</blockquote>


Why this summer? Any reason?
 
<blockquote>



thanks, i will try to convince my husband. He thinks that any more money you put into rent is a waste of money :roll:</blockquote>


Yes, pouring money into rent is a waste. Buying right now is a HUGE waste. Take a 500k investment, and then have it devalue something like 50k in the next 6 months. SOooo take your 2000 payment for 6 months, that's 12k wasted. Now take your 50k devalue alone in 6 months... that like 8k a month.... wasted. Humm... 2k or 8k.



Its not a trick question ya know.



Tell ya what, i'll buy 6-12 months later and have a good amount more saved as well as buying the same product for 20% less.



-bix
 
[quote author="biscuitninja" date=1208832604]<blockquote>



thanks, i will try to convince my husband. He thinks that any more money you put into rent is a waste of money :roll:</blockquote>


Yes, pouring money into rent is a waste. Buying right now is a HUGE waste. Take a 500k investment, and then have it devalue something like 50k in the next 6 months. SOooo take your 2000 payment for 6 months, that's 12k wasted. Now take your 50k devalue alone in 6 months... that like 8k a month.... wasted. Humm... 2k or 8k.



Its not a trick question ya know.



Tell ya what, i'll buy 6-12 months later and have a good amount more saved as well as buying the same product for 20% less.



-bix</blockquote>


totally not true.

do you know 100% sure that her house will lose 50K in 6 months or you are just speculating? I bet you are.



let's say your speculation is right, but if she decides to keep her house in a long run, she'll be alright.
 
[quote author="irvinehomeowner" date=1208833870][quote author="biscuitninja" date=1208832604]<blockquote>



thanks, i will try to convince my husband. He thinks that any more money you put into rent is a waste of money :roll:</blockquote>


Yes, pouring money into rent is a waste. Buying right now is a HUGE waste. Take a 500k investment, and then have it devalue something like 50k in the next 6 months. SOooo take your 2000 payment for 6 months, that's 12k wasted. Now take your 50k devalue alone in 6 months... that like 8k a month.... wasted. Humm... 2k or 8k.



Its not a trick question ya know.



Tell ya what, i'll buy 6-12 months later and have a good amount more saved as well as buying the same product for 20% less.



-bix</blockquote>


totally not true.

do you know 100% sure that her house will lose 50K in 6 months or you are just speculating? I bet you are.



let's say your speculation is right, but if she decides to keep her house in a long run, she'll be alright.</blockquote>


Long run....sounds like realtor speak to me to BUY NOW.



How about it DOES Decline and by waiting 6--12 months, our friend here and her hubby can get an additional 500 sq ft for what they were going to pay.



I think she be MORE THAN alright !
 
My friend wants to buy this summer because he is tired of paying so much income tax. We figured that with the tax savings, buying is better than renting.
 
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